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Mar 31, 2025
Inseego Q1 2025 Earnings Report
Reported first quarter 2025 financial results
Key Takeaways
Inseego Corp. reported Q1 2025 revenue of $31.7 million and positive Adjusted EBITDA of $3.7 million, marking the ninth consecutive quarter of positive Adjusted EBITDA. The company delivered results within expectations, maintained strong adjusted EBITDA profitability, and made progress on strategic initiatives including repaying convertible debt.
Q1 2025 revenue was $31.7 million.
Q1 2025 Adjusted EBITDA was $3.7 million, an increase of $2.2 million year-over-year.
GAAP gross margin for Q1 2025 was 47.3%, up 12.0% year-over-year.
Repaid the remaining $15 million outstanding on their convertible debt on May 1st.
Revenue by Segment
Forward Guidance
For Q2 2025, Inseego expects total revenue between $37.0 million and $40.0 million and Adjusted EBITDA between $2.5 million and $3.5 million.
Positive Outlook
- Expected increase in total revenue compared to Q1 2025.
- Anticipated continued positive Adjusted EBITDA.
- Focus on building FWA and MiFi portfolio.
- Increasing engagement around cloud-managed solutions.
- Expect increasing traction as the year progresses.
Challenges Ahead
- Guidance does not include potential impact of the evolving tariff environment.
- Adjusted EBITDA guidance range shows potential for a decrease compared to Q1 2025.
- Future results are subject to significant risks and uncertainties.
- Dependence on a small number of customers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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