---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-001098"
form_type: "8-K"
ticker: "INSG"
cik: "0001022652"
company_name: "INSEEGO CORP."
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T21:36:27.781689+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Inseego reports Q4 rev $42.8M, Adj EBITDA $4.1M; CEO Sharma resigns, Brace named Exec Chairman

## Summary
- Q4 rev $42.8M; GAAP net loss $14.3M ($1.28/shr); Adj EBITDA $4.1M.
- FY 2023 rev $195.7M; Adj EBITDA $16.7M; fourth consecutive positive Adj EBITDA qtr.
- Q1 2024 guidance: rev $40-42M; Adj EBITDA $2.5-3.0M.
- CEO Sharma resigns eff Feb 23; Board appoints Philip Brace as Exec Chairman (interim).
- Credit agreement amended: liquidity covenant lowered from $10M to $8M at no cost.

## SEC filing metadata
- accession: 0001683168-24-001098
- form_type: 8-K
- ticker: INSG
- cik: 0001022652
- company_name: INSEEGO CORP.
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022652/000168316824001098/0001683168-24-001098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022652/000168316824001098/inseego_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-001098
- JSON: https://secwatch.observer/filing/0001683168-24-001098.json
- Plain text: https://secwatch.observer/filing/0001683168-24-001098.txt

## Key facts
- Earnings Releases
  INSEEGO CORP. updated its the year and quarter ended December 31, 2023 guidance (reaffirmed).
  - Period: the year and quarter ended December 31, 2023
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: the Company issued a press release containing preliminary financial results for the year and quarter ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022652/000168316824001098/0001683168-24-001098-index.htm
- Executive change
  Philip G. Brace was appointed as Executive Chairman at INSEEGO CORP..
  - Action: appointed
  - Role: Executive Chairman
  source text: the Company’s board of directors (the “Board”) appointed Philip G. Brace, a member of the Board, to the newly-created role of Executive Chairman, effective as of February 19, 2024 and to continue until the earlier of six (6) months or a permanent chief executive officer and president is hired.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022652/000168316824001098/0001683168-24-001098-index.htm
- Executive change
  Ashish Sharma resigned as Chief Executive Officer and President at INSEEGO CORP..
  - Action: resigned
  - Role: Chief Executive Officer and President
  source text: Ashish Sharma resigned as Chief Executive Officer and President of the Company, to be effective as of February 23, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022652/000168316824001098/0001683168-24-001098-index.htm
- Material Agreements
  INSEEGO CORP. amended Loan and Security Agreement with Siena Lending Group LLC (effective 2024-02-20).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Siena Lending Group LLC
  - Effective: 2024-02-20
  source text: On February 20, 2024, Inseego Corp. (the “Company”) entered into a fourth amendment (the “Fourth Amendment”) of the Company’s Loan and Security Agreement (the “Credit Agreement”) with Siena Lending Group LLC, as lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022652/000168316824001098/0001683168-24-001098-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.