Inseego Corp. (INSG) Misses Q2 EPS by 2c, Revenues Beat; Offers FY19 Revenue Mid-Point Guidance Above Consensus

August 6, 2019 6:08 PM EDT

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Inseego Corp. (NASDAQ: INSG) reported Q2 EPS of ($0.03), $0.02 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $55.9 million versus the consensus estimate of $53.11 million.

  • Revenue of $55.9 million, at the high end of guidance, up 15.1% sequentially and 13.9% year-over-year
  • Non-GAAP net loss of $0.03 per share.
  • Accelerating investments to drive growth of the global 5G business

“We solidified our leadership position with another industry-first milestone, the launch of our new 5G NR mobile broadband hotspot with Verizon,” said Chairman and CEO Dan Mondor. “The global 5G opportunity pipeline is expanding rapidly and we’re increasing investments in product development and sales and marketing to capitalize on this extraordinary window of opportunity.”

GUIDANCE:

Inseego Corp. sees Q3 2019 revenue of $58-62 million, versus the consensus of $58.58 million.

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



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