Core Insights - Inseego Corp. has announced the next generation of its cloud-based SaaS BSS platform, Inseego Subscribe, aimed at helping service providers effectively compete for complex enterprise and government customers [1][3] Group 1: Platform Features and Benefits - Inseego Subscribe is designed to help service providers economically manage the lifecycle of complex enterprise and government wireless customers, enabling efficient sales, onboarding, and operations [2][3] - The platform reduces customer acquisition costs, accelerates sales cycles, increases revenue, improves retention, and lowers ongoing support costs for high-value accounts [3][4] - It offers self-service capabilities for enterprise administrators, allowing them to manage governance, compliance, and operational controls without ongoing provider intervention [6] Group 2: Enhancements and Innovations - The updated release features a streamlined user experience with a redesigned UX that simplifies quoting, selling, and managing enterprise services through a CPQ-style interface [7] - Inseego Subscribe digitizes government contract line items, automating complex workflows and enabling service providers to scale SLED and Federal programs more efficiently [8] - A new API layer simplifies integration with carrier environments, reducing the time and effort required for onboarding new service providers [9][10] Group 3: Strategic Positioning - Inseego Subscribe is part of Inseego's evolution into a cloud-first wireless edge platform, combining subscriber lifecycle management with connectivity, security, and network management [12] - The platform is designed to turn enterprise cellular connectivity into a strategic advantage for service providers, enhancing their ability to deliver wireless solutions across various sectors [12] Group 4: Availability and Future Plans - The new version of Inseego Subscribe is set to be available in the second half of the year, with plans to showcase the platform at Mobile World Congress 2026 [13]

For the full year 2025, Inseego reported revenue of $166.2 million , non-GAAP gross margin of 43% , and Adjusted EBITDA of $20.1 million (a 12.1% margin). Gatoff said the full-year gross margin level was the highest, on an apples-to-apples basis, in more than a decade.Non-GAAP operating expenses: $17.0 million, or 35% of revenue, reflecting investments in sales and marketing and R&D to support Tier 1 execution and new product launches.Gatoff said Q4 revenue was driven by higher mobile volumes, increased cha ...

Financial Performance - Total revenues for the year ended December 31, 2025 were $166.2 million, a decrease of $25.1 million, or 13.1%, compared to 2024 [217]. - Mobile solutions revenues decreased by $31.0 million, or 31.3%, primarily due to decreased sales with a carrier partner [217]. - Fixed wireless access solutions revenues increased by $2.1 million, or 4.4%, due to increased sales of current generation products [218]. - Gross profit for 2025 was $71.0 million, with a gross margin of 42.7%, compared to $68.8 million and 36.0% in 2024 [222]. - Total cost of revenues for 2025 was $95.2 million, or 57.3% of revenues, down from $122.4 million, or 64.0% in 2024 [219]. - Research and development expenses for 2025 were $19.8 million, or 11.9% of revenues, compared to $20.6 million, or 10.8% in 2024 [224]. - Sales and marketing expenses increased to $17.4 million, or 10.5% of revenues, from $16.0 million, or 8.3% in 2024 [225]. - General and administrative expenses rose to $20.8 million, or 12.5% of revenues, compared to $17.2 million, or 9.0% in 2024 [226]. - The company's net cash provided by operating activities for the year ended December 31, 2025 was $7.2 million, a decrease from $33.5 million in 2024 [243]. - The company reported a net cash outflow of $8.6 million in investing activities for the year ended December 31, 2025, primarily related to software development [247]. - The company incurred a net loss from continuing operations of $14.4 million in 2024, which was offset by non-cash charges [246]. - The company has a history of operating and net losses, impacting its ability to maintain profitable operations [241]. Liquidity and Capital Resources - As of December 31, 2025, the company had cash and cash equivalents totaling $24.9 million and positive working capital of $15.6 million [235]. - The company entered into a $15.0 million secured asset-backed revolving credit facility on August 5, 2025, maturing on August 5, 2028 [236]. - As of December 31, 2025, the company had $14.5 million available to borrow under the Working Capital Facility, with no outstanding borrowings [238]. - The company had a principal balance of $40.9 million in outstanding borrowings under the 2029 Senior Secured Notes as of December 31, 2025 [256]. - Future payments under non-cancellable purchase obligations as of December 31, 2025 were approximately $101.2 million [244]. - The company repaid the remaining $14.9 million principal balance of the 2025 Convertible Notes during the year ended December 31, 2025 [249]. Business Operations and Strategy - The company repurchased 25,000 shares of Preferred Stock with a liquidation value of $42 million for approximately $26 million, representing a 38% discount [194]. - The company exchanged $146.9 million of outstanding principal of the 2025 Convertible Notes for $33.8 million in cash and 2.9 million shares of common stock, significantly improving liquidity [196]. - The company divested its Telematics Business for approximately $52 million in cash, focusing on its core 5G wireless solutions business [198]. - The company’s mobile broadband devices, sold under the MiFi brand, are actively used by millions of end users, indicating strong market penetration [201]. - The company’s fixed wireless access solutions are deployed by enterprise and SMB customers, enhancing its market presence in corporate managed wireless solutions [202]. - A substantial majority of software services revenue comes from the SaaS CSP wireless subscriber lifecycle management solution, indicating a strong recurring revenue stream [203]. Market and Economic Factors - The company’s future revenues may be influenced by the availability of materials and components used in hardware products, highlighting supply chain risks [204]. - The company’s operating results are affected by macroeconomic factors, including inflation and consumer spending confidence, which could impact revenue and profit margins [212]. - The company faces competition in the area of 5G technology and must adapt to changes in technologies to maintain market relevance [213]. - A worldwide shortage of memory chips could impact operations if adequate supply cannot be secured, potentially affecting product pricing and margins [214]. - For the fiscal year ended December 31, 2025, sales denominated in foreign currencies were approximately 0.9% of total revenue [260]. - A hypothetical 10% change in foreign currencies would have increased or decreased the company's revenue by approximately $0.1 million [260].

