Categories Earnings, Technology

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 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

WBA Earnings Preview: Will Walgreens’ Q3 report bring cheer to investors?

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has been facing challenges due to higher operating costs, rising competition, and an unfavorable retail environment. These factors have put pressure on the drugstore

Main points from Accenture’s (ACN) Q3 2024 earnings report

Shares of Accenture (NYSE: ACN) rose 6% on Thursday, following the company’s announcement of its third-quarter 2024 earnings results. Although revenue and profits missed expectations, the stock jumped after the

ACB Earnings: Aurora Cannabis reports narrower Q4 loss on higher revenues

Aurora Cannabis, Inc. (NASDAQ: ACB) on Thursday reported a net loss for the fourth quarter of 2024. The company’s revenues moved up 5% year-over-year during the quarter. The Canada-based recreational

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top