Company completes key capital structure management milestone in paying off remaining balance of approximately $15 million on convertible notes due 2025SAN DIEGO, May 01, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG) (the “Company”), a global leader in wireless broadband, including 5G mobile broadband, and 5G fixed wireless access (FWA) solutions, today announced that it has completed a major milestone in its overhaul of the Company’s capital structure by paying-off the remaining balance of approxima ...

SAN DIEGO, April 22, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (NASDAQ:INSG), a global leader in wireless broadband, including 5G mobile broadband, and 5G fixed wireless access (FWA) solutions, today announced that four of its industry-leading products have earned the "Verizon Frontline-Verified" designation. This recognition demonstrates that Inseego's solutions provide the reliability and performance required for public safety networks, ensuring connectivity priority, preemption, and traffic segmentation for ...

Inseego delivers the resilient and high-performance solutions today’s first responders need to keep the public safeSAN DIEGO, April 22, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG), a global leader in wireless broadband, including 5G mobile broadband, and 5G fixed wireless access (FWA) solutions, today announced that four of its industry-leading products have earned the "Verizon Frontline-Verified" designation. This recognition demonstrates that Inseego’s solutions provide the reliability and perfo ...

SAN DIEGO, April 17, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises and SMBs, today announced that the company will release its financial results for the first quarter of 2025, ended March 31, 2025, after the financial markets close on May 8, 2025. The financial statements and earnings press release will be made available at www.inseego.com and will be filed under Inseego’s profile on ...

T-Mobile product innovator is Inseego’s latest leadership addition, driving carrier-focused product innovation and strengthening its market position Ryan Sullivan Senior Vice President of Carrier Product Management, Inseego SAN DIEGO, April 15, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG), a global leader in wireless broadband, 5G mobile, and fixed wireless access (FWA) solutions, today announced the appointment of Ryan Sullivan as Senior Vice President of Carrier Product Management. With over t ...

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SAN DIEGO, March 10, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG) (“Inseego” or the “Company”), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, will participate in the 37th Annual Roth Conference, taking place March 16-18, 2025, at the Laguna Cliffs Marriott Resort & Spa in Dana Point, California. Inseego Chief Executive Officer Juho Sarvikas and Chief Financial Officer Steven Gatoff will take part in a fireside chat mod ...

Core Insights - Inseego Corp. has unveiled its next-generation portfolio of 5G Advanced Mobile Broadband and Fixed Wireless Access (FWA) solutions, leveraging Qualcomm's Dragonwing™ FWA Gen 4 Elite platform, positioning itself as a leader in AI-driven 5G connectivity [1][2][3] Product Launch and Features - The company showcased the FX5000 cellular router, which completed its first live data call, as part of its strategy to scale the FWA business and target enterprise and industrial segments [2][3] - Inseego also introduced the M5000 5G Advanced MiFi® mobile hotspot, featuring the Qualcomm® X85 5G Modem-RF System, aimed at providing secure and reliable mobile broadband experiences [3] Technological Advancements - The new 5G Advanced solutions incorporate AI features, enhancing connectivity and user experiences, and enabling next-generation applications that require efficient communication [4] - Key benefits include download speeds exceeding 11 Gbps and upload speeds over 3.7 Gbps, with support for up to 6 CC carrier aggregation in 5G Sub6, optimizing spectrum utilization [5] - Enhanced Wi-Fi traffic management and AI-driven data prioritization improve network performance and user experience [5] Strategic Vision - The company aims to solidify its leadership as a wireless broadband partner for mobile operators and businesses, capitalizing on advancements in both devices and networks as 5G evolves towards 6G [3][4] - Inseego Connect™, a cloud-based device management platform, offers businesses enhanced visibility and control over their mobile broadband and FWA devices, promoting flexibility and scalability [5]

