Inseego ( (INSG) ) has released its Q4 earnings. Here is a breakdown of the information Inseego presented to its investors.
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Inseego Corp., a leading provider of 5G mobile and fixed wireless solutions, serves a diverse clientele including mobile network operators, Fortune 500 enterprises, and small- to medium-sized businesses. The company is renowned for its innovative 5G technology, which enhances business connectivity and operational efficiency.
In its latest financial report, Inseego Corp. announced a Q4 2024 revenue of $48.1 million, alongside a positive Adjusted EBITDA of $5.4 million and GAAP Operating Income of $1.8 million. Additionally, the company completed significant transactions including the sale of its telematics business for $52.7 million and a major debt restructuring initiative.
Key financial highlights include a full-year revenue of $191.2 million and a full-year Adjusted EBITDA of $20.5 million. The company also reported a GAAP gross margin of 37.3% for Q4 and 36.0% for the entire year. Strategically, Inseego appointed Juho Sarvikas as CEO and achieved record sales for its MiFi X PRO device with a major North American carrier, among other accomplishments.
Looking forward, Inseego’s management has expressed confidence in achieving year-on-year growth in 2025, despite expecting some near-term headwinds in Q1. The company plans to focus on expanding its solution portfolio and customer base to drive long-term growth and create stockholder value.
