Inseego Corp. (INSG) Reports In-Line Q2 EPS, Revs Beat

August 4, 2021 5:27 PM EDT

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Inseego Corp. (NASDAQ: INSG) reported Q2 EPS of ($0.08), in-line with the analyst estimate of ($0.08). Revenue for the quarter came in at $65.7 million versus the consensus estimate of $57.82 million.

“Inseego delivered a very strong second quarter with revenue up 14% sequentially to $65.7 million, well ahead of consensus,” said Dan Mondor, chairman and CEO of Inseego Corp. “The strength in the second quarter was driven by continued growth in the sell-through of our suite of 5G hardware and software solutions, now representing almost 29% of total revenue, an increase of 182% over the second quarter of last year. This remarkable growth reflects the growing customer adoption of Inseego’s 5G carrier and enterprise solutions.”

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

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