Core Insights - Inseego Corp. has unveiled its next-generation portfolio of 5G Advanced Mobile Broadband and Fixed Wireless Access (FWA) solutions, leveraging Qualcomm's Dragonwing™ FWA Gen 4 Elite platform, positioning itself as a leader in AI-driven 5G connectivity [1][2][3] Product Launch and Features - The company showcased the FX5000 cellular router, which completed its first live data call, as part of its strategy to scale the FWA business and target enterprise and industrial segments [2][3] - Inseego also introduced the M5000 5G Advanced MiFi® mobile hotspot, featuring the Qualcomm® X85 5G Modem-RF System, aimed at providing secure and reliable mobile broadband experiences [3][4] Technological Advancements - The new 5G Advanced solutions incorporate AI features, enhancing connectivity and user experiences, and enabling next-generation applications that require efficient communication [4][5] - Key benefits include download speeds exceeding 11 Gbps and upload speeds over 3.7 Gbps, with support for up to 6 CC carrier aggregation in 5G Sub6, optimizing spectrum utilization [5] - Enhanced Wi-Fi traffic management and AI-driven data prioritization improve network performance and user experience [5] Strategic Vision - The company aims to solidify its leadership as a wireless broadband partner for mobile operators and businesses, capitalizing on advancements in both devices and networks as 5G evolves towards 6G [3][4] - Inseego Connect™, a cloud-based device management platform, offers businesses enhanced visibility and control over their mobile broadband and FWA devices, promoting flexibility and scalability [5]

Financial Data and Key Metrics Changes - In Q4 2024, total revenue reached $48.1 million, representing a year-over-year increase of over 33% [38] - For the full year 2024, revenue was $191.2 million, reflecting a year-over-year growth of 14.3% [41] - Non-GAAP gross margin for Q4 2024 improved to 37.4%, up 260 basis points from Q3 2024 and nearly 200 basis points from Q4 2023 [42] - Adjusted EBITDA for Q4 2024 was $5.4 million, more than double the prior year quarter, with an adjusted EBITDA margin of 11.2% [44] - The company ended 2024 with $56 million in total debt and a cash position of $40 million, significantly improved from the start of the year [46] Business Line Data and Key Metrics Changes - Mobile solutions revenue grew over 59% year-over-year, driven by strong performance in carrier hotspot products [39] - Services and other revenue, including the Inseego Subscribe SaaS offering, increased by 62% year-over-year [39] - Fixed Wireless Access (FWA) revenue saw a slight year-over-year decline but increased sequentially from Q3 2024 [40] Market Data and Key Metrics Changes - The wireless broadband market is expected to grow significantly, with 2 billion 5G connections currently and projections of over 10 billion by the end of the decade [11] - Fixed Wireless Access is identified as the fastest-growing broadband technology in the US, leading net additions over the past 18 months [12] Company Strategy and Development Direction - The company aims to focus on scaling its FWA and MiFi businesses while accelerating its software and services roadmap [19] - Plans include evolving the product roadmap to align better with carrier requirements and expanding into higher volume market segments [20][21] - The company is committed to enhancing its software offerings, particularly through the Inseego Connect platform, to drive recurring revenue [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term growth despite a challenging start to 2025, anticipating sequential revenue growth beginning in Q2 2025 [52] - The wireless broadband industry operates on long cycles, with the full impact of current strategies expected to materialize in late 2025 and 2026 [30] - Management highlighted the importance of maintaining strong relationships with large wireless broadband customers and the potential for new product introductions [28][29] Other Important Information - The company successfully divested its Telematics business for $52 million, which is expected to support future growth initiatives [36] - The restructuring of convertible notes has significantly reduced overall debt levels, improving liquidity [46] Q&A Session Summary Question: Clarification on inventory and growth guidance for 2025 - Management confirmed expectations for revenue growth in 2025, despite a slow start in Q1 due to inventory management and product transitions [58][59] Question: Sources of growth in the second half of 2025 - Management indicated growth would come from product refreshes and expansion into new market segments, including industrial applications [64] Question: Customer relationships and market engagement - Management emphasized existing relationships with major players in broadband and the ongoing efforts to convert opportunities into revenue [79] Question: Procurement and supply chain improvements - Management noted that while some benefits from procurement changes may take time, immediate improvements are expected as revenue grows [81] Question: Future asset mix and divestitures - Management stated that while the focus is on becoming a leading provider in mobile and fixed broadband, inorganic opportunities will be considered thoughtfully [85]