0
Wireless

Inseego near EBITDA breakeven as 5G revenues grow in Q2

Thursday 5 August 2021 | 10:55 CET | News
Inseego reached almost breakeven adjusted EBITDA in the second quarter, as the company's revenues rose 14 percent on a sequential basis to USD 65.7 million, driven by demand for its 5G products. Revenue was still down almost 19 percent on an annual basis, and Inseego recorded a net loss of USD 13.9 million or USD 0.14 per share. The company ended the period with USD 40.4 million in cash and equivalents. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Inseego
Countries: World
::: add a comment
This article is part of dossier

5G

,

IoT


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

UScellular launches Inseego MiFi 8000 mobile hotspot

Published 18 Aug 2021 10:50 CET | United States
Inseego announced that its MiFi 8000 LTE mobile hotspot is now commercially available at UScellular stores and UScellular.com. ...

Inseego unveils 5G Industrial Gateway

Published 23 Jul 2021 09:02 CET | World
Inseego introduced its Wavemaker PRO 2000e industrial gateway. Combining high-performance 5G with the most advanced LTE ...

Inseego names new company president

Published 10 Jun 2021 15:21 CET | World
Inseego has promoted Ashish Sharma to the position of company president, with immediate effect. Sharma most recently served as ...

Inseego's 5G outdoor mmWave CPE receives worldwide approvals

Published 10 Jun 2021 15:11 CET | World
Inseego announced that its Inseego Wavemaker Pro 5G outdoor CPE FW2010e has received regulatory approvals in markets worldwide. ...

Inseego, Net4 partner on 5G private network deployments in UK, Europe

Published 25 May 2021 11:36 CET | United Kingdom
Inseego, 5G and IoT device-to-cloud solutions provider, has partnered with UK-based IoT systems integrator Net4 to deliver ...

Inseego revenue growth slows to 1.3% in Q1

Published 06 May 2021 11:44 CET | World
Inseego's revenue growth slowed to 1.3 percent year-on-year, for sales of USD 57.6 million in the first quarter, compared to 17 ...

Inseego to help Georgia's Peachtree Corners with 5G use cases

Published 28 Apr 2021 14:27 CET | United States
Peachtree Corners, a smart city in Georgia already equipped with 5G, has contracted Inseego to enable new services across the ...