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Inseego Corp (INSG.OQ)

INSG.OQ on NASDAQ Stock Exchange Global Select Market

1.80USD
8 Dec 2017
Change (% chg)

$0.05 (+2.86%)
Prev Close
$1.75
Open
$1.77
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$1.84
Day's Low
$1.76
Volume
38,314
Avg. Vol
52,552
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$3.20
52-wk Low
$0.87

Latest Key Developments (Source: Significant Developments)

Inseego Corp to offer and sell up to 1.6 million shares
Wednesday, 8 Nov 2017 06:22am EST 

Nov 8 (Reuters) - Inseego Corp :Inseego Corp files prospectus relates to offer and sale by selling stockholders named herein of up to 1.6 million shares of co's common stock - SEC filing‍​.  Full Article

Inseego posts Q3 adjusted loss per share ‍$0.05
Thursday, 2 Nov 2017 04:05pm EDT 

Nov 2 (Reuters) - Inseego Corp :Inseego reports third quarter 2017 financial results.Q3 revenue $57.5 million versus I/B/E/S view $59.8 million.Inseego Corp qtrly loss per share ‍$0.23​.Inseego Corp qtrly adjusted loss per share ‍$0.05.Inseego Corp sees Inseego consolidated Q4 2017 revenue in a range of $45 million to $50 mln‍​.Inseego Corp sees Ctrack Q4 2017 revenue in a range of $15.5 million ‍​to $16 million.  Full Article

Inseego closes $48 million refinancing transaction
Thursday, 24 Aug 2017 07:03am EDT 

Aug 24 (Reuters) - Inseego Corp :Inseego closes $48 million refinancing transaction.Says ‍entered into a credit agreement with certain funds managed by Highbridge Capital Management, LLC on August 23, 2017​.Inseego Corp says ‍lenders provided company with a new term loan facility in principal amount of $48.0 million with a maturity date of August 23, 2020​.  Full Article

Inseego Corp appoints Stephen Smith as CFO
Monday, 21 Aug 2017 07:03am EDT 

Aug 21 (Reuters) - Inseego Corp ::Inseego Corp appoints chief financial officer.Says Stephen smith appointed CFO.Inseego Corp - ‍Tom Allen, who has served as company's interim CFO will continue to provide consulting services to company​.  Full Article

Inseego Q2 loss per share $0.21
Monday, 7 Aug 2017 04:03pm EDT 

Aug 7 (Reuters) - Inseego Corp :Inseego reports second quarter 2017 financial results.Q2 non-GAAP loss per share $0.08.Q2 loss per share $0.21.Q2 revenue $59.9 million versus I/B/E/S view $52.7 million.Q2 earnings per share view $-0.11 -- Thomson Reuters I/B/E/S.Inseego Corp says global subscribers grew by 5 percent sequentially and 19 percent year-over-year for Q2.Sees Q3 revenue $57.0 million - $63.0 million.Sees Q3 adjusted EBITDA $1.4 million - $2.4 million.Q3 earnings per share view $-0.07, revenue view $53.8 million -- Thomson Reuters I/B/E/S.  Full Article

Inseego announces termination of transaction with TCL
Wednesday, 7 Jun 2017 05:32pm EDT 

June 7 (Reuters) - Inseego Corp : :Inseego announces termination of transaction with TCL, leadership changes, and company-wide restructuring.Inseego Corp - ‍inseego and TCL terminate agreement to sell MIFI business​.Inseego Corp - ‍guides to positive free cash flow in Q4 2017​.Inseego Corp - ‍board-approved restructuring intended to streamline operations​.Inseego Corp - ‍targets minimum $25-30 million annualized adjusted EBITDA run-rate by year-end 2017​.Inseego Corp - ‍targets minimum $25-30 million annualized adjusted EBITDA run-rate by year-end 2017​.Inseego Corp - ‍philip Falcone elected as chairman of board of directors​.Inseego Corp - ‍dan Mondor named CEO​.Inseego Corp - ‍dan Mondor replacing Sue Swenson, CEO of inseego since 2015​.Inseego Corp - company will immediately execute a restructuring plan that is expected to result in a minimum of $15 million of annualized cost savings.Inseego Corp - ‍in addition, company is reviewing potential to monetize certain non-core assets, brands and IP​.  Full Article

Bruce Karsh reports 7.3 pct passive stake in Inseego - ‍​ sec filing
Wednesday, 31 May 2017 04:21pm EDT 

May 31 (Reuters) - Inseego Corp :Bruce Karsh reports 7.3 percent passive stake in Inseego Corp as of may 26, 2017 - ‍​ sec filing.  Full Article

Inseego reports Q1 revenue $55.4 million
Wednesday, 10 May 2017 04:05pm EDT 

May 10 (Reuters) - Inseego Corp :Inseego reports first quarter 2017 financial results.Q1 non-GAAP loss per share $0.14.Q1 loss per share $0.28.Q1 revenue fell 17.2 percent to $55.4 million.Inseego Corp says subscribers for ctrack iot telematics solutions grew by 15.7% year-over-year for Q1.Inseego Corp says sale of Mifi Mobile Broadband Business to T.C.L. remains subject to regulatory approval by Cfius.Inseego Corp sees Q2 SAAS, software and services revenue $14.0 million - $15.0 million.  Full Article

Inseego announces CFO transition
Wednesday, 10 May 2017 04:00pm EDT 

May 10 (Reuters) - Inseego Corp ::Inseego announces CFO transition.Inseego Corp - Newman will be replaced by interim CFO Tom Allen.Inseego Corp says Inseego will undertake a comprehensive search for a permanent CFO.Michael Newman, chief financial officer, has decided to resign from his position effective May 15, 2017.Inseego Corp - Allen previously served as interim CFO for Inseego's predecessor company, Novatel Wireless.  Full Article

Inseego corp provides update on CFIUS process and planned sale of MIFI business
Monday, 24 Apr 2017 08:05am EDT 

April 24 (Reuters) - Inseego Corp :Provides update on cfius process and planned sale of MIFI business.In connection with Co's proposed sale of Novatel Wireless, on April 24, 2017, parties voluntarily withdrew & re-filed joint voluntary notice.If deal prohibited by U.S. government, Co to be compelled to pursue other strategic alternatives with respect to MIFI business.Withdrawal of notice intended to provide time for parties,CFIUS to seek mitigation agreement that would enable CFIUS to approve deal.  Full Article

BRIEF-‍Maguire Asset Management​ buys Inseego's shares taking its stake to 8.8 pct in co

* ‍MAGUIRE ASSET MANAGEMENT​ SAYS IT RECENTLY BOUGHT 516,676 SHARES OF INSEEGO CORP'S SHARES BECAUSE IT BELIEVES THE CO'S STOCK IS SIGNIFICANTLY UNDERVALUED