Inseego Q1 2023 revenue $50.8M, adjusted EBITDA $4.1M, gross margin 36%

INSEEGO CORP.

2023-Q1 EPS reported -$0.05 revenue$50,794,000

Revenue $50.8M; GAAP net loss $5.1M ($0.05 per share); non-GAAP net loss $0.02 per share.
Adjusted EBITDA positive $4.1M; operating cash flow positive for the quarter.
Gross margin 36%, up 9.3% YoY; FWA & cloud revenue 53% of total, up 35% YoY.
Enterprise SaaS revenue $7.2M, up 4.2% YoY; unrestricted cash $8.7M at quarter end.

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 the quarter ended March 31, 2023 results: revenue $50.8 million, net income $5.1 million, EPS $0.05 per share.

Period: the quarter ended March 31, 2023
Revenue: $50.8 million
Net income: $5.1 million
EPS: $0.05 per share
Result: preliminary results

Exact text from the filing

Inseego Corp. (Nasdaq: INSG) (the “Company”), a leader in 5G edge cloud solutions, today reported its results for the first quarter ended March 31, 2023. The Company reported first quarter net revenue of $50.8 million, GAAP operating loss of $3.6 million, GAAP net loss of $5.1 million, GAAP net loss of $0.05 per share

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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 0001022652-23-000011

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