Inseego Q3 revenue $48.6M, net loss $21.8M; guides Q4 revenue $40-42M

INSEEGO CORP.

2023-Q3 EPS reported -$0.30 revenue$152,934,000

Revenue $48.6M, GAAP net loss $21.8M ($0.19/share), adjusted EBITDA positive $4.0M.
5G FWA revenue grew 29% YoY; 5G revenue 54% of total; cloud software 30% of revenue.
Operating expenses at lowest in over two years; third straight quarter of positive cash flow and adjusted EBITDA.
Q4 2023 guidance: revenue $40-42M, adjusted EBITDA $1.5-2.0M.
Appointed Steven Gatoff as CFO (Sep), Philip Brace to board (Sep), Steve Harmon as CRO (Oct).

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 September 30, 2023 results: revenue $48.6 million, net income $21.8 million, EPS $0.19 per share.

Period: the quarter ended September 30, 2023
Revenue: $48.6 million
Net income: $21.8 million
EPS: $0.19 per share
Result: preliminary results

Exact text from the filing

financial results for the quarter ended September 30, 2023. --- EX-99.1 (EX-99.1) --- Inseego Reports Third Quarter 2023 Financial Results Q3 2023 total revenue of $48.6 million Recorded net loss of $21.8 million; delivered positive adjusted EBITDA of $4.0 million for Q3 2023 5G Fixed Wireless Access (FWA) revenue represented 23.0% of total revenue and

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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 0001022652-23-000033

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