NASDAQ$INSG
Inseego Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported third quarter results with a net loss of $21.8 million, but delivered positive adjusted EBITDA of $4.0 million.
Inseego reported Q3 2023 total revenue of $48.6 million with a GAAP operating loss of $18.4 million and a GAAP net loss of $21.8 million, but delivered positive adjusted EBITDA of $4.0 million. The company is focused on maintaining profitability while transitioning from 4G to 5G.
- Total revenue for Q3 2023 was $48.6 million.
- 5G revenue accounted for 54.0% of Q3 2023 total revenue.
- Cloud software revenue was 30.0% of Q3 2023 revenue.
- 5G FWA revenue grew 29.0% YoY driven by over 56,000 new enterprise and SMB customers signed up during the last year.
Headline financials
Revenue & EPS history
Inseego · Revenue · Quarterly
$48.6M
Forward guidance
Total revenue is anticipated to be in the range of $40.0 million to $42.0 million for Q4 2023 and Adjusted EBITDA for Q4 2023 expected to be in the range of positive $1.5 million to $2.0 million.
Headwinds
- 4G mobile hotspot revenue to decline as the product category goes end-of-life
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2023
-1.8%
Avg return
Earnings day
+13.1%
Avg return
5 days after
+20.2%
Avg return
30 days after
42%
27 / 65 earnings
Positive
+46.0%
Q1 2023
Best reaction
-44.9%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -14.5% | -19.9% | — | |
| Q4 2025 | +19.8% | +29.4% | +4.0% | |
| Q3 2025 | +1.6% | -11.3% | -16.5% | |
| Q1 2025 | -7.0% | -7.7% | -9.7% | |
| Q4 2024 | +5.8% | -10.2% | -20.8% | |
| Q3 2024 | -44.9% | -39.6% | -43.0% | |
| Q2 2024 | +20.0% | +24.0% | +75.3% | |
| Q1 2024 | +34.1% | +39.5% | +109.6% | |
| Q4 2023 | -17.5% | -37.0% | -10.5% | |
| Q3 2023 | -16.4% | -27.3% | -45.5% | |
| Q2 2023 | +16.8% | +4.0% | -16.0% | |
| Q1 2023 | +46.0% | +110.7% | +94.6% | |
| Q4 2022 | -9.6% | -7.8% | -35.6% | |
| Q3 2022 | -26.8% | -33.3% | -42.9% | |
| Q2 2022 | +14.2% | +20.6% | +1.6% | |
| Q1 2022 | -22.7% | -24.8% | -30.2% | |
| Q4 2021 | +2.1% | -3.4% | -14.0% | |
| Q3 2021 | +0.3% | +7.4% | -9.0% | |
| Q2 2021 | +8.3% | +6.4% | +0.6% | |
| Q1 2021 | -2.6% | -7.4% | +16.0% | |
| Q4 2020 | -27.5% | +542.3% | +584.0% | |
| Q3 2020 | +5.7% | -4.8% | +20.3% | |
| Q2 2020 | -15.5% | -12.0% | -26.7% | |
| Q1 2020 | -6.4% | -0.4% | -11.3% | |
| Q4 2019 | -23.3% | -14.0% | +76.0% | |
| Q3 2019 | -11.7% | -13.9% | +28.8% | |
| Q2 2019 | +0.2% | -3.6% | -5.1% | |
| Q1 2019 | -7.4% | -6.6% | -0.6% | |
| Q4 2018 | +0.6% | -1.6% | -8.0% | |
| Q3 2018 | -1.6% | +7.7% | +3.7% | |
| Q2 2018 | +9.7% | +41.5% | +88.7% | |
| Q1 2018 | -5.2% | -11.9% | -5.7% | |
| Q4 2017 | +8.4% | +15.8% | -8.4% | |
| Q3 2017 | -7.2% | -11.1% | +19.6% | |
| Q2 2017 | +0.9% | +5.3% | +12.3% | |
| Q1 2017 | -23.4% | -33.2% | -44.6% | |
| Q4 2016 | -15.8% | -19.0% | -21.5% | |
| Q3 2016 | -3.5% | -3.1% | -5.8% | |
| Q2 2016 | +4.2% | +19.3% | +62.5% | |
| Q1 2016 | -1.4% | — | — | |
| Q4 2015 | -2.9% | — | — | |
| Q3 2015 | +14.4% | — | — | |
| Q2 2015 | +5.4% | — | — | |
| Q1 2015 | -12.0% | — | — | |
| Q4 2014 | +1.3% | — | — | |
| Q3 2014 | +14.9% | — | — | |
| Q2 2014 | -2.7% | — | — | |
| Q1 2014 | +9.7% | — | — | |
| Q4 2013 | -5.7% | — | — | |
| Q3 2013 | +0.9% | — | — | |
| Q2 2013 | -4.4% | — | — | |
| Q1 2013 | +17.8% | — | — | |
| Q4 2012 | -6.5% | — | — | |
| Q3 2012 | -3.4% | — | — | |
| Q2 2012 | +3.3% | — | — | |
| Q1 2011 | +5.2% | — | — | |
| Q1 2012 | -1.2% | — | — | |
| Q4 2011 | -2.9% | — | — | |
| Q4 2009 | -2.9% | — | — | |
| Q3 2010 | -6.2% | — | — | |
| Q3 2011 | -6.2% | — | — | |
| Q2 2011 | -5.9% | — | — | |
| Q4 2010 | -5.9% | — | — | |
| Q2 2010 | -5.9% | — | — | |
| Q1 2010 | -0.8% | — | — |
Discussion
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