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Inseego Corp (INSG) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic ... [Yahoo! Finance]

Inseego Corp. (INSG) 
Last inseego corp. earnings: 3/11 04:23 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.inseego.com/investor-relations
Company Research Source: Yahoo! Finance
Gross Margin: Approximately 38%, up from 33% in the same quarter last year. Mobile Solutions Revenue Growth: Over 43% year over year. Services and Other Revenue Growth: 33% year over year. Debt Reduction: Reduced to $62 million, with a plan to further reduce to approximately $25 million. Operating Expenses: Non-GAAP operating expenses at 28% of revenue, improved from 34% in Q3 2023. Telematics Business Sale: Agreement to sell for $52 million, expected to close this quarter. Q4 2024 Revenue Guidance: $43 million to $47 million, 25% growth year over year at the midpoint. Q4 2024 Adjusted EBITDA Guidance: $3 million to $4 million, over 50% growth year over year at the midpoint. Warning! GuruFocus has detected 10 Warning Signs with INSG. Release Date: November 12, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Inseego Corp ( NASDAQ:INSG ) reported a 27% year-over-year revenue growth for Q3 2024, surpassing th Show less Read more
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