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Inseego Corp (INSG.OQ)

INSG.OQ on NASDAQ Stock Exchange Global Select Market

1.71USD
13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Inseego Corp to offer and sell up to 1.6 million shares
Wednesday, 8 Nov 2017 

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 

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 Corp updates on CFIUS process and sale of Novatel Wireless Inc
Thursday, 25 May 2017 

May 25 (Reuters) - Inseego Corp :Inseego Corp updates on CFIUS process and sale of Novatel Wireless Inc.In connection with proposed sale, parties informed by CFIUS that review period extended into investigation period which may last up to 45 days.Believes CFIUS process will conclude on or prior to July 10, 2017.  Full Article

Novatel Wireless:T.C.L.,Jade Ocean Global to pay $4 mln fee to NEWCO in case of termination
Thursday, 22 Sep 2016 

Novatel Wireless Inc :If either party terminates deal under certain circumstances, T.C.L., Jade Ocean Global limited to pay NEWCO termination fee of $4 million.  Full Article

Novatel Wireless enters into agreement to sell its mobile broadband business for $50 mln
Thursday, 22 Sep 2016 

Novatel Wireless Inc : Novatel Wireless enters into agreement to sell its mobile broadband (MIFI®) business for $50,000,000 . Novatel wireless will sell to TCL its mobile broadband business for a cash payment of $50 million payable at closing . After closing of transaction, ctrack is expected to account for approximately 70 pct of total corporate revenue. . Commencing in q1 after closing of TCL deal, estimate that newco will be generating approximately $90 million in annualized revenues . Each share of Novatel wireless will automatically convert into an equivalent corresponding share of common stock of newco . Estimate NEWCO will be generating annual non-gaap gross margin of more than 60 pct and annual adjusted EBITDA margin of approximately 10 pct . Closing of transaction is expected to occur in q1 of 2017. . Intends to undertake a holding company restructuring which will result in newco owning all of capital stock of Novatel wireless .Newly-Formed unit of NEWCO and an indirect wholly-owned subsidiary of Novatel Wireless will be merged with and into Novatel Wireless.  Full Article

Novatel Wireless says approves a restructuring plan
Wednesday, 3 Aug 2016 

Novatel Wireless Inc : Restructuring resulted in reduction of headcount of novatel wireless by 45 persons, or approximately 24% . Size of ctrack and fw's workforces were not impacted . Restructuring is expected to yield approximately $8 million of annual cost savings . Estimates that restructuring will be fully implemented by q4 of 2016 . Expects to recognize approximately $0.5 million of pre-tax restructuring charges consisting of employee severance payments .Approved a restructuring plan.  Full Article

Novatel Wireless Q1 loss per share $0.22
Monday, 9 May 2016 

Novatel Wireless Inc : Sees q2 revenue $57 million - $63 million , non-gaap net loss per share $0.08 - $0.05 . Q1 earnings per share view $-0.07, revenue view $60.4 million -- Thomson Reuters I/B/E/S . Novatel wireless reports first quarter 2016 financial results . Q1 non-gaap loss per share $0.08 . Q1 loss per share $0.22 . Q1 revenue rose 25 percent to $66.9 million .Q1 earnings per share view $-0.07 -- Thomson Reuters I/B/E/S.  Full Article

Novatel Wireless, Inc to sell Telematics Hardware Business to Micronet Enertec Technologies
Thursday, 18 Feb 2016 

Novatel Wireless, Inc:To sell telematics hardware business to Micronet Enertec Technologies.Says deal valued at $24 million.Says Novatel Wireless will receive $12 million in cash upon the closing of the transaction.Says in addition, Novatel Wireless and Micronet will enter into a manufacturing and supply agreement.Co will receive 2 payments of $6 million on each of the first and second anniversaries of the date of completion of the transaction.Each company's board of directors approved the proposed transaction, which is expected to close by the end of the first quarter 2016.  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