Inseego (INSG) Company Overview

Jeff Tuder appointed independent Chairman of the Board Phil Brace assumes CEO role at Skyworks Solutions and steps off Board of Directors following successful overhaul of the Company and appointment of new Inseego CEO Juho Sarvikas SAN DIEGO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG) (“Inseego” or the “Company”), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, today announced that Phil Brace is stepping down from his role as Executive Chairman of the Company's Board of Directors, effective immediately, in order to serve as CEO and board member of Skyworks Solutions, Inc. (Nasdaq: SWKS), a S&P 500 company. Under Brace's leadership, Inseego completed a major overhaul of the Company's capital structure to reduce total debt and improve the Company's liquidity, successfully divested its non-core international telematics business, and strengthened the Company's management team with a number of key executive and functional hires, capped-off with the addition of Juho Sarvikas as the Company's new Chief Executive Officer last month.

Inseego's Q3 beat was largely due to a one-time debt restructuring gain, not sustainable earnings growth, raising concerns about future performance. The sale of its telematics business for $52 million allows INSG to focus on North America, but it remains to be seen if this was wise. Despite improved margins and reduced debt, Inseego's revenue growth is insufficient, and its high stock price remains unjustifiable for new investors.

SAN DIEGO, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises and SMBs, today announced that the company will release its financial results for the fourth quarter and year ended December 31, 2024, after the financial markets close on February 19, 2025.

SAN DIEGO, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, government, and SMBs, is excited to announce its inclusion in the recently launched T-Mobile Partner Plus program. This initiative aligns with Inseego's mission to facilitate a smooth and cost-effective transition to 5G for businesses.

Inseego Wavemaker™ 5G Outdoor CPE FW3000 now available, certified on T-Mobile and US Cellular, for businesses seeking secure, reliable connectivity in both urban and rural areas Inseego Wavemaker™ 5G Outdoor CPE FW3000 now available, certified on T-Mobile and US Cellular, for businesses seeking secure, reliable connectivity in both urban and rural areas

Despite INSG's strong portfolio and debt reduction initiatives, growth prospects remain dull in the near term.

INSG's third-quarter 2024 results reflect the impacts of growth in products and services, and a robust 5G pipeline for continued success.

Roth MKM analyst Scott W. Searle upgraded Inseego Corp. INSG from Neutral to Buy, raising the price forecast from $13 to $15.

Inseego Corp. (NASDAQ:INSG ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Phil Brace - Executive Chairman Steven Gatoff - CFO Conference Call Participants Scott Searle - ROTH Capital Lance Vitanza - TD Cowen Jeremy Kwan - Stifel Nicolaus Operator Good afternoon everyone. Welcome to Inseego Corp's Third Quarter 2024 Financial Results Conference Call.