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Inseego Corp (INSG)
NASDAQ:INSG
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.02Last Year’s EPS
-$0.46Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -40.47%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook for Inseego, with strong financial results, successful debt restructuring, and strategic asset divestiture. While there are challenges with declines in fixed wireless access revenue and anticipated seasonal declines in Q4, the company is well-positioned for future growth and profitability.Company Guidance
During the Q3 2024 earnings call for Inseego Corp., executives provided a comprehensive overview of the company's strong financial performance and strategic initiatives. The company reported total revenue of $61.9 million, marking a 27% increase year-over-year and surpassing their guidance. This growth was driven by a 43% year-over-year increase in mobile solutions revenue and a 33% rise in services and other revenue, attributed mainly to carrier promotions and contract renewals for their SaaS platform. Adjusted EBITDA reached $9.3 million, yielding a margin of 15%, the highest in years, supported by effective cost management. The company also completed a significant debt restructuring, reducing long-term debt to $41 million from over $160 million a year ago. Additionally, Inseego divested its non-core international Telematics business for $52 million, which will enhance liquidity and focus on U.S. 5G wireless connectivity. Looking forward, Inseego anticipates continued growth in revenue and adjusted EBITDA, with Q4 2024 revenue expected between $43 million and $47 million, and adjusted EBITDA projected between $3 million and $4 million.Strong Financial Performance
Inseego reported Q3 2024 revenue of $61.9 million, a 27% increase year-over-year, driven by strong carrier promotions and SaaS platform growth.
Debt Restructuring and Capital Structure Improvement
The company completed a major debt restructuring, reducing its long-term debt to $41 million from over $160 million a year ago, significantly improving its capital structure.
Telematics Asset Divestiture
Inseego signed an agreement to sell its non-core international Telematics Business for $52 million, enhancing liquidity and focus on U.S. 5G wireless connectivity.
Record Adjusted EBITDA
Achieved an adjusted EBITDA of $9.3 million, more than double the prior year quarter, with a record high adjusted EBITDA margin of 15%.
Future Growth Opportunities
Continued investment in a strong product roadmap and channel expansion, with expectations of continued revenue and adjusted EBITDA growth.
Elimination of Going Concern Risk
Successfully eliminated the going concern risk due to improved capital structure and cash flow generation.
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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 |
|---|---|---|---|
| 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% |
| Feb 21, 2024 | $3.13 | $2.74 | -12.46% |
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 Mar 04, 2025, TBA Not Confirmed.
What is Inseego Corp (INSG) earnings time?
Inseego Corp (INSG) earnings time is at Mar 04, 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 2024 (Q4) is $0.02.
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