Inseego Q2 revenue $53.6M, adjusted EBITDA $4.5M; FWA revenue up >50% sequentially

INSEEGO CORP.

2023-Q2 EPS reported -$0.10 revenue$104,351,000

GAAP net loss $4.9M ($0.05 per share); non-GAAP net loss $0.02 per share.
Adjusted EBITDA of $4.5M; positive operating cash flow; cash $15.2M at quarter end.
FWA and cloud revenue 65% of total, up 42% YoY; FWA revenue grew >50% sequentially.
GAAP gross margin 35.3%, up 640 bps YoY; cash operating expenses down ~29% YoY.
Launched 2nd-gen 5G indoor FWA router with US Cellular; customer pipeline expanding.

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 second quarter ended June 30, 2023 results: revenue $53.6 million, net income GAAP net loss of $4.9 million, EPS GAAP net loss of $0.05 per share.

Period: second quarter ended June 30, 2023
Revenue: $53.6 million
Net income: GAAP net loss of $4.9 million
EPS: GAAP net loss of $0.05 per share
Result: reported results

Exact text from the filing

The Company reported second quarter net revenue of $53.6 million, GAAP operating loss of $3.3 million, GAAP net loss of $4.9 million, GAAP net loss of $0.05 per share, adjusted EBITDA of positive $4.5 million, and non-GAAP net loss of $0.02 per share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

INSEEGO CORP. reported the quarter ended June 30, 2023 results: revenue $53.6 million, net income GAAP net loss of $4.9 million, EPS GAAP net loss of $0.05 per share.

Period: the quarter ended June 30, 2023
Revenue: $53.6 million
Net income: GAAP net loss of $4.9 million
EPS: GAAP net loss of $0.05 per share
Result: preliminary results

Exact text from the filing

(the “Company”), a leader in 5G edge cloud solutions, today reported its results for the second quarter ended June 30, 2023. The Company reported second quarter net revenue of $53.6 million, GAAP operating loss of $3.3 million, GAAP net loss of $4.9 million, GAAP net loss of $0.05 per share, adjusted EBITDA of positive $4.5 million, and non-GAAP net loss of $0.02

View on SEC.gov

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

INSEEGO CORP. filing history →

Source: SEC EDGAR

accession 0001022652-23-000021

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