Inseego (INSG) AI Stock Analysis

• Market Cap: $179.79M
• Dividend Yield: N/A
• Average Volume (3M): 214.61K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.21
• Revenue Growth: -17.45%
• EPS Growth: 76.52%
• Country: US
• Employees: 218
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): 0.12
• Shares Outstanding: 15,327,475
• 10 Day Avg. Volume: 200,924
• 30 Day Avg. Volume: 214,607
• PEG Ratio: -0.27
• Price to Book (P/B): -10.00
• Price to Sales (P/S): 0.67
• P/FCF Ratio: 3.85
• Enterprise Value/Market Cap: 1.47
• Enterprise Value/Revenue: 1.59
• Enterprise Value/Gross Profit: 3.85
• Enterprise Value/Ebitda: -100.22
• 1Y Price Target: $16.60
• Price Target Upside: 49.01% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 0.51
• Revenue Forecast (FY): $164.80M

• Rating: 47 Neutral
• Price Target: $11.50 ▲(3.23% Upside)

Inseego's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and high leverage. While the earnings call and recent corporate events provide some positive outlook, the technical analysis and valuation remain concerning, limiting the stock's attractiveness.

Positive Factors

FWA Segment Expansion

The significant growth in FWA shipments indicates strong demand and market penetration, enhancing Inseego's competitive position in the connectivity market.

New Tier 1 Carrier Partnership

Securing a new Tier 1 carrier partnership expands Inseego's distribution network and revenue potential, solidifying its market presence and growth prospects.

Leadership and Strategy Advancements

Enhancing the leadership team with experienced executives supports strategic growth initiatives and operational efficiency, crucial for long-term success.

Negative Factors

Declining Revenue

Declining revenue and negative profit margins indicate challenges in maintaining sales growth and profitability, impacting financial stability.

High Leverage

High leverage and negative equity raise concerns about financial risk and limit the company's ability to invest in growth opportunities.

Negative Operating Cash Flow

Negative operating cash flow suggests difficulties in generating sufficient cash from operations, potentially affecting liquidity and investment capacity.

Inseego Business Overview & Revenue Model

Company Description

Inseego Corp. engages in the design and development of fixed and mobile wireless solutions, industrial Internet of Things (IIoT), and cloud solutions for large enterprise verticals, service providers, small and medium-sized businesses, governments, and consumers worldwide. The company provides wireless 4G and 5G hardware products, including private LTE/5G networks, First responders network authority/Firstnet, SD-WAN, telematics, remote monitoring and surveillance, and fixed wireless access and mobile broadband devices. Its products include 4G and 5G fixed wireless routers and gateways, mobile hotspots, and wireless gateways and routers for IIoT applications; and Gb speed 4G LTE hotspots and USB modems, integrated telematics, and mobile tracking hardware devices, which are supported by applications software and cloud services designed to enable customers to analyze data insights and configure/manage their hardware remotely. In addition, the company sells software-as-a-service (SaaS), software, and services solutions in various mobile and IIoT vertical markets comprising fleet management, vehicle telematics, stolen vehicle recovery, asset tracking, monitoring, business connectivity, and subscription management. Its SaaS delivery platforms include telematics, asset tracking, and management platforms which provide fleet, vehicle, aviation, asset, and other telematics applications; and Inseego Subscribe, a hosted SaaS platform that helps organizations in managing the selection, deployment, and spend of their customers wireless assets by helping them to save money on personnel and telecom expenses. Inseego Corp. was founded in 1996 and is based in San Diego, California.

How the Company Makes Money

Inseego generates revenue through several key streams. Primarily, it sells hardware products, including mobile hotspots and IoT devices, which are often bundled with service plans provided by telecommunications partners. The company also earns recurring revenue from its software and services, which include cloud-based management solutions that help businesses manage their connected devices and data. Inseego has established partnerships with major telecom carriers, enhancing its distribution channels and providing a steady customer base. Additionally, the company explores opportunities in emerging markets, which can contribute to its growth and revenue diversification.

Inseego Financial Statement Overview

Summary

Inseego faces financial challenges with declining revenues, negative profitability margins, and high leverage. Despite improvements in gross profit margin and free cash flow growth, the overall financial health is weakened by negative equity and cash flow issues.

