Inseego (INSG) AI Stock Analysis

• Market Cap: $213.46M
• Dividend Yield: N/A
• Average Volume (3M): 359.35K
• Price to Earnings (P/E): 43.2
• Beta (1Y): 2.10
• Revenue Growth: -10.99%
• EPS Growth: N/A
• Country: US
• Employees: 218
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): 0.08
• Shares Outstanding: 15,042,920
• 10 Day Avg. Volume: 316,635
• 30 Day Avg. Volume: 359,353
• 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: 0.73
• Enterprise Value/Revenue: 0.89
• Enterprise Value/Gross Profit: 2.28
• Enterprise Value/Ebitda: 14.95
• 1Y Price Target: $11.00
• Price Target Upside: -21.93% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 55 Neutral
• Price Target: $11.50 ▼(-18.38% Downside)

Inseego's overall stock score is primarily impacted by its challenging financial performance, with high leverage and negative cash flows. However, strong earnings call results and positive corporate events provide some optimism. Technical indicators suggest bullish momentum, but valuation concerns persist due to a high P/E ratio.

Positive Factors

Product Launch Success

The successful launch of the FX4100 indicates strong market demand and enhances Inseego's competitive position in the FWA market, supporting long-term growth.

New Carrier Partnerships

Securing new Tier 1 carrier partnerships expands Inseego's market reach and strengthens its distribution network, providing a durable competitive advantage.

Improved Capital Structure

The reduction in debt and new credit facility enhance financial flexibility, supporting growth initiatives and improving long-term financial stability.

Negative Factors

Declining Revenue

Persistent revenue decline highlights challenges in market demand and competitive pressures, potentially impacting long-term business sustainability.

High Leverage

High leverage and negative equity indicate financial risk, limiting Inseego's ability to invest in growth and weather economic downturns.

Negative Cash Flows

Negative cash flows constrain Inseego's operational flexibility and ability to fund strategic initiatives, posing long-term financial challenges.

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 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, high leverage, and negative cash flows. Improvements in gross profit margins are overshadowed by overall profitability and solvency concerns.

Income Statement

Inseego's income statement shows declining revenue with a negative growth rate of -9.81% TTM, indicating a challenging market environment. The gross profit margin improved to 39.22% TTM, suggesting better cost management. However, the net profit margin remains low at 3.72% TTM, and EBIT margin is negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet reveals a concerning financial structure with negative stockholders' equity and a high debt-to-equity ratio of -4.15 TTM, indicating significant leverage. Return on equity is negative, highlighting profitability challenges. The equity ratio is also negative, pointing to potential solvency issues.

Cash Flow

Cash flow analysis shows negative operating cash flow and free cash flow TTM, with a significant decline in free cash flow growth. The operating cash flow to net income ratio is negative, indicating cash flow issues. However, free cash flow to net income ratio is positive, suggesting some cash generation relative to net income.

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: 14.09
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

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 14.09 is above the 20-day moving average (MA) of 13.08, above the 50-day MA of 10.09, and above the 200-day MA of 9.60, indicating a bullish trend. The MACD of 0.97 indicates Positive momentum. The RSI at 74.04 is Negative, neither overbought nor oversold. The STOCH value of 63.98 is Neutral, 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	80 Outperform	294.25M	25.00	32.33%	―	4.63%	328.61%
LTRX	63 Neutral	184.40M	-15.66	-15.29%	―	-23.33%	-142.22%
ONDS	61 Neutral	2.36B	-14.89	-50.60%	―	75.16%	28.13%
SILC	57 Neutral	101.11M	-7.67	-10.72%	―	-24.50%	60.82%
KVHI	57 Neutral	113.32M	-18.25	-7.97%	―	-12.22%	71.69%
INSG	55 Neutral	$213.46M	43.24	111.75%	―	-10.99%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

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.