Inseego Corp. (INSG) Tops Q1 EPS by 2c, Revs Miss

Inseego Corp. (NASDAQ: INSG) reported Q1 EPS of ($0.08), $0.02 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $57.6 million versus the consensus estimate of $60.09 million.

“Inseego’s transformation into a pure-play 5G solution company continues at a rapid pace, as evidenced by both significant year-over-year growth in our 5G and SaaS revenue and the improving gross margin as a result of this growth. We launched multiple new enterprise 5G products in North America, EMEA and Asia-Pacific, and we achieved a major milestone with T-Mobile certifications of these new indoor and outdoor 5G fixed wireless products,” said Inseego Chairman and CEO Dan Mondor. “We are seeing tremendous traction with our industry-leading 5G product portfolio and Inseego Manage SaaS solutions across global markets. Inseego has made a remarkable transformation over the last couple of years and the company is better positioned than ever on almost every possible measure.”

For earnings history and earnings-related data on Inseego Corp. (INSG) click here.

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