GICS Sector : Technology
Inseego Corp.engages in the design and development of fixed and mobile wireless solutions, industrial Internet of Things (IIoT), and cloud solutions for large enterprise verticals, service providers, small and medium-sized businesses, governments, and consumers worldwide.The company provides wireless 4G and 5G hardware products, including private LTE/5G networks, First responders network authority/Firstnet, SD-WAN, telematics, remote monitoring and surveillance, and fixed wireless access and mobile broadband devices.
Inseego Corp reported a robust third quarter of 2025, with revenue reaching $45.9 million and adjusted EBITDA of $5.8 million, both exceeding guidance and marking the second consecutive quarter of sequential growth. The company's gross margin stood at 41.8%, reflecting a favorable product mix year-over-year, particularly in its FWA business. However, the earnings per share (EPS) came in at $0.12, below the estimated $0.28.
Publication Date: Nov -26
The FWA business was the primary driver of growth, with the FX4100 and the newly introduced premium FX4200, which expands the company's Total Addressable Market (TAM). As Juho Sarvikas, CEO, highlighted, "Inseego's FWA business drove growth with the FX4100 and expanded its portfolio with the premium FX4200, which extends the company's Total Addressable Market (TAM)." This growth is expected to continue, with the company guiding for sequential revenue growth in Q4 2025.
Software services revenue is expected to remain consistent at approximately $12 million. However, non-GAAP gross margin is expected to be modestly lower in Q4 2025 due to a greater proportion of mobile hotspot revenue, consistent with historical levels in the high 30s on a percentage basis.
With a P/S Ratio of 0.98 and an expected revenue growth of 13.5% next year, the stock appears to be reasonably valued. However, the P/E Ratio stands at -151.56, largely due to the EPS miss. The company's ROE (%) is 9.63%, and ROIC (%) is 11.84%, indicating a decent return on equity and invested capital. The Net Debt / EBITDA ratio is -6.88, reflecting the company's strong balance sheet and reduced debt.
Inseego is well-positioned to capitalize on the growing demand for FWA and is expected to benefit from its diversified revenue streams and channels. The company's Inseego Connect solution is also expected to drive growth, with the potential to establish partnerships with new carriers. As Juho Sarvikas noted, "We're excited to establish partnerships with new carriers." With a strong leadership team in place, Inseego is poised to drive significant share gains and continue to grow its MiFi and FWA businesses.
Inseego to Ring The Nasdaq Stock Market Closing Bell on Monday, December 8, 2025
Dec -04
Wireless Broadband Leader Inseego Provides 5G FWA for the Kajeet SmartFailover Service
Dec -03
Inseego Corp. (INSG) Q3 2025 Earnings Call Transcript
Nov -07
Inseego (INSG) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Nov -07
Inseego (INSG) Lags Q3 Earnings Estimates
Nov -07
Inseego Reports Third Quarter 2025 Financial Results
Nov -06
Inseego Strengthens Board of Directors with Experienced Operational Leaders in Carrier, AI, and SaaS
Nov -03
NexQloud Technologies Appoints Robert Barbieri as Chief Executive Officer to Accelerate Next Growth Phase
Oct -31
Inseego Corp.'s Mobile Solutions segment growth of 11.7% is driven by increasing demand for IoT and 5G-enabled devices, expansion into new markets, and strategic partnerships. Additionally, the company's focus on innovation, such as its cloud-based device management platform, and growing adoption of remote work and digital transformation initiatives also contribute to its growth.
Inseego Corp.'s Services and Other segment growth of 9.95% is driven by increasing demand for IoT and telematics solutions, expansion of managed services, and growth in SaaS-based offerings. Additionally, strategic partnerships and acquisitions have contributed to the segment's growth, along with the company's focus on innovation and R&D investments.
Inseego Corp.'s Fixed Wireless Access Solutions growth is driven by increasing demand for high-speed, low-latency connectivity, 5G network deployments, and government initiatives for rural broadband expansion. Additionally, the need for reliable, cost-effective alternatives to traditional fiber-based networks and the growing adoption of IoT devices are contributing to the 12.05% growth.
A mobile hotspot device that provides fast and reliable internet connectivity on-the-go
A high-performance, industrial-grade LTE router designed for IoT and M2M applications
A 5G NR mobile hotspot device that provides high-speed internet connectivity for up to 32 devices
A dual-SIM, industrial-grade LTE router designed for IoT and M2M applications
A high-performance, mobile hotspot device that provides fast and reliable internet connectivity for up to 20 devices
Inseego Corp. operates in the IoT and mobile broadband industries, where substitutes are limited. However, the increasing adoption of 5G technology and the growing demand for IoT devices may lead to the development of new substitutes, posing a moderate threat to the company.
Inseego Corp. has a diverse customer base, including telecommunications operators, enterprises, and consumers. The company's products and services are critical to its customers' operations, reducing their bargaining power.
Inseego Corp. relies on a few key suppliers for components and manufacturing services. While the company has some bargaining power due to its size and reputation, suppliers may still exert some pressure on prices and delivery terms.
The IoT and mobile broadband industries are rapidly evolving, with new entrants emerging regularly. Inseego Corp. faces a high threat from new entrants, particularly from companies with strong technological capabilities and innovative products.
The IoT and mobile broadband industries are highly competitive, with several established players competing for market share. Inseego Corp. faces intense rivalry from companies like Sierra Wireless, Cradlepoint, and Netgear, among others.
| Value | |
|---|---|
| Debt Weight | 260.59% |
| Debt Cost | 5.21% |
| Equity Weight | -160.59% |
| Equity Cost | 9.86% |
| WACC | -2.24% |
| Leverage | -162.27% |
Value: 8.0
Growth: 4.2
Quality: 3.1
Yield: 0.0
Momentum: 9.0
Volatility: 4.3
1-Year Total Return ->
Value: 7.8
Growth: 3.8
Quality: 3.5
Yield: 0.0
Momentum: 6.5
Volatility: 5.3
1-Year Total Return ->
Value: 1.8
Growth: 5.1
Quality: 5.6
Yield: 0.0
Momentum: 8.5
Volatility: 4.0
1-Year Total Return ->
Value: 5.7
Growth: 3.4
Quality: 2.4
Yield: 1.0
Momentum: 9.0
Volatility: 3.0
1-Year Total Return ->
Value: 6.1
Growth: 4.9
Quality: 4.3
Yield: 0.0
Momentum: 6.5
Volatility: 2.0
1-Year Total Return ->
Value: 5.7
Growth: 5.7
Quality: 6.0
Yield: 0.0
Momentum: 3.0
Volatility: 1.3
1-Year Total Return ->