secwatch.observer — SEC 8-K summary
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Issuer:     INSEEGO CORP. (INSG)
CIK:        0001022652
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001683168-24-007894
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inseego Q3 revenue $54M cont ops, net income $9M; sells telematics for $52M, restructures 91% of convertible debt
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- Q3 revenue from continuing ops $54.0M (+31% YoY); total revenue incl. discontinued ops $61.9M; GAAP net income $9.0M.
- Adjusted EBITDA from continuing ops $6.7M (+230% YoY); total adjusted EBITDA $9.3M.
- Agreed to sell telematics business for $52M cash; closing expected Q4 2024.
- Restructured 91% of $162M convertible notes via exchange for equity and $41M new senior secured debt; net debt pro forma ~$50M.
- Q4 guidance: revenue from continuing ops $43M-$47M, adj EBITDA $3M-$4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022652/000168316824007894/0001683168-24-007894-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022652/000168316824007894/inseego_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-007894

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