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Inseego +9.8% after revenue beat, solid guidance

Published 08/07/2018, 06:15 PM
© Reuters.  Inseego +9.8% after revenue beat, solid guidance
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  • Inseego (NASDAQ:INSG) is up 9.8% in moderate after-hours trading following a beat on Q2 revenues (despite a double-digit decline) that contained upbeat current-quarter guidance.
  • Gross profit ticked up slightly to $17.66M; operating loss narrowed substantially, to $822,000 from a year-ago loss of $5.6M, on substantially lower operating expenses.
  • Net loss narrowed to $6.68M from a year-ago loss of $12M.
  • Revenue by segment: IoT and Mobile Solutions, $31.7M (down 26.6%); Enterprise SaaS solutions, $17.3M (up 4%).
  • For Q3, it's guiding to revenues of $49M-$56M (above consensus for $47.7M) and EBITDA of $3.8M-$4.8M (vs. $4.7M consensus).
  • Cash and equivalents came to $18.9M.
  • Press release
  • Now read: Maxwell Technologies -14.9% on Q2 misses, downside guidance


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