Inseego Corp. Q1 2025 Financial Results

Inseego Corp., a technology leader in 5G mobile and fixed wireless solutions, has released its financial results for the first quarter of 2025, ending March 31, 2025. The company reported a revenue of $31.7 million and a positive Adjusted EBITDA of $3.7 million, marking its ninth consecutive quarter of positive Adjusted EBITDA. However, the company also reported a GAAP net loss of $1.6 million.

Financial Highlights

For Q1 2025, Inseego reported:

• Revenue of $31.7 million
• Adjusted EBITDA of $3.7 million, up $2.2 million year-over-year
• GAAP gross margin of 47.3%, up 12.0% year-over-year

Business and Operational Highlights

Key business developments during the quarter included:

• Appointment of Juho Sarvikas, former President of Qualcomm North America, as Chief Executive Officer and member of the Board of Directors.
• World’s first live 5G Advanced 3GPP Release 18 data call with the new Qualcomm Dragonwing platform at Mobile World Congress Barcelona.
• Launch of Next-Generation Fixed Wireless Access outdoor CPE FW3000 with 8Rx antenna design.
• Launch of Inseego Wavemaker 5G cellular router FX3110 with CSpire for their new 5G Home Internet service.
• Joining T-Mobile's Partner Plus Channel Subsidy Program to make 5G technology more accessible and affordable for businesses.

Strategic Initiatives and Corporate Developments

Inseego fully repaid the remaining $15 million stub outstanding on its convertible debt on May 1st, optimizing its capital structure and enhancing stockholder value. The company remains focused on driving revenue growth, sustaining adjusted EBITDA profitability, and generating cash to support long-term value creation.

Management's Perspective

Juho Sarvikas, Chief Executive Officer of Inseego, commented on the productive first quarter and the progress made in executing the strategy set in motion to drive durable growth, cash flow, and long-term stockholder value. Steven Gatoff, Chief Financial Officer, emphasized the company's commitment to driving stockholder value and strengthening the financial foundation.

Future Outlook

For Q2 2025, Inseego provided the following guidance:

• Total revenue in the range of $37.0 million to $40.0 million.
• Adjusted EBITDA in the range of $2.5 million to $3.5 million.

The guidance does not include any potential impact of the evolving tariff environment.

SEC Filing: INSEEGO CORP. [ INSG ] - 8-K - May. 08, 2025