2023-05-03 16:12:43 ET
- Inseego press release ( NASDAQ: INSG ): Q1 Non-GAAP EPS of -$0.02 beats by $0.06 .
- Revenue of $50.79M (-17.3% Y/Y) beats by $2.04M .
- FWA and Cloud software revenue comprised 53% of revenue in Q1, up 35% year-over-year
- Continued expansion of 5G FWA customer pipeline
- 100% of enterprise FWA deployments included cloud software in Q1
- Enterprise SaaS solutions revenue $7.2 million, up 4.2% year-over-year
- Gross margin 36%, up 9.3% year-over-year.
- Shares +25.68% .
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Inseego Non-GAAP EPS of -$0.02 beats by $0.06, revenue of $50.79M beats by $2.04M