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 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 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 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.
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 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 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