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

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

Inseego Reports Second Quarter 2021 Financial Results

August 4, 2021 4:01 PM EDT

Significant 5G revenue growth of 182% year-over-year

New generation 5G and cloud solutions reflect 49% of total revenue

Completion of Ctrack South Africa divestiture

SAN DIEGO--(BUSINESS WIRE)-- Inseego Corp. (Nasdaq: INSG) (the Company), a leader in 5G and intelligent IoT device-to-cloud solutions, today reported its results for the second quarter ended June 30, 2021. The Company reported second quarter net revenue of $65.7 million, GAAP operating loss of $10.5 million, GAAP net loss of $13.9 million. GAAP net loss of $0.14 per share, negative adjusted EBITDA of $0.1... More