Inseego reports Q1 EPS (16c), consensus (6c)

Reports Q1 revenue $31.67M, consensus $32.06M. “My first quarter at Inseego (INSG) has been productive and I’m proud of the progress we’ve made executing the strategy I set in motion when I joined Inseego in January to drive durable growth, cash flow and long-term stockholder value,” said Juho Sarvikas, Chief Executive Officer of Inseego. “We delivered results within expectations and drove strong adjusted EBITDA profitability, while continuing to invest in our product roadmap and go-to-market strategy. With focus on building our FWA and MiFi portfolio, and increasing engagement around our cloud-managed solutions, we expect increasing traction as we move through 2025.”