Inseego Q1 revenue $31.7M, Adj EBITDA $3.7M; repays $15M convertible debt; guides Q2 rev $37-40M

INSEEGO CORP.

2025-Q1 EPS reported -$0.16 revenue$31,673,000

Q1 revenue $31.7M, GAAP net loss $1.6M; Adj EBITDA $3.7M (11.6% margin).
Services & Other revenue $12.0M (+49% YoY); non-GAAP gross margin 47.5% (+1210 bps).
Repaid $15M convertible stub on May 1; debt reduced $125M since Jan '24; only $41M senior secured notes remain.
Q2 guidance: revenue $37-40M, Adj EBITDA $2.5-3.5M.
Juho Sarvikas (ex-Qualcomm N.A. President) appointed CEO and Board member in Jan 2025.

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