Income Statement

Inseego's income statement shows a challenging environment with declining revenue and negative net profit margins. The TTM (Trailing-Twelve-Months) data indicates a revenue decline of 4.68% and a negative net profit margin of -0.64%. While gross profit margin improved to 41.31% in the TTM, the company struggles with profitability as reflected in negative EBIT and EBITDA margins.

Balance Sheet

The balance sheet reveals significant financial leverage with a negative stockholders' equity, resulting in a concerning debt-to-equity ratio of -5.81 in the TTM. The negative equity ratio and return on equity highlight potential financial instability and risk, despite a reduction in total debt over the periods.

Cash Flow

Cash flow analysis shows improvement in free cash flow growth at 95.95% in the TTM, yet operating cash flow remains negative. The free cash flow to net income ratio is positive, indicating some efficiency in cash generation relative to net income, but overall cash flow remains a concern due to negative operating cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	165.88M	191.24M	167.29M	245.32M	262.40M	313.83M
Gross Profit	68.53M	68.80M	35.78M	66.91M	75.92M	90.84M
EBITDA	-2.63M	9.76M	-17.18M	-32.62M	-15.52M	-72.55M
Net Income	-197.00K	4.57M	-46.19M	-67.97M	-48.13M	-111.22M
Balance Sheet
Total Assets	85.81M	100.00M	121.80M	159.95M	354.60M	227.39M
Cash, Cash Equivalents and Short-Term Investments	14.56M	39.60M	7.52M	7.14M	49.81M	41.56M
Total Debt	45.77M	60.71M	170.73M	173.94M	168.71M	175.21M
Total Liabilities	93.53M	112.86M	223.90M	230.07M	379.45M	255.29M
Stockholders Equity	-7.72M	-12.86M	-102.11M	-70.12M	-24.85M	-27.81M
Cash Flow
Free Cash Flow	-16.99M	33.42M	-2.38M	-46.61M	-54.05M	-15.05M
Operating Cash Flow	-16.62M	33.52M	5.96M	-33.29M	-25.21M	20.05M
Investing Cash Flow	40.95M	43.03M	-10.17M	-13.32M	6.08M	-34.71M
Financing Cash Flow	-20.61M	-38.78M	2.21M	5.43M	29.92M	42.08M

Inseego Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 11.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INSG, the sentiment is Neutral. The current price of 11.14 is above the 20-day moving average (MA) of 11.05, below the 50-day MA of 13.16, and above the 200-day MA of 10.20, indicating a neutral trend. The MACD of -0.26 indicates Negative momentum. The RSI at 48.68 is Neutral, neither overbought nor oversold. The STOCH value of 57.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for INSG.

Inseego Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BKTI	77 Outperform	$272.71M	22.00	38.74%	―	10.12%	153.04%
AVNW	66 Neutral	$270.36M	19.89	5.24%	―	10.89%	―
LTRX	65 Neutral	$229.07M	-20.20	-13.39%	―	-26.85%	-93.91%
AUDC	65 Neutral	$247.54M	19.60	7.67%	4.27%	0.15%	17.21%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CRNT	49 Neutral	$176.79M	132.89	0.84%	―	-3.78%	-92.62%
INSG	47 Neutral	$179.79M	―	―	―	-17.45%	76.52%

Inseego Corporate Events

Inseego Expands Board with New Director Appointments

On October 28, 2025, Inseego Corp. announced the expansion of its Board of Directors from six to eight members, appointing Stephen Bye and Nabil Bukhari as non-employee directors effective October 30, 2025. Both appointees bring extensive experience in wireless networking, SaaS, and AI, aligning with Inseego’s strategy to enhance its leadership in enterprise connectivity and explore new markets. Their expertise is expected to support Inseego’s growth and strategic priorities, particularly in the expanding Fixed Wireless Access (FWA) market and the evolving 5G landscape.

Inseego Holds Annual Stockholder Meeting, Key Decisions Made

On September 10, 2025, Inseego Corp. conducted its annual meeting of stockholders, where key decisions were made. The election of directors saw Brian Miller and George Mulhern re-elected for a three-year term. Additionally, the appointment of CBIZ CPAs P.C. as independent accountants for the fiscal year 2025 was ratified, and the executive compensation package was approved in a non-binding advisory vote.