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INSEEGO CORP.

CIK: 10226522 Annual ReportsLatest: 2025-04-29

10-K / April 29, 2025

Revenue:$191,244,000
Income:$4,572,000

10-K / April 30, 2024

Revenue:$195,688,000
Income:-$46,185,000

10-K / April 29, 2025

Company Overview: Inseego Corp.

Business Focus:
Inseego Corp. is a technology company primarily engaged in providing connected computing and communications solutions. The company's expertise spans the wireless communications industry, with a focus on connected devices, IoT solutions, and mobile broadband products.

Key Details from the 10-K/A Amendment:

  • Number of Employees: Not explicitly specified in the provided excerpt.
  • Number of Customers: Not explicitly specified.
  • Revenue and Income: Not provided in the excerpt.
  • Operational Focus:
    • Development and sale of wireless hardware and software solutions.
    • Services related to IoT, 5G connectivity, and enterprise networking.
    • Products include mobile hotspots, routers, and IoT modules designed for various enterprise and consumer applications.

Ownership and Stock Information:

  • The company’s common stock is traded on the Nasdaq Global Select Market under the symbol INSG.
  • As of February 14, 2025, there were approximately 15,006,340 shares of common stock outstanding.
  • The aggregate market value of voting common stock held by non-affiliates was approximately $98.9 million (based on June 30, 2024, closing price).

Corporate Governance and Management:

  • The Board of Directors comprises five members, with specific expertise in finance, international markets, and wireless technology.
  • The CEO as of January 2025 is Juho Sarvikas, with previous experience at Qualcomm, Nokia, and HMD Global, indicating a strong leadership background in wireless communication.

Financial Highlights (from the provided excerpt):

  • Specific revenue, net income, or other financial metrics are not included in the summary.
  • The company reports annual financial statements and has filed amendments to disclose details in the Form 10-K/A.

Additional Context:

  • The company has a history of structuring executive compensation around performance metrics, equity awards, and severance arrangements related to change-in-control events.
  • The company’s securities include common stock and various warrants, with institutional investors holding significant beneficial ownership stakes.

Summary:
Inseego Corp. is a publicly traded, technology-focused firm specializing in wireless and IoT device solutions, with a market capitalization of nearly $100 million, substantial insider and institutional holdings, and a leadership team with extensive experience in the wireless communications sector. Financial details such as revenue and net income are not specified within the provided excerpt.