secwatch.observer — SEC 8-K summary
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Issuer:     INSEEGO CORP. (INSG)
CIK:        0001022652
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0001022652-22-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inseego Q2: revenue $61.9M, GAAP net loss $0.12/sh, gross margin up to 29.5%, $50M credit facility
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- Q2 net revenue $61.9M; GAAP net loss $12.4M ($0.12/sh); adjusted EBITDA -$1.0M; non-GAAP EPS -$0.09.
- Consolidated gross margin 29.5% (up from 27.3% Q1 and 28.0% YoY) on higher enterprise mix.
- Closed $50M secured revolving credit facility Aug 5; SOFR+3.50%, matures Dec 31, 2024; $4.5M drawn.
- Next-gen 5G mobile hotspot to launch with tier one carrier in North America and Telstra in Q3.
- Expects Q3 cash usage significantly lower; targeting cash flow breakeven by year-end 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022652/000102265222000026/0001022652-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022652/000102265222000026/insg-20220808.htm
  HTML page:      https://secwatch.observer/filing/0001022652-22-000026

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