Loading...
•
Jun 30, 2022
Inseego Q2 2022 Earnings Report
Inseego's financial performance reflected a higher mix of enterprise sales and disciplined investment in operating costs.
Key Takeaways
Inseego Corp. reported second quarter net revenue of $61.9 million, a GAAP operating loss of $10.0 million, and a GAAP net loss of $12.4 million. The company is focusing on expanding gross margins and managing expenses to approach cash flow breakeven by the end of the year.
5G revenue was up 39% year-over-year.
Consolidated gross margin was 29.5%, up from 27.3% in Q1 and 28.0% year-over year.
Several enterprise customers commenced deployment of 5G FWA solutions.
Next generation 5G mobile hotspot launches with a tier one carrier in North America and Telstra in Q3.
Forward Guidance
For the balance of the year, the company expects quarterly cash usage to be significantly lower than Q2 as product mix changes to a more higher margin 5G enterprise FWA business.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...