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Sep 30, 2021
Inseego Q3 2021 Earnings Report
Reported a strong third quarter driven by expanded relationship with T-Mobile and continued global momentum in 5G mobile broadband hotspots.
Key Takeaways
Inseego Corp. reported third quarter net revenue of $66.2 million, a GAAP operating loss of $10.0 million, and a GAAP net loss of $9.0 million, or $0.09 per share. The company's cash and cash equivalents at quarter end, including restricted cash, was $61.6 million.
Q3 revenue of $66.2 million, up 0.8% sequentially.
Cash balance of $61.6 million, including restricted cash.
5G revenue up 260% year-over-year.
Cloud software revenue up 25% year-over-year.
Forward Guidance
The Company is confident in their ability to achieve approximately 25% revenue growth in 2022 pro forma after the sale of their Ctrack South Africa business.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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