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

August 5, 2020 4:47 PM EDT
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Price: $8.15 -2.16%

EPS Growth %: -33.3%

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Inseego Corp. (NASDAQ: INSG) reported Q2 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $80.7 million versus the consensus estimate of $79.77 million.

“We reported an exceptionally strong quarter with outstanding operational execution in every part of the company and over $80 million in revenue. We’re on track to launch our new 5G portfolio with multiple operators in the coming months and are seeing phenomenal performance in pre-launch field trials on live 5G networks,” said Inseego Chairman and CEO Dan Mondor. “We rapidly increased our supply chain capacity in response to the surge in demand and continue to see strong demand for our 4G mobile products driven by work-from-home and distance learning and our 5G products as the technology is deployed in more networks worldwide.”

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

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