secwatch.observer — SEC 8-K summary
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Issuer:     INSEEGO CORP. (INSG)
CIK:        0001022652
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001683168-24-001098
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022652/000168316824001098/0001683168-24-001098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022652/000168316824001098/inseego_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001098

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer