secwatch.observer — SEC 8-K summary
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Issuer:     INSEEGO CORP. (INSG)
CIK:        0001022652
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001022652-23-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022652/000102265223000021/0001022652-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022652/000102265223000021/insg-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001022652-23-000021

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