INSG Q1 2024 Earnings — Inseego Corp. Revenue & Financial Results | Market Cap Arena

INSGInseego Corp.

$193M

Q1 2024 Earnings

Technology Communication Equipment

Income Statement

Revenue

$38M-26.2% YoY

Gross Profit

$13M35.3% margin

Operating Income

-$3M-7.9% margin

Net Income

-$4M-11.9% margin

EPS (Diluted)

$-0.44

QoQ Revenue Growth

+4.4%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

$5M

Stock-Based Comp.

$688,000

Balance Sheet

Total Assets

$122M

Total Liabilities

$228M

Stockholders' Equity

-$106M

Cash & Equivalents

$12M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$38M	$51M	-26.2%
Gross Profit	$13M	$18M	-27.2%
Operating Income	-$3M	-$4M	+18.0%
Net Income	-$4M	-$5M	+12.7%

Revenue Segments

Product

$29M49%

Services and Other

$16M26%

Mobile Solutions

$15M25%

Geographic Segments

North America

$35M79%

Europe Excluding United Kingdom

$7M15%

AUSTRALIA

$3M6%

Other Geographic Regions

$2,0000%