Inseego Corp. (INSG) Tops Q3 EPS by 2c

November 5, 2020 5:05 PM EST
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Price: $8.15 --0%

Revenue Growth %: +1.3%

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Inseego Corp. (NASDAQ: INSG) reported Q3 EPS of $0.01, $0.02 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $90.2 million versus the consensus estimate of $80.52 million.

“We had a monumental quarter with revenue over $90 million, an adjusted EBITDA of $7.4 million, and we achieved positive free cash flow. These are all major milestones that confirm the success of our turnaround and, at the same time, firmly establish that the company has entered a growth and cash generation phase,” said Inseego Chairman and CEO Dan Mondor. “Global demand for our mobile broadband and fixed wireless access products is very strong, illustrating momentum throughout our 5G portfolio. Our strategy of diversifying our customer base and recurring revenue streams will make for an exciting 2021 for the company and investors.”

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

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