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INSG

Inseego Corp.

INSG

Inseego Corp. • NASDAQ
$10.93 ▲ 3.21% (+0.34)
Market Cap $167.51 M
52w High $18.11
52w Low $6.24
Dividend Yield 0%
P/E -7.29
Volume 65.47K
Outstanding Shares 15.33M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $45.893M ▲ $16.929M ▲ $1.432M ▲ 3.12% ▲ $0.03 ▲ $4.445M ▲
Q2-2025 $40.223M ▲ $15.235M ▼ $507K ▲ 1.26% ▲ $-0.025 ▲ $3.254M ▲
Q1-2025 $31.673M ▼ $15.407M ▼ $-1.57M ▼ -4.957% ▼ $-0.16 ▼ $1.977M ▲
Q4-2024 $48.087M ▼ $16.154M ▼ $-566K ▼ -1.177% ▼ $-0.1 ▼ $-12.306M ▼
Q3-2024 $54.032M $17.784M $8.969M 16.599% $0.38 $17.483M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $14.559M ▲ $85.813M ▲ $93.531M ▼ $-7.718M ▲
Q2-2025 $13.221M ▼ $83.072M ▼ $93.568M ▼ $-10.496M ▲
Q1-2025 $35.149M ▼ $92.996M ▼ $105.991M ▼ $-12.995M ▼
Q4-2024 $39.596M ▲ $99.999M ▼ $112.857M ▼ $-12.858M ▲
Q3-2024 $11.972M $113.39M $198.453M $-85.063M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.432M ▲ $3.173M ▲ $-1.851M ▲ $36K ▲ $1.338M ▲ $3.072M ▲
Q2-2025 $507K ▲ $-4.469M ▼ $-2.866M ▼ $-14.719M ▼ $-21.928M ▼ $-4.657M ▼
Q1-2025 $-1.57M ▲ $-3.467M ▲ $-1.015M ▼ $42K ▲ $-4.447M ▼ $-3.499M ▲
Q4-2024 $-16.475M ▼ $-11.856M ▼ $46.685M ▲ $-5.97M ▲ $27.624M ▲ $-11.91M ▼
Q3-2024 $8.969M $14.821M $-1.278M $-42.781M $-30.711M $13.556M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Mobile Solutions
Mobile Solutions
 $50.00M ▲$20.00M ▼$10.00M ▼$20.00M ▲
Product
Product
 $80.00M ▲$20.00M ▼$30.00M ▲$30.00M ▲
Software Services and Other
Software Services and Other
 $0 ▲$0 ▲$0 ▲$10.00M ▲
Services And Other
Services And Other
 $30.00M ▲$10.00M ▼$10.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement The income statement shows a company that has been steadily repairing its business. Sales have drifted down from earlier years but have recently stabilized. Profitability has improved meaningfully: gross profit is healthier than a few years ago, operating performance has moved from clear losses to roughly break‑even, and net results have shifted from deep red to close to flat. Part of the sharp move in earnings per share is driven by the recent reverse stock split, but the underlying trend is still one of tighter cost control and better margin focus. However, the track record is short, and consistent, repeatable profits are not yet firmly established.

Balance Sheet

Balance Sheet The balance sheet reflects a lean, somewhat stressed but improving financial position. The company’s asset base has shrunk over time, suggesting a smaller, more focused operation, but also less cushion. Cash is modest, though better than the prior year, which gives a bit more flexibility. Debt has been brought down significantly, which reduces financial risk and interest burden. Equity remains negative, a sign of accumulated past losses and a thin capital base. Overall, leverage is improving, but the company still operates with limited balance‑sheet strength and little room for major missteps.

Cash Flow

Cash Flow Cash flow has moved in a more encouraging direction. After years of burning cash, the business has recently generated positive cash from operations and positive free cash flow, meaning that day‑to‑day activities are now funding themselves and even leaving a small surplus after investment spending. Capital spending is very light, which helps preserve cash but may cap longer‑term capacity or product expansion if kept too low. The current cash‑flow profile looks more sustainable than in the past, but the margin for error is still relatively thin, given the company’s size and limited reserves.

Competitive Edge

Competitive Edge Inseego occupies a focused niche in the 5G ecosystem, especially around fixed wireless access, mobile broadband, and IoT connectivity. Its strength lies in combining specialized hardware (routers, gateways, CPE devices) with a management and analytics platform that appeals to enterprises needing secure, remotely managed networks. Long experience in wireless, a base of patents, and close relationships with major carriers give it credibility and some barriers to entry. The integrated hardware‑plus‑software approach makes its solutions “sticky” once deployed, raising switching costs for customers. At the same time, it operates in a crowded space with much larger networking and telecom equipment rivals, faces pricing pressure and fast technology cycles, and must successfully expand beyond carrier channels into broader enterprise distribution to fully realize its potential.

Innovation and R&D

Innovation and R&D Innovation is clearly a core focus. The company is pushing advanced 5G fixed wireless products under the Wavemaker and FX brands, adding features like dual‑carrier support, next‑generation Wi‑Fi, and enterprise‑grade security. Its Inseego Connect cloud platform is a key differentiator, turning hardware into a managed service with remote control, analytics, and integration into customers’ IT systems—supporting higher‑margin, recurring revenue. The roadmap includes work on newer 5G standards and capabilities such as 5G Advanced and network slicing, which could unlock more demanding enterprise and IoT use cases. The main tension is that sustaining this level of R&D and product rollout requires ongoing investment, while the financial profile remains tight, so execution discipline will matter greatly.

Summary

Overall, Inseego looks like a company in the middle of a recovery and repositioning. Financially, it has moved from heavy losses and cash burn to near break‑even profitability, positive cash flow, and lower debt, but still carries negative equity and has limited buffers. Strategically, it is betting on a focused role in 5G fixed wireless and enterprise connectivity, built around secure hardware tightly integrated with a cloud management platform and supported by carrier and channel partnerships. The opportunity is tied to broader adoption of 5G fixed wireless in businesses and the company’s ability to grow its enterprise footprint while staying disciplined on costs. The key uncertainties are whether revenue can return to meaningful growth, whether profitability can become consistent rather than fragile, and whether the company can keep funding innovation without stretching its already thin balance sheet.

NEWS

November 6, 2025 · 4:05 PM UTC

Inseego Reports Third Quarter 2025 Financial Results

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November 3, 2025 · 8:00 AM UTC

Inseego Strengthens Board of Directors with Experienced Operational Leaders in Carrier, AI, and SaaS

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October 31, 2025 · 10:16 AM UTC

NexQloud Technologies Appoints Robert Barbieri as Chief Executive Officer to Accelerate Next Growth Phase

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October 28, 2025 · 8:05 AM UTC

Inseego Redefines Enterprise 5G Fixed Wireless Access (FWA) with the FX4200 Cellular Router and Inseego Connect SaaS

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October 16, 2025 · 4:05 PM UTC

Inseego Corp. to Report Third Quarter 2025 Financial Results on November 6, 2025

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