Inseego Corp. (INSG) Tops Q1 EPS by 2c, Revenues Beat
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Inseego Reports First Quarter 2020 Financial Results
May 6, 2020 4:05 PM EDT
Strong first half driven by unprecedented surge in demand for MiFi® 4G and 5G hotspots
New 5G products launching worldwide in second half of 2020
SAN DIEGO--(BUSINESS WIRE)-- Inseego Corp. (Nasdaq: INSG) (the Company), a pioneer in 5G and intelligent IoT device-to-cloud solutions, today reported its results for the first quarter ended March 31, 2020. The Company reported first quarter revenue of $56.8 million, reflecting year-over-year growth of 17.1%, GAAP operating loss of $7.7 million, GAAP net loss of $18.2 million, GAAP net loss of $0.20 per share, negative adjusted EBITDA of $1.7... More
