Inseego Corp. (INSG)

In Q4 2024, Inseego reported a 34% year-over-year revenue growth, with its mobile solutions segment growing over 59% and the Inseego Subscribe SaaS platform seeing a 62% increase in revenue; full-year 2024 revenue reached $191.2 million, reflecting 14.3% growth year-over-year, and the company significantly reduced its net debt from $165 million to $16 million. Q1 2025 revenue guidance reflected a seasonal decline, but management anticipated overall year-over-year revenue growth in 2025. A 20% stock price drop was observed in Q1 2025. In October 2025, Inseego launched its Wavemaker FX4200 5G cellular router and an updated Inseego Connect software management platform; Stifel raised Inseego's price target to $14 from $8, Craig Hallum upgraded Inseego to a "Strong-Buy" rating, while Weiss Ratings reiterated a "Sell (D+)" rating; insider buying activity was reported in August 2025. In August 2025, Inseego reported Q2 2025 revenue of $40.2 million and adjusted EBITDA of $4.7 million, along with positive GAAP Net Income of $0.5 million, and paid off a $14.9 million balance of 2025 Convertible Notes.

Inseego Corp. experiences demand seasonality for its products and services. The company's revenue guidance for Q1 2025 reflected a seasonal decline, in contrast to the strong revenue growth observed in Q4 2024. Management anticipates year-over-year revenue growth for the full year 2025, with sequential revenue growth expected to commence in Q2 and continue throughout the remainder of the year.

Inseego Corp. is a U.S.-based technology company specializing in cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments globally, operating within the Computer and Technology sector. Its core offerings include 5G and 4G mobile broadband solutions, fixed wireless access (FWA) solutions, and ruggedized routers and telematics devices under the Ctrack brand. Inseego also provides cloud-native software for device lifecycle management, data analytics, and network management, including its Inseego Connect platform and Inseego Subscribe.

Inseego Corp. has a global presence, with operations in North America, Europe, Asia-Pacific, and Latin America. The company generates its maximum revenue from the United States and Canada, and also has a presence in Australia and Europe, including the United Kingdom.

Inseego's brand reputation has seen mixed signals in the past year. The company has received positive press and upgrades from some analysts, such as a "Strong-Buy" rating from Craig Hallum in October 2025, while Weiss Ratings reiterated a "Sell (D+)" rating around the same time. The launch of new products like the FX4200 5G cellular router and the updated Inseego Connect software in October 2025 could positively impact its reputation. Management's tone shifted from a restructuring focus in Q3 2024 to a more growth-oriented outlook in Q4 2024.

As of late 2024, over 70% of Inseego Corp.'s shares were held by individuals, with institutional ownership hovering near 10%. North Sound Management, Inc. holds 17.04% of the equities, and Tavistock Life Sciences Co. (Investment Management) holds 16.78%. Hedge funds and other institutional investors own 31.54% of the company's stock, mutual funds own 20.36%, and other institutional investors own 5.12%.