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.
Inseego terminates ABL facility, pays ~$3M, eliminates $1.9M annual interest/fees
Voluntarily paid off and terminated $8.5M asset-backed loan facility with Siena Lending Group.
Inseego reports Q4 rev $42.8M, Adj EBITDA $4.1M; CEO Sharma resigns, Brace named Exec Chairman
Q4 rev $42.8M; GAAP net loss $14.3M ($1.28/shr); Adj EBITDA $4.1M.
Inseego Q3 revenue $48.6M, net loss $21.8M; guides Q4 revenue $40-42M
Revenue $48.6M, GAAP net loss $21.8M ($0.19/share), adjusted EBITDA positive $4.0M.
Nasdaq granted temporary exception to Bid Price Rule compliance until March 15, 2024.
Inseego receives Nasdaq delisting notice; appeals with reverse split plan
Nasdaq notified Inseego on Sep 21, 2023, of non-compliance with $1 minimum bid price requirement; delisting determination issued.
Inseego shareholders approve reverse stock split (1:5-1:10) and double authorized shares to 300M
Elected James B. Avery and Jeffrey Tuder as directors with ~39.8M and ~40.1M votes for, respectively.
Inseego Q2 revenue $53.6M, adjusted EBITDA $4.5M; FWA revenue up >50% sequentially
GAAP net loss $4.9M ($0.05 per share); non-GAAP net loss $0.02 per share.
Inseego Q1 2023 revenue $50.8M, adjusted EBITDA $4.1M, gross margin 36%
Revenue $50.8M; GAAP net loss $5.1M ($0.05 per share); non-GAAP net loss $0.02 per share.
Inseego receives Nasdaq delisting notice for bid price below $1.00
Received Nasdaq notice on March 24, 2023 for failure to maintain minimum bid price of $1.00 per share for 30 consecutive business days.
Inseego Q4 2022 net loss $15.3M; FWA revenue up 122% YoY
Q4 net revenue $52.9M, GAAP net loss $15.3M ($0.14 loss per share), adjusted EBITDA -$3.0M.
Inseego Q3 net loss $15.7M, revenue $69.2M; expects cash breakeven Q1 2023
Net revenue $69.2M, GAAP net loss $15.7M ($0.15/share), non-GAAP loss $0.11/share.
Inseego enters $50M asset-backed revolving credit facility, draws $4.5M upfront
Credit facility matures Dec 31, 2024; interest rates based on Prime or SOFR plus applicable margin (2.50%-5.50%).
Inseego Q2: revenue $61.9M, GAAP net loss $0.12/sh, gross margin up to 29.5%, $50M credit facility
Q2 net revenue $61.9M; GAAP net loss $12.4M ($0.12/sh); adjusted EBITDA -$1.0M; non-GAAP EPS -$0.09.
Inseego Q1 revenue $61.4M, GAAP net loss $0.24/share; 5G revenue up 142% YoY
Net revenue $61.4M; GAAP operating loss $21.8M; GAAP net loss $25.9M ($0.24 EPS).
Inseego reports Q4 net loss $0.11 per share, revenue $72.9M; appoints Ashish Sharma CEO
Q4 revenue $72.9M, GAAP net loss $11.4M ($0.11 EPS), adjusted EBITDA negative $1.2M.
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.
the Company’s board of directors (the “Board”) appointed Philip G. Brace, a member of the Board, to the newly-created role of Executive Chairman, effective as of February 19, 2024 and to continue until the earlier of six (6) months or a permanent chief executive officer and president is hired.
Ashish Sharma resigned as Chief Executive Officer and President of the Company, to be effective as of February 23, 2024.
On September 15, 2023, the board of directors (the “Board”) of Inseego Corp. (the “Company”) approved an increase in the size of the Board from five to six members, and appointed Philip G. Brace 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 September 18, 2023.
has appointed Steven Gatoff as Chief Financial Officer of the Company, effective September 14, 2023
to replace Robert G. Barbieri, who is leaving the Company to pursue other interests.
The Board of Directors of Inseego Corp. (the “Company”) has appointed Ashish Sharma as President & Chief Executive Officer of the Company, effective at the close of business on March 1, 2022.
Max materiality 0.95 · Median 0.70 · Most common event earnings