Inseego Corp. reported fourth quarter 2024 revenue of $48.1 million and positive Adjusted EBITDA of $5.4 million. The company also achieved GAAP Operating Income of $1.8 million for the quarter ended December 31, 2024.
For the full year 2024, Inseego completed the sale of its telematics business for $52.7 million in cash and finalized convertible debt restructurings, resulting in material reductions in debt. These actions significantly improved the company's capital structure and liquidity.
New CEO Juho Sarvikas noted encouraging Q4 operational performance and expressed confidence in delivering year-on-year growth in 2025, driven by an expanding solution portfolio and customer base. The company acknowledged some near-term headwinds for the first quarter of 2025 but remains committed to long-term stockholder value creation.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.