分组1 - Inseego reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, and showing an increase from $0.04 per share a year ago, resulting in an earnings surprise of +71.43% [1] - The company achieved revenues of $48.4 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.54% and showing growth from $48.09 million year-over-year [2] - Inseego has surpassed consensus EPS estimates three times over the last four quarters, indicating a positive trend in earnings performance [2] 分组2 - The stock has underperformed the market, losing about 3.6% since the beginning of the year, while the S&P 500 has gained 0.5% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $41.5 million, and for the current fiscal year, it is $0.37 on revenues of $190.11 million [7] - The Zacks Industry Rank for Internet - Software is in the top 36% of over 250 Zacks industries, suggesting a favorable outlook for the industry [8]

Inseego (NasdaqGS:INSG) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsJuho Sarvikas - CEOSteven Gatoff - CFOConference Call ParticipantsChristian Schwab - AnalystLance Vitanza - AnalystScott Searle - AnalystTyler Burmeister - AnalystOperatorHello, and welcome to Inseego Corp.'s fourth quarter 2025 financial results conference call. Please note that today's event is being recorded. All participants today will be in a listen-only mode. Should you need assistance, please signal a conf ...

Financial Data and Key Metrics Changes - In Q4 2025, the company generated revenue of $48.4 million and Adjusted EBITDA of $6 million, both exceeding guidance and marking the third consecutive quarter of sequential growth in each metric [3][24] - For the full year 2025, total revenue was $166.2 million, reflecting sequential quarterly momentum throughout the year [24][25] - Non-GAAP gross margin in Q4 2025 was 43%, up 75 basis points sequentially, and for the full year, it was also 43%, the highest level in over a decade [25][26] - Adjusted EBITDA for the full year 2025 was $20.1 million, representing a 12.1% margin [26] Business Line Data and Key Metrics Changes - Mobile revenue in Q4 2025 increased 27% sequentially to $20.4 million, representing approximately 40% of total company revenue [8][24] - Fixed Wireless Access (FWA) revenue was up 50% year-over-year in Q4, driven by a diversified carrier customer base and solid channel activity [24] - Software services revenue was $12 million in Q4, providing a stable, high-margin contribution [24] Market Data and Key Metrics Changes - The company expanded its Tier 1 carrier footprint for FWA, securing awards with AT&T and Verizon, marking a significant inflection point for the business [7][8] - Industry forecasts project North America Enterprise FWA service revenue to grow at a 37% compound annual rate through 2030, expanding from roughly $2 billion to more than $11 billion [15][16] Company Strategy and Development Direction - The company is focused on building an enterprise wireless broadband platform that combines cellular-first connectivity with intelligence, manageability, and scalability [4] - Five strategic priorities include scaling carrier revenue, evolving into a solutions company, expanding customer base, maintaining financial discipline, and building a world-class management team [5][19] - The company plans to introduce four new products in the first half of 2026, including new MiFi products and an entry-tier enterprise FWA offering [17][18] Management's Comments on Operating Environment and Future Outlook - The management expressed optimism for 2026, highlighting a strong market backdrop with increasing enterprise demand for resilience and always-on connectivity [15][16] - The company anticipates a front-loaded year in 2026 with multiple carrier launches and product introductions in Q1 [19][22] - Management acknowledged challenges in Q1 due to engineering delays and inventory adjustments but remains confident in the overall growth trajectory [21][30] Other Important Information - The company retired all preferred stock at a significant discount, enhancing long-term flexibility and stockholder value [3][28][29] - The management team has been strengthened, adding depth across various operational areas to support future growth [14] Q&A Session Summary Question: Can you elaborate on the memory market dynamics and its impact? - Management indicated they have secured supply and do not foresee significant impacts on deployments, having locked in modest price increases for products [20][38] Question: What is the visibility on the 2026 guidance and expected EBITDA margins? - Management expects Q2 to ramp significantly, with EBITDA margins improving in the second half of the year [39][40] Question: How does the competitive landscape look for mobile hotspots in 2026? - Management is optimistic about consolidating market share with all three major carriers launching new mobile products [41][43] Question: Will the FWA side of the business contribute more to growth in 2026? - Both mobile and FWA are expected to grow, with FWA likely having a larger contribution due to portfolio expansion [49][51] Question: What are the expectations for MSO and distribution channel contributions? - Management anticipates meaningful contributions from MSOs and VARs as discussions progress throughout the year [53][54] Question: Is there potential for software revenue growth with new customers? - Management sees opportunities for expanding software services, particularly in government sectors [61][62] Question: How will having Verizon back in the fold affect visibility? - Management believes having all three carriers will provide reasonable expectations for growth, though initial growth rates may vary [70][72] Question: Can the company sustain double-digit revenue growth in the coming years? - Management is confident in sustaining double-digit growth, especially as new products and carrier partnerships ramp up [76][79]

