Inseego Corp. (NASDAQ: INSG): Q4 2019 Earnings Snapshot

— Cloud technology company Inseego Corp. (NASDAQ: INSG) reported an adjusted net loss of $7.96 million or $0.10 per share for the fourth quarter of 2019, vs. $0.08 per share loss expected. — Unadjusted net loss was $13.3 million or $0.17 per share, compared to a loss of $4.19 million or $0.06 per share in […]

$INSG March 11, 2020 1 min read

NYSE

$INSG · Earnings

“
— Cloud technology company Inseego Corp. (NASDAQ: INSG) reported an adjusted net loss of $7.96 million or $0.10 per share for the fourth quarter of 2019, vs. $0.08 per share loss expected. — Unadjusted net loss was $13.3 million or $0.17 per share, compared to a loss of $4.19 million or $0.06 per share in […]
· March 11, 2020

— Cloud technology company Inseego Corp. (NASDAQ: INSG) reported an adjusted net loss of $7.96 million or $0.10 per share for the fourth quarter of 2019, vs. $0.08 per share loss expected.

— Unadjusted net loss was $13.3 million or $0.17 per share, compared to a loss of $4.19 million or $0.06 per share in the fourth quarter of 2018

— December-quarter revenues dropped 7% annually to $52.33 million, vs. $51.9 million expected

— Closed $25 million private placement transaction recently, providing capital to support global 5G strategy

— Reduced debt by $60 million through convertible note exchanges, and slashed annual cash interest payments by $7.8 million

— Signed 5G agreements with leading mobile network operators in North America, Europe, the Middle East and Asia-Pacific

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Related Articles

Plains All American weakens as NGL divestiture and cost cuts frame muted 2026 growth

Johnson Outdoors Hooks 31% Revenue Gain, Operating Loss Narrows

Graham Corporation Sees Robust Q3 on Defense Momentum and FlackTek Integration