Inseego Q2 revenue beats analyst expectations
INSG•Drivers of the revenue increase
- Customer and product diversification — the company said revenue growth reflected benefits from diversifying both its customer base and product portfolio.
- Mobile product launches — Inseego launched a refreshed Mobile product family across all three North American Tier-1 carrier customers.
- Expanded channel reach — the company broadened MiFi PRO M4 availability with a new unlocked, multi-carrier model through select VARs, supporting flexible enterprise and public sector deployments.
Key quarterly metrics and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $43.98 mln | $39.91 mln (4 Analysts) |
| Q2 Net Loss | Miss | $8.44 mln | $2.07 mln (2 Analysts) |
| Q2 Adjusted EBITDA | Miss | $0.5 mln | $1.15 mln (3 Analysts) |
| Q2 Operating Income | Miss | -$7.24 mln | -$811,330 (3 Analysts) |
| Q2 Pretax Loss | Miss | $8.40 mln | $1.99 mln (4 Analysts) |
| Q2 Gross Profit | $14.85 mln |
The current average analyst rating on the shares is buy, with 3 strong buy or buy ratings, 1 hold, and no or . The average consensus recommendation for the communications & networking peer group is .
