secwatch.observer — SEC 8-K summary
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Issuer:     INSEEGO CORP. (INSG)
CIK:        0001022652
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001683168-24-003164
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022652/000168316824003164/0001683168-24-003164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022652/000168316824003164/inseego_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-003164

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