Inseego Q3 net loss $15.7M, revenue $69.2M; expects cash breakeven Q1 2023

INSEEGO CORP.

2022-Q3 EPS reported -$0.52 revenue$192,408,000

Net revenue $69.2M, GAAP net loss $15.7M ($0.15/share), non-GAAP loss $0.11/share.
Adjusted EBITDA negative $2.5M; unrestricted cash $18.1M at quarter end.
5G revenue up 22% YoY; enterprise FWA now 13% of total revenue.
Launched next-gen 5G mobile hotspot with Verizon and Telstra; introduced 5G SD EDGE.
CFO guides Q4 gross margin improvement, cash flow breakeven in Q1 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INSEEGO CORP. reported the quarter ended September 30, 2022 results: revenue $69.2 million, net income GAAP net loss of $15.7 million, EPS GAAP net loss of $0.15 per share.

Period: the quarter ended September 30, 2022
Revenue: $69.2 million
Net income: GAAP net loss of $15.7 million
EPS: GAAP net loss of $0.15 per share
Result: preliminary results

Exact text from the filing

“Company”), a leader in 5G edge cloud solutions, today reported its results for the third quarter ended September 30, 2022. The Company reported third quarter net revenue of $69.2 million, GAAP operating loss of $11.9 million, GAAP net loss of $15.7 million, GAAP net loss of $0.15 per share, adjusted EBITDA of negative $2.5 million, and non-GAAP net loss of $0.11

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INSEEGO CORP. filing history →

Source: SEC EDGAR

accession 0001022652-22-000036

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