Inseego Corp
0A52.L
$11.81 0.89%
Exchange: LSE | Sector: Technology | Industry: Communication Equipment
Q1 2025
Published: May 9, 2025

Earnings Highlights

  • Revenue of $31.67M down 29.6% year-over-year
  • EPS of $-0.16 increased by 57.9% from previous year
  • Gross margin of 47.3%
  • Net income of -2.43M
  • "" -
0A52.L
Inseego Corp

Executive Summary

Inseego’s QQ1 2025 period (quarter ended 2025-03-31) shows a meaningful top-line decline versus a year-ago period, with revenue of $31.673 million, down 29.6% YoY and 34.1% QoQ from the prior quarter’s $48.087 million. The company posted a gross margin of 47.3% on a gross profit of $14.983 million, but operating income remained negative at -$0.424 million, yielding a net loss of -$2.434 million and an EPS of -$0.16. EBITDA stood at $1.978 million, signaling some operating cash generation before non-cash and financing items, yet year-on-year profitability remains challenged as dependence on hardware volumes, working capital movements, and elevated Opex continues to weigh on bottom-line results.

From a liquidity and balance-sheet perspective, Inseego ended QQ1 2025 with cash and cash equivalents of $35.15 million and total debt of $60.36 million, resulting in a net debt position of about $25.22 million. Total assets were $92.99 million against liabilities of $105.99 million and negative shareholders’ equity of -$12.99 million, reflecting a substantial accumulated deficit (retained earnings of -$908.06 million historically) and sizable non-cash equity components. The firm remains cash-flow negative from operations (-$3.47 million) and free cash flow negative (-$3.50 million) for the quarter, underscoring ongoing liquidity considerations even as the company sustains product development, SaaS initiatives, and IIoT/cloud solutions.

Looking ahead, the absence of formal forward guidance in the provided materials limits explicit forecast benchmarks. However, the investment trajectory appears anchored in monetizing SaaS platforms (Inseego Subscribe, fleet/telematics offerings) and expanding private LTE/5G solutions for enterprise and government segments. Near-term investor focus should be on the trajectory of gross margin stability, control of operating expenses, and the pace of working-capital optimization to convert revenue activity into positive free cash flow, alongside a gradual reduction in net debt and improvements in liquidity.

Key Performance Indicators

Revenue
Decreasing
31.67M
QoQ: -34.13% | YoY: -29.63%
Gross Profit
Increasing
14.98M
47.31% margin
QoQ: -16.50% | YoY: 8.91%
Operating Income
Increasing
-424.00K
QoQ: -123.69% | YoY: 66.46%
Net Income
Increasing
-2.43M
QoQ: -330.04% | YoY: 45.36%
EPS
Increasing
-0.16
QoQ: -60.00% | YoY: 57.89%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2025 45.89 0.03 -15.1% View
Q2 2025 40.22 -0.03 -32.0% View
Q1 2025 31.67 -0.16 -29.6% View
Q4 2024 48.09 -0.10 +12.5% View
Q3 2024 54.03 0.51 +11.2% View