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Mar 31, 2024
Inseego Q1 2024 Earnings Report
Inseego's Q1 2024 financial performance was reported, showing a revenue of $45.0 million and a GAAP net loss of $4.5 million, alongside a positive Adjusted EBITDA of $3.8 million.
Key Takeaways
Inseego reported Q1 2024 revenue of $45.0 million, a GAAP net loss of $4.5 million, and a positive Adjusted EBITDA of $3.8 million. The company exceeded guidance for both revenue and Adjusted EBITDA and also voluntarily paid off and terminated its ABL facility.
Q1 2024 revenue reached $45.0 million.
GAAP net loss for Q1 2024 was $4.5 million.
Adjusted EBITDA was positive at $3.8 million, marking the fifth consecutive quarter of positive Adjusted EBITDA.
Unrestricted cash and cash equivalents were $12.3 million as of March 31, 2024.
Revenue by Segment
Forward Guidance
Inseego anticipates significantly improved results for the second quarter compared to Q1 2024, driven by a key customer extension, increased revenues and profitability, and a significant prepayment received in April.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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