Inseego Corp. (INSG) Misses Q1 EPS by 1c

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Go back to Inseego Corp. (INSG) Misses Q1 EPS by 1c

Inseego Reports First Quarter 2022 Financial Results

May 4, 2022 4:01 PM EDT

5G revenue growth of 142% year-over-year

5G and software solutions reflect 67% of total revenue, up 68% year-over-year

Large enterprise customers starting deployments of 5G enterprise solutions

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 first quarter ended March 31, 2022. The Company reported first quarter net revenue of $61.4 million, GAAP operating loss of $21.8 million, GAAP net loss of $25.9 million, GAAP net loss of $0.24 per share, adjusted EBITDA of... More