Inseego Reports First Quarter 2025 Financial Results

About this update from Inseego Corp.

[{"type":"image","alt":"Inseego Corp.","displaySize":"","headline":null,"caption":"Inseego Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":88,"url":"https://media.zenfs.com/en/globenewswire.com/e8e9464371bde7234a1d8d17f4d2dc77"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bOB6FIEjbDg1eVfQsmHJog--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyMztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/e8e9464371bde7234a1d8d17f4d2dc77","width":300,"height":88}},"lazy":false},{"type":"text","content":"Q1 2025 revenue of $31.7 millionQ1 2025 positive Adjusted EBITDA of $3.7 million and GAAP Net Loss of $1.6 millionNinth consecutive quarter of positive Adjusted EBITDA","length":169,"tagName":"p"},{"type":"text","content":"SAN DIEGO, May 08, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG) (the “Company”), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises and SMBs, today reported its results for the first quarter of 2025 ended March 31, 2025.","length":299,"tagName":"p"},{"type":"text","content":"“My first quarter at Inseego has been productive and I’m proud of the progress we’ve made executing the strategy I set in motion when I joined Inseego in January to drive durable growth, cash flow and long-term stockholder value,” said Juho Sarvikas, Chief Executive Officer of Inseego. “We delivered results within expectations and drove strong adjusted EBITDA profitability, while continuing to invest in our product roadmap and go-to-market strategy. With focus on building our FWA and MiFi portfolio, and increasing engagement around our cloud-managed solutions, we expect increasing traction as we move through 2025.”","length":622,"tagName":"p"},{"type":"text","content":"Steven Gatoff, Chief Financial Officer of Inseego, added: “We remain focused on driving stockholder value and strengthening the company’s financial foundation. We were pleased to fully repay the remaining $15 million stub outstanding on our convertible debt on May 1st, an important step in optimizing our capital structure and enhancing our stockholder value. As we continue executing on our strategy, we remain committed to driving revenue growth, sustaining adjusted EBITDA profitability, and generating cash to support long-term value creation.”","length":549,"tagName":"p"},{"type":"text","con...

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