--- title: "Inseego | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 34.34 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285795002.md" datetime: "2026-05-09T04:04:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285795002.md) - [en](https://longbridge.com/en/news/285795002.md) - [zh-HK](https://longbridge.com/zh-HK/news/285795002.md) --- # Inseego | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 34.34 M Revenue: As of FY2026 Q1, the actual value is USD 34.34 M, missing the estimate of USD 34.4 M. EPS: As of FY2026 Q1, the actual value is USD 0.65. EBIT: As of FY2026 Q1, the actual value is USD -2.505 M. Inseego Corp. operates as a single reportable segment, with its Chief Executive Officer assessing performance and allocating resources based on consolidated operations and financial results . #### Revenue by Category - **Mobile solutions revenue** decreased by - $1.1 million, or -6.2%, to $16.688 million for the three months ended March 31, 2026, compared to $17.790 million in the prior year, primarily due to decreased sales with a carrier partner . - **Fixed wireless access solutions revenue** increased by $3.4 million, or 179.2%, to $5.314 million for the three months ended March 31, 2026, compared to $1.903 million in the prior year, driven by the launch of a current generation indoor FWA solution . - **Product revenue** totaled $22.002 million for the three months ended March 31, 2026, an increase of $2.309 million or 11.7% from $19.693 million in the prior year . - **Software services and other revenue** increased by $0.4 million, or 3.0%, to $12.336 million for the three months ended March 31, 2026, compared to $11.980 million in the prior year, mainly due to increased revenue from Inseego Connect . - **Total revenues** for the three months ended March 31, 2026, were $34.338 million, an increase of $2.665 million or 8.4% from $31.673 million in the prior year . #### Operational Metrics - **Cost of revenues** increased to $17.741 million (51.7% of revenues) for the three months ended March 31, 2026, from $16.690 million (52.7% of revenues) in the prior year . Product cost of revenues increased by $1.0 million, and software services and other cost of revenues increased by $0.1 million . - **Gross profit** was $16.597 million for the three months ended March 31, 2026, compared to $14.983 million in the prior year, with a gross margin of 48.3% (up from 47.3% in the prior year) due to an increased proportion of higher-margin service and FWA revenues . - **Operating loss** increased to - $3.566 million for the three months ended March 31, 2026, compared to - $0.424 million in the prior year . - **Operating costs and expenses** totaled $20.163 million for the three months ended March 31, 2026, up from $15.407 million in the prior year . - **Research and development expenses** increased by $1.275 million, or 28.1%, to $5.810 million, primarily due to increased compensation costs from higher headcount and increased outside services for product development . - **Sales and marketing expenses** increased by $1.688 million, or 42.9%, to $5.622 million, mainly due to increased compensation costs from higher headcount and increased share-based compensation expense . - **General and administrative expenses** increased by $2.447 million, or 54.5%, to $6.937 million, primarily due to non-recurring transaction costs related to the Preferred Stock Exchange Agreement and Nokia FWA business purchase, and increased share-based compensation . - **Depreciation and amortization expenses** decreased by - $0.270 million, or -13.1%, to $1.794 million . - **Impairment of capitalized software** was $0.0 million for the three months ended March 31, 2026, compared to $0.384 million in the prior year . - **Interest expense** was - $1.061 million for the three months ended March 31, 2026, compared to - $1.026 million in the prior year . - **Other income (expense), net** was $0.125 million for the three months ended March 31, 2026, a decrease from $0.303 million in the prior year, mainly due to lower interest-bearing cash balances . - **Net loss** was - $4.536 million for the three months ended March 31, 2026, compared to - $1.570 million in the prior year . - **Net income (loss) attributable to common stockholders** was $10.564 million for the three months ended March 31, 2026, compared to - $2.434 million in the prior year, significantly impacted by a $15.100 million preferred stock exchange deemed contribution . #### Cash Flow - **Net cash provided by operating activities** was $1.715 million for the three months ended March 31, 2026, compared to net cash used of - $3.467 million in the prior year . - **Net cash used in investing activities** was - $3.947 million for the three months ended March 31, 2026, compared to - $1.015 million in the prior year . - **Net cash used in financing activities** was - $3.333 million for the three months ended March 31, 2026, compared to $0.042 million provided in the prior year . - **Cash and cash equivalents** at March 31, 2026, totaled $19.297 million, a decrease from $24.886 million at the beginning of the period . #### Debt and Liquidity - Inseego Corp. has a $15.0 million secured asset-backed revolving credit facility maturing on August 5, 2028, with $14.5 million available to borrow as of March 31, 2026 . - As of March 31, 2026, $48.9 million in principal of the 2029 Senior Secured Notes was outstanding, with an annualized effective interest rate of 8.0% for the three months ended March 31, 2026 . - Noncancellable purchase obligations totaled approximately $127.1 million as of March 31, 2026 . #### Strategic Summary and Outlook Inseego Corp. entered into an Asset Purchase Agreement to acquire substantially all of Nokia’s fixed wireless access business . The purchase price includes common stock, warrants, and assumed liabilities . Nokia will not compete in certain FWA product areas for three years post-closing and will reimburse Inseego Corp. for negative EBITDA from the Nokia FWA Business, capped at $38.0 million, for the first 12 months after closing . 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