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Inseego guides for lower Q4 after mixed Q3 helped by 5G

Thursday 7 November 2019 | 10:28 CET | News
Inseego said revenues for the third quarter lifted almost 24 percent from the year before to USD 62.7 million, boosted by IoT& Mobile Solutions which rose 36.2 percent to USD 45.9 million, and 5G revenues, set to pass USD 10 million for the year. CFO Steve Smith said early 5G revenues showed tremendous growth and that the company is looking at non-dilutive ways to strengthen its balance sheet, so that it can continue with its investment strategy. Smith expects 5G to drive increased growth mainly in the second half of next year. Before that, Inseego will be conservative with its forecasts, and

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Categories: Mobile & Wireless
Companies: Inseego
Countries: World
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