Financial Data and Key Metrics Changes - In Q4 2025, the company generated revenue of $48.4 million and adjusted EBITDA of $6 million, both exceeding guidance and marking the third consecutive quarter of sequential growth in each metric [3][24] - For the full year 2025, total revenue was $166.2 million, reflecting sequential quarterly momentum throughout the year [24][25] - Non-GAAP gross margin in Q4 2025 was 43%, up 75 basis points sequentially, and for the full year 2025, it was also 43%, the highest level in over a decade [25][26] Business Line Data and Key Metrics Changes - Mobile revenue in Q4 2025 increased 27% sequentially to $20.4 million, representing approximately 40% of total company revenue [8][24] - Fixed Wireless Access (FWA) revenue in Q4 was up 50% year-over-year, driven by a diversified carrier customer base and solid channel activity, despite a sequential decline from Q3 2025 [24][25] - Software services revenue was $12 million in Q4, providing a stable, high-margin contribution [24] Market Data and Key Metrics Changes - The company expanded its tier one carrier footprint for FWA by securing awards with AT&T and Verizon, marking a significant milestone as all three U.S. tier one carriers now support Inseego's enterprise FWA offerings [6][7] - Industry forecasts project North America Enterprise FWA service revenue to grow at a 37% compound annual rate through 2030, expanding from roughly $2 billion to more than $11 billion [15] Company Strategy and Development Direction - The company is focused on building an enterprise wireless broadband platform that combines cellular-first connectivity with intelligence, manageability, and scalability [4] - Five strategic priorities include scaling carrier revenue, evolving into a solutions company, expanding customer base, maintaining financial discipline, and building a world-class management team [4][5] - The company plans to introduce four new products in the first half of 2026, including new MiFi products and an entry-tier enterprise FWA offering [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, highlighting a stronger market backdrop and increased enterprise prioritization of resilience and connectivity [15][16] - The company anticipates a front-loaded year with multiple carrier launches and product introductions in Q1 2026 [17] - Management noted that Q1 2026 is expected to be a transition quarter with lower sequential revenue due to engineering delays and inventory adjustments from a tier-one carrier [20][21] Other Important Information - The company retired all preferred stock at a 38% discount, enhancing long-term flexibility and stockholder value [27][28][29] - The balance sheet ended Q4 with $24.9 million in cash and a manageable debt balance of $41 million, approximately 2x LTM adjusted EBITDA [27] Q&A Session Summary Question: Memory market dynamics and impact on operations - Management indicated they are well-prepared for the memory market dynamics and have secured supply for the first half of the year [39][40] Question: 2026 guidance and revenue ramp - Management confirmed expectations for significant revenue growth in 2026, with Q2 expected to ramp up following a lighter Q1 [41][42] Question: Competitive landscape and product portfolio - Management highlighted the importance of having all three major carriers launching new mobile products and discussed the expansion of the product portfolio to include entry-level enterprise-grade routers [43][46] Question: Contributions from MSOs and distribution channels - Management expressed optimism about discussions with MSOs and the potential for significant contributions from VARs and MSPs in the long term [55][56] Question: Software business and customer expansion - Management noted the potential for expanding software services with new customers and highlighted the unique features of their subscriber lifecycle management platform [61][62] Question: Industry focus on enterprise FWA - Management discussed the favorable dynamics for enterprise FWA driven by higher ARPU and the shift in carrier focus towards enterprise solutions [64][66] Question: Variability of results with Verizon's involvement - Management stated that while visibility may vary, they have reasonable expectations for growth with Verizon back in the mix [71][73] Question: Long-term revenue growth sustainability - Management affirmed confidence in sustaining double-digit revenue growth over the next several years, driven by new product introductions and a diversified customer base [79][80]

