RCIAF - Inseego: 5G Technologies Will Also Be Used For Connected Cars

December, 15 2020 02:18 PM Rogers Communications Inc.

Inseego Corp. designs and develops wireless solutions, industrial internet of things solutions, and cloud systems for large clients.
In H1, cash increased by 247%, and total assets also increased by 38%, amounting to $223 million.
At $15-$18, the market capitalization equals $1.4-$1.7 billion. With 2021 sales of $448 million and debt of $162 million, INSG trades at 3.0x-3.7x sales.
I will be buying shares at 3x 2022 sales, which I believe is an adequate ratio for a company growing at 16% and 22% in 2021 and 2022, respectively.
In 2019, one client was responsible for 53% of the total amount of sales. If the client decides to reduce the business with INSG, the company’s sales figure could decline significantly.

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