Highest-materiality recent filing
Inseego Q1 revenue $34.3M, Adj EBITDA $1.8M; to acquire Nokia’s FWA business
Q1 revenue $34.3M (+8.4% YoY); GAAP net loss $4.5M; Adj EBITDA $1.8M (margin 5.1%).
Inseego acquires Nokia's FWA business; revenue expected to roughly double
Purchase consideration: 1,163,693 shares of INSG and warrants for 521,139 shares at $12.89.
Inseego Q4 revenue $48.4M beats guidance; Adj EBITDA $6.0M; retires preferred stock at 38% discount
Q4 revenue $48.4M (+5.5% QoQ); Adj EBITDA $6.0M (12.4% margin); GAAP net income $0.5M.
Inseego retires all Series E preferred stock at 38% discount via $26M mix of cash, stock, and notes
Retired $42M liquidation value Preferred Stock for $26M aggregate consideration, a 38% discount.
Inseego beats Q3 guidance; revenue $45.9M, Adj EBITDA $5.8M, guides Q4 $45-48M
Q3 revenue $45.9M (+14% sequential) and Adj EBITDA $5.8M (+22% sequential); GAAP net income $1.4M.
Inseego appoints Stephen Bye and Nabil Bukhari to board, expanding size to eight
Stephen Bye (CEO of Ookla) and Nabil Bukhari (President of AI Platforms at Extreme Networks) join as independent directors.
Elected directors Miller (6.36M for) and Mulhern (6.43M for); 3.95M broker non-votes.
Inseego Q2 revenue $40.2M (+27% seq), Adj EBITDA $4.7M; guides Q3 rev $40-43M
Revenue of $40.2M (up 27% sequentially), GAAP net income $0.5M, Adjusted EBITDA $4.7M (beat Q2 guidance of $2.5-3.5M).
Inseego Q1 revenue $31.7M, Adj EBITDA $3.7M; repays $15M convertible debt; guides Q2 rev $37-40M
Q1 revenue $31.7M, GAAP net loss $1.6M; Adj EBITDA $3.7M (11.6% margin).
Inseego appoints George Mulhern, former Cradlepoint CEO, to Board of Directors
George Mulhern appointed as independent director effective April 30, 2025; board expands from five to six members.
Inseego repays ~$15M remaining 2025 convertible notes; total debt reduced ~75% over past year
Repaid approx. $15M remaining balance on 3.25% convertible notes due 2025.
Inseego replaces Marcum with CBIZ as auditor; no prior disagreements
Marcum resigned as independent auditor April 10, 2025; Audit Committee engaged CBIZ same day.
Inseego Q4 2024 revenue $48.1M, beats guidance; Adj EBITDA $5.4M; debt cut to $56M
Q4 revenue of $48.1M, up 34% YoY from continuing ops, above guidance of $43-47M; GAAP operating income $1.7M.
Inseego Chairman Phil Brace resigns to become Skyworks CEO; Jeff Tuder named Chairman
Philip Brace resigned as Executive Chairman and Board member effective Feb 5, 2025 to become CEO of Skyworks Solutions (Nasdaq: SWKS).
Inseego appoints Juho Sarvikas (ex-Qualcomm) as CEO and Brian Miller to board
Juho Sarvikas, former Qualcomm North America President, appointed CEO effective Jan 6, 2025; base salary $500k and 75% target bonus.
Form S-1 registers shares for noteholders who exchanged 3.25% convertible notes due 2025 as part of completed debt reduction and capital structure overhaul.
Inseego completes sale of telematics business for $52M cash; repays $6M loan
Sold global telematics business (UK, EU, Australia, NZ) to Ctrack Holdings for $52 million all-cash.
Q3 revenue from continuing ops $54.0M (+31% YoY); total revenue incl. discontinued ops $61.9M; GAAP net income $9.0M.
Inseego reduces 91% of 2025 convertible notes via exchange for equity and new secured debt
Completed exchange of $91.5M face value of 2025 convertible notes for 2.4M shares, $40.9M new 9% senior secured notes due 2029, and warrants.
Inseego designates James McClaskey as Principal Accounting Officer
James Paul McClaskey, VP & Chief Accounting Officer since Dec 2023, designated as Principal Accounting Officer effective Sept 30, 2024.
Inseego stockholders elect director, ratify auditor, approve equity plan increases
Christopher Harland elected director with 3,434,534 votes for, 411,231 withheld, 4,232,569 broker non-votes.
Inseego sells telematics business for $52M; proceeds to repay debt, focus on 5G
Sale of telematics operations in UK, EU, Australia, New Zealand to Convergence Partners affiliate for $52M in cash.
Prepaid $9.5M (49% of short-term loan) under Loan Agreement; outstanding reduced to $10M.
Inseego Q2 rev $59.1M, GAAP net income $0.6M, restructures 88% of convertible notes
Q2 2024 revenue $59.1M, GAAP net income $0.6M, positive Adj EBITDA $8.4M.
Inseego extends Philip G. Brace as Executive Chairman for six months
Appointment extended for 6-month term, auto-renewing unless 10-day non-renewal notice.
Inseego repurchases $4.7M of 2025 notes with stock and warrants; now retired 83.7% of notes
Issued 349,740 shares and warrants for 236,074 shares at $13.37 exercise price to repurchase $4.7M of 2025 convertible notes.
Inseego restructures ~$125M of convertible notes: repurchase, loan, and exchange transactions
Bought back $45.9M face value of 3.25% convertible notes from Highbridge at 30% discount for $32.1M cash.
Inseego Q1 revenue $45M, Adj. EBITDA $3.8M; Q2 guidance significantly ahead
Q1 revenue $45.0M, GAAP net loss $4.5M ($0.44 loss per share), Adjusted EBITDA positive $3.8M.
appointed George Mulhern as a non-employee director to fill the vacancy created by the increase in the size of the Board, with such appointment effective as of April 30, 2025.
Effective February 5, 2025, Philip Brace resigned from the board of directors (the “Board”) of Inseego Corp. (“Inseego” or the “Company”) and as Executive Chairman of the Company, in order to serve as Chief Executive Officer and as a board member of Skyworks Solutions, Inc. (Nasdaq: SWKS), an S&P 500 company.
Mr. Sarvikas was also appointed as a member of the Board.
The board of directors (the "Board) of Inseego Corp. ("Inseego" or the "Company") has appointed Juho Sarvikas as Chief Executive Officer of the Company, effective January 6, 2025.
on September 30, 2024, the Board of Directors of Inseego Corp. (the “Company”) designated Mr. McClaskey as the Company’s Principal Accounting Officer, reporting-in to the Company’s Chief Financial Officer, Steven Gatoff.
On June 30, 2024, Stephanie Bowers resigned as a member of the board of directors (the “Board”) of the Company, including from her position on the Nominating and Corporate Governance Committee, effective immediately.
Max materiality 0.95 · Median 0.75 · Most common event earnings