Inseego (INSG) AI Stock Analysis

• Market Cap: $130.12M
• Dividend Yield: N/A
• Average Volume (3M): 158.72K
• Price to Earnings (P/E): 28.1
• Beta (1Y): 2.23
• Revenue Growth: -10.99%
• EPS Growth: N/A
• Country: US
• Employees: 218
• Sector: Technology
• Sector Strength: 94
• Industry: Communication Equipment
• EPS (TTM): 0.08
• Shares Outstanding: 15,042,920
• 10 Day Avg. Volume: 245,048
• 30 Day Avg. Volume: 158,723
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.20
• Enterprise Value/Revenue: 0.89
• Enterprise Value/Gross Profit: 2.28
• Enterprise Value/Ebitda: 14.95
• 1Y Price Target: $10.63
• Price Target Upside: 21.07% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 63 Neutral
• Price Target: $10.00 ▲(13.90% Upside)

Inseego's overall stock score is driven by positive earnings call outcomes and technical indicators, which are offset by significant financial challenges. The company's strategic initiatives and improved capital structure provide a positive outlook, but high leverage and negative cash flows remain critical concerns.

Positive Factors

Earnings Performance

2Q results topped guidance and estimates, with FWA strength offsetting Mobile softness.

Profitability

Non-GAAP gross margin expanded, boosting EBITDA above guidance.

Strategic Focus

CEO Juho Sarvikas' strategic focus on SaaS and FWA growth strengthens long-term value proposition.

Negative Factors

Market Exposure

Lowering estimates driven by pressure in Mobile from concentrated carrier exposure.

Profitability Challenges

Profitability faces headwinds from E-Rate program delay and seasonal softness in Mobile.

Strategy Execution

Strategy execution still unproven, leading to a more modest ramp ahead than prior expectation.

Inseego Business Overview & Revenue Model

Company Description

Inseego Corp (INSG) is a leading provider of cloud-based software and solutions for the mobile and IoT (Internet of Things) markets. The company focuses on enabling enterprises and service providers to enhance their connectivity and operational efficiency through innovative products. Inseego's core offerings include mobile broadband solutions, IoT devices, and software platforms that facilitate real-time data analytics and management.

How the Company Makes Money

Inseego generates revenue primarily through the sale of hardware, software, and subscription services. The company's key revenue streams include the sale of 4G and 5G mobile broadband devices, IoT hardware, and cloud-based software solutions that support data analytics and management. Additionally, Inseego offers subscription-based services that provide ongoing support and software updates. Significant partnerships with major telecommunications companies and service providers also contribute to their earnings, as these relationships allow Inseego to expand its market reach and offer bundled solutions to customers.

Inseego Financial Statement Overview

Summary

Inseego faces significant financial challenges with declining revenues and a negative equity position. While cash flow management shows some positives, the company's financial leverage poses risks. Improvement in profitability and balance sheet strength is needed for long-term stability.

Income Statement

Inseego's TTM revenue showed a slight increase compared to the previous year, with a Gross Profit Margin of 38.74% and a Net Profit Margin of 3.42%. However, the company has experienced declining revenues over the past few years. Despite a positive EBIT Margin of 2.45%, the EBITDA Margin is negative, indicating challenges in covering depreciation and amortization costs.

Balance Sheet

The balance sheet reveals a negative stockholders' equity, leading to an undefined Debt-to-Equity Ratio. This suggests significant financial leverage and potential solvency issues. The Equity Ratio is negative, reflecting the company's heavy reliance on debt financing.

Cash Flow

Despite operating cash flow covering net income with a ratio of 3.87, the Free Cash Flow Growth Rate shows a decline compared to the previous year. The Free Cash Flow to Net Income Ratio is positive at 3.18, indicating some ability to reinvest in the business. However, cash flow fluctuations present challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	174.01M	191.24M	195.69M	245.32M	262.40M	313.83M
Gross Profit	68.24M	68.80M	35.78M	66.91M	75.92M	90.84M
EBITDA	10.41M	9.76M	-13.71M	-32.62M	-15.52M	-72.55M
Net Income	6.48M	4.57M	-46.19M	-67.97M	-47.91M	-111.19M
Balance Sheet
Total Assets	83.07M	100.00M	121.80M	159.02M	215.84M	227.39M
Cash, Cash Equivalents and Short-Term Investments	13.22M	39.60M	7.52M	7.14M	47.50M	40.02M
Total Debt	43.61M	60.71M	170.73M	173.94M	157.87M	175.21M
Total Liabilities	93.57M	112.86M	223.90M	229.13M	240.70M	255.29M
Stockholders Equity	-10.50M	-12.86M	-102.11M	-70.12M	-24.85M	-27.81M
Cash Flow
Free Cash Flow	-9.36M	33.42M	-3.00M	-46.61M	-54.05M	-15.05M
Operating Cash Flow	-7.72M	33.52M	7.17M	-33.29M	-25.21M	20.05M
Investing Cash Flow	41.53M	43.03M	-10.17M	-13.32M	6.08M	-34.71M
Financing Cash Flow	-64.22M	-38.78M	2.21M	5.43M	29.92M	42.08M

Inseego Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.78
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INSG, the sentiment is Positive. The current price of 8.78 is above the 20-day moving average (MA) of 7.36, above the 50-day MA of 7.65, and below the 200-day MA of 9.97, indicating a neutral trend. The MACD of 0.17 indicates Negative momentum. The RSI at 63.33 is Neutral, neither overbought nor oversold. The STOCH value of 91.34 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INSG.

Inseego Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BKTI	75 Outperform	$227.65M	20.22	39.51%	―	4.63%	328.61%
Sector *	68 Neutral	¥241.26B	15.54	6.62%	2.44%	9.22%	2.43%
LTRX	65 Neutral	$118.23M	―	-10.88%	―	-2.06%	-22.58%
SILC	65 Neutral	$91.26M	―	-10.16%	―	-24.50%	60.82%
INSG	63 Neutral	$130.12M	28.09	111.75%	―	-10.99%	―
ONDS	60 Neutral	$861.37M	―	-81.20%	―	75.16%	28.13%
KVHI	53 Neutral	$106.30M	―	-4.46%	―	-12.22%	71.69%

Inseego Corporate Events

Inseego Secures $15M Credit Facility with BMO Bank

On August 5, 2025, Inseego Corp. entered into a $15 million revolving secured asset-backed credit facility with BMO Bank N.A., providing further operating flexibility and liquidity. The facility, which matures on August 5, 2028, is secured by a continuing security interest in substantially all property of each loan party. Inseego also reported strong financial results for Q2 2025, with a revenue of $40.2 million and an adjusted EBITDA of $4.7 million, marking a 27% and 29% sequential increase respectively. The company launched its new FX4100 enterprise-grade wireless router and expanded its carrier footprint, signaling strong market demand and positioning for durable growth and profitability.

The most recent analyst rating on (INSG) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Inseego stock, see the INSG Stock Forecast page.