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Sep 30, 2024
Inseego Q3 2024 Earnings Report
Reported positive adjusted EBITDA and GAAP net income, agreed to sell telematics business, and executed convertible debt restructuring.
Key Takeaways
Inseego Corp. reported Q3 2024 financial results with revenue of $61.9 million, positive Adjusted EBITDA of $9.3 million, and GAAP Net Income of $9.0 million. The company agreed to sell its telematics business for $52.0 million in cash and executed a convertible debt restructuring.
Q3 2024 revenue from continuing and discontinued operations was $61.9 million.
Positive Adjusted EBITDA from continuing and discontinued operations was $9.3 million.
GAAP Net Income was $9.0 million.
Agreed to sell telematics business for $52.0 million in cash.
Forward Guidance
Guidance for Q4 2024 excludes any impact of expected results from the Company’s telematics operations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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