Inseego Q1 revenue $45M, Adj. EBITDA $3.8M; Q2 guidance significantly ahead

INSEEGO CORP.

2024-Q1 EPS reported -$0.44 revenue$45,009,000

Q1 revenue $45.0M, GAAP net loss $4.5M ($0.44 loss per share), Adjusted EBITDA positive $3.8M.
Cash increased $4.8M in Q1 to $12.3M; ABL facility voluntarily paid off and terminated in April.
Q2 guidance: revenue $52M-$56M, Adjusted EBITDA $6.5M-$7.5M (significantly ahead of Q1).
Non-GAAP gross margin improved YoY to 38.7% from 36.2% on higher-margin product mix.

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 0.95

INSEEGO CORP. reported the quarter ended March 31, 2024 results: revenue $45.0 million, net income $4.5 million, EPS $(0.44) per share. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $45.0 million
Net income: $4.5 million
EPS: $(0.44) per share
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

DATED MAY 9, 2024.) --- EX-99.1 2 inseego_ex9901.htm PRESS RELEASE DATED MAY 9, 2024. Exhibit 99.1 Inseego Reports First Quarter 2024 Financial Results Q1 2024 revenue of $45.0 million Q1 2024 GAAP Net Loss of $4.5 million and positive Adjusted EBITDA of $3.8 million Fifth consecutive quarter of positive Adjusted EBITDA SAN DIEGO—May 9, 2024 —Inseego Corp.

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Source: SEC EDGAR

accession 0001683168-24-003164

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