0
Wireless

Inseego Q2 sales jump 44% on mobile broadband demand, posts net loss on refinancing costs

Thursday 6 August 2020 | 09:29 CET | News
Inseego saw its annual revenue growth accelerate to 44 percent in the second quarter, for total sales of USD 80.7 million. The company said it scaled up the supply chain quickly to meet demand for the increase in demand for its mobile broadband devices and it's on track to launch its new 5G products with the first operators in the coming months. 

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?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

5G


Add 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

Inseego unveils new 5G mobile hotspot, launches first with Verizon

Published 09 Sep 2020 15:43 CET | World
Inseego unveiled the first commercially available 5G MiFi mobile hotspot built on second-generation 5G technology. The Inseego ...

Inseego announces CFO transition

Published 06 Aug 2020 17:28 CET | World
Inseego announced that Craig Foster was appointed EVP and CFO, effective 17 August.  Foster will succeed Stephen Smith, who will ...

Tessco adds Inseego LTE modems, routers for enterprise IoT

Published 26 Jun 2020 11:42 CET | World
Tessco Technologies announced it's now distributing products from Inseego, an industry specialist in 5G and intelligent IoT ...

Inseego launches USD 100 mln notes offering

Published 08 May 2020 11:45 CET | World | Update: 08 May 2020 17:30 CET
Inseego said it has started an offering of USD 100 million worth of senior notes due 2025. The company also expects to grant a ...

Inseego revenue climbs 17% to USD 57 mln in Q1

Published 07 May 2020 09:55 CET | World
Inseego reported first quarter revenue of USD 56.8 million, reflecting year-over-year growth of 17.1 percent. IoT & Mobile ...

Inseego guides for higher-than-expected revenues in Q1, further growth in Q2 on hotspot demand

Published 08 Apr 2020 14:47 CET | World
For Q1, the company expects revenues to go beyond the current consensus of USD 52 million. For the second quarter, based on the ...

High demand sees Inseego boost production of 4G, 5G mobile hotpots

Published 01 Apr 2020 20:57 CET | World
Inseego, provider of mobile broadband applications, said it has moved to increase production of its 4G and 5G MiFi mobile ...