Inseego Q4 2024 revenue $48.1M, beats guidance; Adj EBITDA $5.4M; debt cut to $56M

INSEEGO CORP.

2024-FY EPS reported $0.10 revenue$191,244,000

Q4 revenue of $48.1M, up 34% YoY from continuing ops, above guidance of $43-47M; GAAP operating income $1.7M.
Adjusted EBITDA of $5.4M (11% margin), versus guidance $3-4M; full-year Adj EBITDA $20.5M.
Completed $52.7M telematics sale and restructured 91% of 2025 convertible notes, reducing total debt from $166M to $56M.
Appointed Juho Sarvikas (ex-Qualcomm President) as CEO effective Jan 6, 2025.
Q1 2025 guidance: revenue $30-33M, Adj EBITDA $2-3M, reflecting seasonal headwinds.

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