Q4 2025 EARNINGS RESULTS Feb 19, 2026 Financial Profile | Strengthened Foundation & Improving Trajectory Overhauled Capital Structure Scalable Operating Model Strong Gross Margin Profile Consistent Adj. EBITDA Profitability Diversified Hardware & SaaS Revenue Mix Driving Sustainable Revenue Growth 2 Q4 2025 Financial Results | Beat Guidance In the Nov 6, 2025 Q3 2025 Earnings call, the Company issued guidance for Q4 2025. On Feb 19, 2026, financial results for Q4 2025 were reported and represent a 'beat' on ...

Exhibit 99.1 Inseego Reports Fourth Quarter and Full-Year 2025 Financial Results Q4 2025 revenue of $48.4 million, third consecutive quarter of sequential growth Q4 2025 Adjusted EBITDA* of $6.0 million and 12.4% margin and GAAP Net Income of $0.5 million Eliminated all outstanding Preferred Stock at 38% Discount SAN DIEGO—February 19, 2026—Inseego Corp. (Nasdaq: INSG) (the "Company"), a global leader in 5G mobile broadband and 5G fixed wireless access (FWA) solutions, today reported its results for the fou ...

Core Insights - Inseego Corp. reported Q4 2025 revenue of $48.4 million, marking a 5.5% sequential growth and achieving its third consecutive quarter of sequential growth [1][8] - The company achieved an Adjusted EBITDA of $6.0 million with a margin of 12.4%, and a GAAP Net Income of $0.5 million [1][8] - Inseego eliminated all outstanding Preferred Stock at a 38% discount, enhancing its balance sheet and stockholder value [2][8] Financial Highlights - Total revenue for Q4 2025 was $48.4 million, up from $48.1 million in Q3 2025 [8] - Mobile solutions revenue reached $20.4 million, reflecting a 27.4% sequential increase [8] - Adjusted EBITDA for Q4 2025 was $6.0 million, up 4.5% sequentially, with a GAAP gross margin of 42.2% [8] - The company reported a net income of $0.5 million for Q4 2025, compared to a loss of $0.6 million in Q4 2024 [8][20] Business Highlights - Inseego secured key wins with all three U.S. Tier-1 carriers, enhancing its revenue base and product portfolio [2][8] - The company saw continued traction in both Mobile and Fixed Wireless Access channels, with deployments across various sectors including healthcare and public safety [8] - Inseego deepened its channel reach by onboarding new partners, including major global IT resellers [8] Guidance - For Q1 2026, Inseego projects total revenue in the range of $33.0 million to $36.0 million and Adjusted EBITDA between $1.0 million and $2.0 million [4][8] - The full-year 2026 revenue is expected to be approximately $190 million [8]