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Dec 31, 2023
Inseego Q4 2023 Earnings Report
Reported fourth quarter and full year 2023 financial results and announced CEO transition.
Key Takeaways
Inseego Corp. reported Q4 2023 revenue of $42.8 million, a GAAP operating loss of $11.1 million, a GAAP net loss of $14.3 million, and adjusted EBITDA of $4.1 million. The company's unrestricted cash and cash equivalents were $7.5 million at the end of the quarter. Ashish Sharma has resigned as CEO and President, and Philip Brace has been appointed Executive Chairman.
Q4 2023 revenue reached $42.8 million.
Adjusted EBITDA for Q4 2023 was $4.1 million.
Inseego achieved its fourth consecutive quarter of positive Adjusted EBITDA.
Philip Brace was appointed Executive Chairman.
Revenue by Segment
Forward Guidance
Inseego remains committed to delivering profitability as they invest for growth in FWA and are hyper-focused on driving revenue growth as they move into 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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