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Dec 31, 2024
Inseego Q4 2024 Earnings Report
Inseego reported its financial results for the fourth quarter and full year ended December 31, 2024, showing positive adjusted EBITDA and GAAP operating income.
Key Takeaways
Inseego Corp. reported Q4 2024 revenue of $48.1 million, with a positive Adjusted EBITDA of $5.4 million and GAAP Operating Income of $1.8 million. The company also completed the sale of its telematics business for $52.7 million in cash and restructured its convertible debt, significantly reducing its debt.
Q4 2024 revenue reached $48.1 million, reflecting strength in operational performance.
Adjusted EBITDA for Q4 2024 was positive at $5.4 million.
GAAP Operating Income for Q4 2024 was $1.8 million.
The company completed the sale of its telematics business for $52.7 million in cash, enhancing liquidity.
Revenue by Segment
Forward Guidance
Inseego expects Q1 2025 total revenue to be in the range of $30.0 million to $33.0 million and Adjusted EBITDA to be in the range of $2.0 million to $3.0 million.
Positive Outlook
- Confidence in delivering year-on-year growth in 2025.
- Focus on expanding solution portfolio and customer base.
- Commitment to driving long-term growth and stockholder value.
- Successful restructuring of outstanding convertible notes.
- Increased liquidity and flexibility from telematics business sale.
Challenges Ahead
- Anticipated near-term headwinds in the first quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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