Inseego Corp. (INSG) Misses Q4 EPS by 2c, Revenues Beat

March 11, 2020 4:26 PM EDT

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Inseego Corp. (NASDAQ: INSG) reported Q4 EPS of ($0.10), $0.02 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $52.33 million versus the consensus estimate of $51.91 million.

“2019 was a year of historic progress for Inseego. We launched our first-to-market 5G products, recognized nearly $11 million of 5G revenue and signed 5G product agreements with leading mobile network operators in North America, Europe, the Middle East and Asia Pacific, exceeding our target for the year. This sets the stage for growth in the second half of 2020 with our second-generation portfolio of secure, enterprise-grade 5G products for fixed wireless, mobile and IoT edge applications,” said Chairman and CEO Dan Mondor. “With the actions we’ve taken to strengthen the balance sheet, we’re extremely well positioned to capitalize on the unprecedented global opportunities that 5G presents.”

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

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