Inseego ( (INSG) ) has released its Q1 earnings. Here is a breakdown of the information Inseego presented to its investors.
Inseego Corp. is a leading provider of 5G mobile and fixed wireless solutions, serving mobile network operators, Fortune 500 enterprises, and small to medium-sized businesses. The company is known for its innovative 5G technology and cloud networking solutions.
In its first-quarter 2025 financial report, Inseego announced a revenue of $31.7 million and a positive Adjusted EBITDA of $3.7 million, marking the ninth consecutive quarter of positive Adjusted EBITDA. Despite a GAAP net loss of $1.6 million, the company remains focused on executing its strategic growth initiatives.
Key financial highlights include a year-over-year increase in Adjusted EBITDA by $2.2 million and a GAAP gross margin of 47.3%, an improvement of 12% from the previous year. The company also fully repaid $15 million of convertible debt, optimizing its capital structure. Strategic developments include the appointment of Juho Sarvikas as CEO and the launch of new 5G products, such as the FW3000 and FX3110 routers.
Looking ahead, Inseego projects second-quarter 2025 revenue between $37 million and $40 million, with Adjusted EBITDA expected to range from $2.5 million to $3.5 million. The company is committed to driving revenue growth, maintaining profitability, and enhancing stockholder value through strategic investments and product innovation.