earnings
confidence high
sentiment positive
materiality 0.85
Inseego Q2 rev $59.1M, GAAP net income $0.6M, restructures 88% of convertible notes
INSEEGO CORP.
2024-Q2 EPS reported
-$0.46
revenue$104,158,000
- Q2 2024 revenue $59.1M, GAAP net income $0.6M, positive Adj EBITDA $8.4M.
- Gross margin improved to 39.0% from 35.7% YoY on revenue mix shift.
- Restructured ~$142M (88%) of $162M convertible notes via repurchase/exchange.
- Q3 guidance: revenue $54-58M, Adj EBITDA $6.5-7.5M.
- Appointed David Markland as CPO, Dean Antonilli SVP Sales, Sal Aroon VP Ops.