— 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.
Most Popular
Palantir Technologies (PLTR) to start trading tomorrow through direct listing
The IPO market witnessed a boom in 2020, despite the pandemic weakening the macro environment. Many tech companies have witnessed a blockbuster listing this year and few more tech firms
Micron (MU) Q4 earnings, revenue top expectations
Micron Technology Inc. (NASDAQ: MU) reported strong earnings and revenue growth for the fourth quarter of 2020, benefitting from the pandemic-driven digital transformation spree. However, the company's stock dropped during
After a strong year thus far, Zynga (ZNGA) appears well-positioned for 2021 as well
Mobile game company Zynga Inc. (NASDAQ: ZNGA) has seen its stock gain 49% since the beginning of this year. The company registered strong results in the first half of 2020