Inseego Corp. reported a strong third quarter with a 44% year-over-year revenue increase to $90.2 million and achieved positive free cash flow. The company's adjusted EBITDA was $7.4 million, and it reported non-GAAP earnings of $0.01 per share.
Revenue increased 44% year-over-year to $90.2 million.
Adjusted EBITDA increased 69% year-over-year to $7.4 million, with earnings of $0.01 per share.
Positive free cash flow was achieved.
Cash and cash equivalents at quarter end was $42.0 million.
Inseego expects a strong 2021 due to global demand for mobile broadband and fixed wireless access products, diversifying customer base, and recurring revenue streams.
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