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Inseego Corp (INSG)
NASDAQ:INSG
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.36Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 0.00%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant revenue growth and successful debt restructuring in 2024, with strategic plans to expand in the wireless broadband market. However, challenges such as an expected Q1 2025 revenue decline and specific revenue challenges in the Fixed Wireless Access segment were noted.Company Guidance
During the call, Inseego Corp provided guidance for the first quarter of 2025, expecting total revenue to range between $30 million and $33 million and adjusted EBITDA between $2 million and $3 million. The company anticipates a sequential decline in Q1 revenue due to higher-than-anticipated customer inventory at year-end, product transitions, and a promotional initiative that was more robust in the latter half of 2024. However, Inseego remains optimistic about achieving year-over-year revenue growth in 2025, driven by initiatives to introduce new products and expand their customer base. In Q4 2024, Inseego reported a revenue of $48.1 million, a 34% increase from the previous year, with strong performance in carrier hotspot products and services. They also noted a 37.4% non-GAAP gross margin for Q4, marking a 260 basis point improvement from Q3 2024.Strong Revenue Growth in Q4 2024
Inseego achieved 34% year-over-year revenue growth in Q4, marking the third consecutive quarter of positive GAAP operating income.
Expansion in Software and Services
Inseego's Inseego Subscribe SaaS offering grew by 62% year-over-year in Q4 2024, contributing to a 40% year-over-year growth in services revenue for the full year.
Successful Debt Restructuring
The company reduced its total debt from over $165 million at the beginning of 2024 to $56 million by the end of the year, with a healthy cash position of $40 million.
Strategic Focus on Wireless Broadband
Inseego is focusing on expanding its Fixed Wireless Access (FWA) and MiFi businesses, with plans to accelerate the software and services roadmap.
Positive Adjusted EBITDA
Q4 2024 adjusted EBITDA was $5.4 million, more than double the prior year quarter, with an adjusted EBITDA margin of 11.2%.
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INSG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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INSG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $11.82 | ― | ― |
| Nov 12, 2024 | $18.16 | $10.83 | -40.36% |
| Aug 07, 2024 | $7.97 | $9.85 | +23.59% |
| May 09, 2024 | $3.84 | $5.03 | +30.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Inseego Corp (INSG) report earnings?
Inseego Corp (INSG) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Inseego Corp (INSG) earnings time?
Inseego Corp (INSG) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INSG EPS forecast?
INSG EPS forecast for the fiscal quarter 2025 (Q1) is <0.01.
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