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Inseego Corp.

Inseego Corp.

NASDAQ•INSG
CEO: Mr. Philip Gordon Brace
Sector: Technology
Industry: Communication Equipment
Listing Date: 2000-11-21
Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments worldwide. The company provides 5G and 4G mobile broadband solutions, such as mobile hotspots under the MiFi brand; and 4G VoLTE products and 4G USB modems. It also offers fixed wireless access solutions, including indoor, outdoor, and industrial routers and gateways. In addition, the company provides Inseego Connect solution for device management; and 5G SD EDGE solution for secure networking enabling corporate managed mobile remote workforce. Further, it offers SaaS solutions, including telematic and asset tracking solution that provides live maps and data to improve driver safety and performance; Inseego Subscribe, a wireless subscriber management solution for carrier's management of their government and complex enterprise customer subscriptions. The company was founded in 1996 and is based in San Diego, California.
Contact Information
9710 Scranton Road, Suite 200, San Diego, CA, 92121, United States
858-812-3400
www.inseego.com
Market Cap
$185.77M
P/E (TTM)
-931.6
40.2
Dividend Yield
--
52W High
$18.11
52W Low
$6.24
52W Range
50%
Rank71Top 99.6%
1.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$45.89M-15.06%
4-Quarter Trend

EPS

$0.03-92.11%
4-Quarter Trend

FCF

$3.07M-77.34%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Gross Margin Expansion Nine months gross margin improved to 42.9% from 35.5% year-over-year due to higher margin service revenue mix.
Services Revenue Growth Software services revenue increased 11.5% for nine months, partially offsetting significant product revenue declines across segments.
Stockholders' Deficit Improved Total stockholders' deficit narrowed to $(7.7) M as of September 30, 2025, from $(12.9) M at December 31, 2024.
New Working Capital Facility Secured new $15.0 M asset-backed revolving credit facility in August 2025, with $14.5 M availability reported.

Risk Factors

Mobile Revenue Plummets Mobile solutions revenue dropped 50.3% in Q3 2025 compared to prior period due to carrier promotional activity.
High Customer Concentration Two customers accounted for 82.2% of accounts receivable balance as of September 30, 2025, posing concentration risk.
Negative Operating Cash Flow Net cash used in operating activities totaled $(4.8) M for the nine months ended September 30, 2025.
Supply Chain Reliance Noted Reliance on sole source suppliers, like Qualcomm chipsets, creates risk from potential supply interruptions or tariffs.

Outlook

FWA Solution Driving Growth Fixed wireless access revenue increased 81.5% in Q3 2025 following launch of current generation indoor FWA solution.
Debt Restructuring Complete Successfully repaid $14.9 M principal balance of 2025 Convertible Notes in May 2025, simplifying capital structure.
R&D Capitalization Strategy Increased R&D capitalization lowered operating expenses ratio for nine months, supporting future product pipeline.
Future Purchase Commitments Non-cancellable purchase obligations for goods and services total approximately $110.2 M for the next four quarters.

Peer Comparison

Revenue (TTM)

Ceragon Networks Ltd.CRNT
$363.33M
-3.8%
Eventbrite, Inc.EB
$294.80M
-12.4%
Inseego Corp.INSG
$165.88M
-11.1%

Gross Margin (Latest Quarter)

ON24, Inc.ONTF
74.7%
+0.5pp
Eventbrite, Inc.EB
67.9%
-0.6pp
Asure Software, Inc.ASUR
63.8%
-3.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
EB$437.54M-40.5-6.0%23.6%
ONTF$336.66M-10.9-20.6%0.6%
BKTI$324.18M24.837.1%1.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.5%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 18, 2026
|
EPS:$0.07
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 7, 2025|
    Revenue: $45.89M-15.1%
    |
    EPS: $0.03-92.1%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 8, 2025|
    Revenue: $40.22M-32.0%
    |
    EPS: $-0.03+61.3%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $31.67M-15.6%
    |
    EPS: $-0.16-63.6%
    Miss

  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 29, 2025|
    Revenue: $191.24M+14.3%
    |
    EPS: $0.10+102.3%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 20, 2025|Refer to amended data

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 13, 2024|
    Revenue: $54.03M+30.6%
    |
    EPS: $0.38-119.7%
    Meet

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $59.15M+10.4%
    |
    EPS: $-0.02-96.5%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 10, 2024|
    Revenue: $37.51M-26.2%
    |
    EPS: $-0.44-6.4%
    Meet