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Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments in the United Stated, Europe, and internationally. The company offers 5G and 4G mobile broadband solutions, such as mobile hotspots under the MiFi brand. It also provides fixed wireless access solutions, including indoor, outdoor, and industrial routers and gateways. In addition, the company provides cloud management solutions, as well as wireless subscriber lifecycle management solutions. Further, the company offers Inseego Subscribe, a wireless subscriber management solution for carrier's servicing of their government and complex enterprise customer. It serves transportation companies, industrial companies, governmental agencies, manufacturers, mobile operators, system integrators, distributors, and enterprises. Inseego Corp. was founded in 1996 and is based in San Diego, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $166M | $14M | $1M | $-2M | -20.7% | -13.1% | -81.7% |
| 2024 | $191M | $10M | $5M | $28M | -35.6% | 14.3% | -109.9% |
| 2023 | $167M | $-17M | $-46M | $-2M | 45.2% | -31.8% | -32.0% |
| 2022 | $245M | $-33M | $-68M | $-47M | 96.9% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 245.32 | 167.29 | 191.24 | 166.19 |
| Operating Revenue | - | 245.32 | 167.29 | 191.24 | 166.19 |
| Cost Of Revenue | - | 178.41 | 131.51 | 122.45 | 95.19 |
| Gross Profit | - | 66.91 | 35.78 | 68.80 | 71 |
| Operating Expense | - | 121.81 | 70.62 | 66.16 | 66.30 |
| Research And Development | - | 38.29 | 19.73 | 20.60 | 19.80 |
| Selling General And Administration | - | 59.03 | 32.48 | 33.19 | 38.16 |
| Total Expenses | - | 300.23 | 202.13 | 188.60 | 161.49 |
| Operating Income | - | -54.90 | -34.84 | 2.64 | 4.70 |
| Total Operating Income As Reported | - | -57.92 | -35.96 | 1.72 | 4.32 |
| EBITDA | - | -32.62 | -17.18 | 9.76 | 13.50 |
| Normalized EBITDA | - | -29.61 | -16.06 | 14.32 | 13.88 |
| EBIT | - | -59.83 | -35.89 | -2.77 | 5.05 |
| Interest Expense | - | 8.61 | 9.09 | 10.91 | 3.77 |
| Net Interest Income | - | -8.61 | -9.09 | -10.91 | -3.77 |
| Other Non Operating Income Expenses | - | -1.91 | 0.07 | -0.85 | 0.74 |
| Other Income Expense | - | -4.92 | -1.04 | -5.42 | 0.35 |
| Interest Expense Non Operating | - | 8.61 | 9.09 | 10.91 | 3.77 |
| Net Non Operating Interest Income Expense | - | -8.61 | -9.09 | -10.91 | -3.77 |
| Pretax Income | - | -68.43 | -44.97 | -13.68 | 1.28 |
| Tax Provision | - | -0.46 | 0.04 | 0.69 | 0.04 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.02 | -0.23 | -0.96 | -0.01 |
| Net Income Continuous Operations | - | -67.97 | -45.02 | -14.37 | 1.24 |
| Net Income From Continuing And Discontinued Operation | - | -67.97 | -46.18 | 4.57 | 0.84 |
| Net Income From Continuing Operation Net Minority Interest | - | -67.97 | -45.02 | -14.37 | 1.24 |
| Net Income | - | -67.97 | -46.18 | 4.57 | 0.84 |
| Net Income Common Stockholders | - | -70.70 | -49.18 | 1.30 | -2.74 |
| Net Income Including Noncontrolling Interests | - | -67.97 | -46.18 | 4.57 | 0.84 |
| Normalized Income | - | -64.98 | -44.14 | -10.76 | 1.61 |
| Diluted NI Availto Com Stockholders | - | -70.70 | -49.18 | 1.30 | -2.74 |
| Basic Average Shares | - | 10.73 | 11.37 | 12.54 | 15.13 |
| Diluted Average Shares | - | 10.73 | 11.37 | 12.54 | 15.13 |
| Reconciled Depreciation | - | 27.21 | 18.71 | 12.53 | 8.45 |
| Reconciled Cost Of Revenue | - | 175.70 | 131.21 | 122.29 | 95.08 |
| Total Unusual Items | - | -3.01 | -1.12 | -4.57 | -0.38 |
| Total Unusual Items Excluding Goodwill | - | -3.01 | -1.12 | -4.57 | -0.38 |
| Preferred Stock Dividends | - | 2.74 | 2.99 | 3.27 | 3.57 |
| Minority Interests | -0.21 | 0 | - | - | - |
| Net Income Discontinuous Operations | - | - | -1.17 | 18.94 | -0.40 |
| Special Income Charges | - | -3.01 | -1.12 | -4.57 | -0.38 |
| Gain On Sale Of Business | 5.26 | 0 | - | - | - |
| Other Special Charges | 0.43 | 0.45 | - | 3.64 | - |
| Impairment Of Capital Assets | - | 3.01 | 1.12 | 0.93 | 0.38 |
| Depreciation Amortization Depletion Income Statement | - | 24.49 | 18.41 | 12.37 | 8.34 |
| Depreciation And Amortization In Income Statement | - | 24.49 | 18.41 | 12.37 | 8.34 |
| General And Administrative Expense | - | 26.21 | 15.85 | 17.24 | 20.76 |
| Other Gand A | - | 26.21 | 15.85 | 17.24 | 20.76 |
| Selling And Marketing Expense | - | 32.83 | 16.63 | 15.95 | 17.40 |
| Amortization | 2.09 | 1.75 | - | - | - |
| Amortization Of Intangibles Income Statement | 2.09 | 1.75 | - | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Inseego Corp.this co. | INSG | $228M | 272.12↑ premium | -56.39 | -20.7% | 18.42 |
| Aviat Networks, Inc. | AVNW | $250M | 186.71 | 0.95 | 0.5% | 15.93 |
| Turtle Beach Corporation | TBCH | $248M | 15.78 | 1.93 | 12.2% | 8.09 |
| Commerce.com, Inc. | CMRC | $235M | -12.14 | 5.97 | -49.1% | 55.05 |
| Immersion Corporation | IMMR | $219M | 3.41 |
| - |
| - |
| - |
| - |
| 0.74 |
| 21.6% |
| 2.48 |
| Kaltura, Inc. | KLTR | $218M | -18.06 | 34.44 | -190.7% | -104.62 |
| KULR Technology Group, Inc. | KULR | $212M | -3.42 | 1.74 | -50.9% | -3.32 |
| Information Services Group, Inc. | III | $208M | 22.23 | 2.19 | 9.9% | 10.77 |
| eGain Corporation | EGAN | $207M | 6.41 | 2.56 | 40.0% | 25.25 |
| Peer Median | - | 4.91 | 2.06 | 5.2% | 9.43 | |