Inseego Q4 2022 net loss $15.3M; FWA revenue up 122% YoY

INSEEGO CORP.

2022-FY EPS reported -$0.66 revenue$245,323,000

Q4 net revenue $52.9M, GAAP net loss $15.3M ($0.14 loss per share), adjusted EBITDA -$3.0M.
FWA revenue 30% of Q4 revenue, up 122% YoY; cloud software 27% of Q4 revenue, up 6% YoY.
Gross margin expanded to 30% (up 390 bps) driven by FWA and cloud mix.
Unrestricted cash $7.1M; management expects positive cash flow in Q2 2023.
Full year 2022 net revenue $245.3M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INSEEGO CORP. reported quarter ended December 31, 2022 results: revenue $52.9 million, net income GAAP net loss of $15.3 million, EPS $0.14 per share.

Period: quarter ended December 31, 2022
Revenue: $52.9 million
Net income: GAAP net loss of $15.3 million
EPS: $0.14 per share
Result: preliminary results

Exact text from the filing

The Company reported fourth quarter net revenue of $52.9 million, GAAP operating loss of $14.2 million, GAAP net loss of $15.3 million, GAAP net loss of $0.14 per share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INSEEGO CORP. reported year ended December 31, 2022 results: revenue $245.3 million.

Period: year ended December 31, 2022
Revenue: $245.3 million
Result: preliminary results

Exact text from the filing

On a full year basis, 2022 net revenue was $245.3 million

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12 earnings releases filed in the last 30 days. Browse all earnings releases →

INSEEGO CORP. filing history →

Source: SEC EDGAR

accession 0001022652-23-000004

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