Sector: Technology | Industry: Communications & Networking |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 9710 SCRANTON ROAD, SUITE 200 SAN DIEGO CA 92121 |
Tel: | N/A |
Website: | https://inseego.com |
IR: | See website |
Key People | ||
Philip Gordon Brace Executive Chairman of the Board | Steven H. Gatoff Chief Financial Officer | Douglas Kahn Executive Vice President - Operations |
John Weldon Senior Vice President, General Manager - Intelligent Edge Solutions | Kurt E. Scheuerman Chief Administrative Officer, General Counsel | Steve Harmon Chief Revenue Officer |
Business Overview |
Inseego Corp. is engaged in the designing and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions. Its 4G and 5G WAN portfolio is comprised of mobile broadband and fixed wireless access solutions with associated cloud solutions for real time WAN visibility, monitoring, automation and control with centralized orchestration of network functions. These solutions are built for the enterprise and small and medium business (SMB) market segments. Its intelligent edge telematics solutions are designed to improve business outcomes for enterprise and SMB markets. It also provides a wireless subscriber management solution for carriers' management of their government and enterprise customer subscriptions. Its 5G products and associated cloud solutions are used in applications, such as business broadband for both mobile and fixed use cases, enterprise networking and software-defined WAN failover management. Its mobile hotspots are sold under the MiFi brand. |
Financial Overview |
For the fiscal year ended 31 December 2023, Inseego Corp revenues decreased 20% to $195.7M. Net loss applicable to common stockholders decreased 30% to $49.2M. Revenues reflect IoT & Mobile Solutions segment decrease of 63% to $80.5M, United States and Canada segment decrease of 19% to $163.5M, Australia segment decrease of 47% to $6M. Lower net loss reflects Other Research and development decrease of 63% to $20M (expense). |
Employees: | 331 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $189.75M as of Dec 31, 2023 |
Annual revenue (TTM): | $195.69M as of Dec 31, 2023 |
EBITDA (TTM): | $0.35M as of Dec 31, 2023 |
Net annual income (TTM): | -$49.18M as of Dec 31, 2023 |
Free cash flow (TTM): | -$3.00M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $156.49M as of Dec 31, 2023 |
Shares outstanding: | 11,878,944 as of Feb 16, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |