Inseego Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Inseego (NASDAQ:INSG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$54.0m (up 11% from 3Q 2023).
• Net income: US$6.72m (up from US$22.6m loss in 3Q 2023).
• Profit margin: 12% (up from net loss in 3Q 2023).
• EPS: US$0.001 (up from US$1.93 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Inseego EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 8.2% growth forecast for the Communications industry in the US.

Performance of the American Communications industry.

The company's shares are down 35% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 5 warning signs for Inseego (of which 3 can't be ignored!) you should know about.

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