Inseego reports Q2 EPS 93c), consensus 3c

Reports Q2 revenue $40.22M, consensus $38.53M. “We hit several major milestones this quarter at Inseego (INSG), including the highly successful launch of our new FWA enterprise-grade wireless router, the FX4100. We also were successful in renewing our stocked MiFi products with our two large tier 1 carrier customers while adding a new tier 1 carrier to stock both our mobile and FWA products starting later this year,” said Juho Sarvikas, Chief Executive Officer of Inseego. “We delivered ahead of expectations, while continuing to invest in our product roadmap, software platforms and go-to-market strategy. We are continuing to execute against our strategy to deliver durable growth and profitability and believe we are well positioned to deliver meaningful long-term value for stockholders.”