Inseego Corp. · NASDAQ:INSG
Inseego — Q2 2025 Earnings Presentation
20 slides from Inseego's earnings presentation, Aug 7, 2025
Slide 1: Q2 2025 Earnings Results
Q2 2025 EARNINGS RESULTS Aug 7, 2025
Slide 2: Inseego Financial Profile | Compelling Improvements & Trajectory
Inseego Financial Profile | Compelling Improvements & Trajectory Consistent Scalable Profitability Business Model Diversified Hardware & Expanding SaaS Revenue Streams Gross Margin Driving Sustainable Generating Revenue Growth Cash Flow Materially Reduced Divested Telematics Total Debt Including Por
Slide 3: Q2 2025 Financial Results | Beat Guidance
Q2 2025 Financial Results | Beat Guidance In the May 8, 2025 Q1 2025 Earnings call, the Company issued guidance for Q2 2025. On Aug 7, 2025, financial results for Q2 2025 were reported and represent a ‘beat’ on both revenue and ADJ EBITDA. Q2 2025 GUIDANCE RESULTS (May 8, 2025) (Aug 7, 2025) TOTAL R
Slide 4: Q2 2025 Financial Results | Selected Key Highlights
Q2 2025 Financial Results | Selected Key Highlights Inseego delivered healthy sequential revenue growth (+$8.5m) and profitability expansion in Q2 2025, accelerated by the successful launch of the Company’s highly-anticipated 5G FX4100 cellular FWA router at T-Mobile. Q2 2025 Financial Highlights In
Slide 5: Q2 2025 | Selected Business Highlights
Q2 2025 | Selected Business Highlights ✓ Launched our third generation FX4100 with T-Mobile, leveraging our new Edge Router OS, significantly upgraded Inseego Connect SaaS feature set, and new mesh Wi-Fi nodes. Initial sales momentum has already outpaced the adoption levels of our previous two gener
Slide 6: Total Revenue | Return to Sequential Revenue Growth
Total Revenue | Return to Sequential Revenue Growth Q2 2025 Product revenue grew sequentially by +43% on strong FWA growth following the successful next-generation launch of the FX4100. 54.0 ($ millions) 51.6 48.1 12.0 12.4 40.2 37.5 12.2 31.7 12.0 8.1 12.0 39.2 42.0 35.9 29.5 28.2 19.7 Q1 Q2 Q3 Q4
Slide 7: Product Revenue | Robust FWA Revenue Profile
Product Revenue | Robust FWA Revenue Profile FWA revenues grew +9% YoY, marking the highest level of FWA revenue in the trailing 8-quarters while total Product revenue declined on account of significant Mobile promotional activity in the prior year. ($ millions) 42.0 39.2 35.9 9.7 29.5 13.3 28.2 10.
Slide 8: Compelling Offering Portfolio | High-Value Services Contribution
Compelling Offering Portfolio | High-Value Services Contribution Healthy revenue mix from high-profitability Services & Other offerings. 21% 24% 22% 25% 30% 38% 79% 76% 78% 75% 70% 62% Q1 Q2 Q3 Q4 Q1 Q2 2024 2024 2024 2024 2025 2025 Product Revenue Mix Services & Other Revenue Mix 8
Slide 9: Gross Margin | Expanding Contribution
Gross Margin | Expanding Contribution The Company has materially improved its gross margin profile through a combination of improved revenue mix, favorable pricing, overall operational efficiencies, and channel contribution. 47.5% 41.2% 35.4% 36.5% 34.8% 37.4% GROSS MARGIN % (non-GAAP) Q1 Q2 Q3 Q4 Q
Slide 10: Operating Expense Efficiency | Improving Operations at Scale
Operating Expense Efficiency | Improving Operations at Scale Disciplined cost management is underlying stable operating expenditures and has created a platform for economies of scale on an operating expense to revenue ratio. Sales & Marketing Research & Development General & Administrative (non-GAAP
Slide 11: Profitability | Meaningful Shift & Expansion in Adj EBITDA Generation
Profitability | Meaningful Shift & Expansion in Adj EBITDA Generation The Company has significantly improved profitability since the beginning of 2024 following transformative changes and has delivered consistent double-digit Adj EBITDA margin % for the past five quarters. 13.2% 12.5% 11.6% 11.7% 11
Slide 12: Successful Reduction in Debt | Convertible Notes Paid-off May 1, 2025
Successful Reduction in Debt | Convertible Notes Paid-off May 1, 2025 • On May 1, 2025, Inseego paid-off the remaining $15m stub outstanding on the Company's convertible notes. • Including debt restructurings that occurred in 2024, the Company has lowered its debt position by more than $125m since J
Slide 13: Company Guidance | Q3 2025
Company Guidance | Q3 2025 (ISSUED: AUG 7, 2025) On the Company’s Q2 2025 Earnings Call on Aug 7, 2025, the Company provided the following guidance for Total Revenue and Adjusted EBITDA for Q3 2025: Q3 2025 GUIDANCE Total Revenue $40m - $43m Adj EBITDA $4m - $5m Implied margin 10–12% 13
Slide 14: Inseego Investment Highlights | Compelling Trajectory
Inseego Investment Highlights | Compelling Trajectory $24b TAM across the Mobile Broadband and Fixed Wireless Access markets Improved financial profile driving sustainable revenue growth, consistent profitability and cash flow generation Materially reduced debt and right-sized capital structure Uniq
Slide 15: Appendix
APPENDIX
Slide 16: Reconciliations to GAAP Financials
NON-GAAP NUMBERS Reconciliations to GAAP Financials
Slide 17: Gross Margin & OpEx | Three Months Ended June 30, 2025
GAAP TO NON-GAAP RECONCILIATION Gross Margin & OpEx | Three Months Ended June 30, 2025 Share-based Impairment of Compensation Capitalized ($ thousands) GAAP Expense Software Non-GAAP Revenues $ 40,223 $ - $ - $ 40,223 Cost of revenues 23,708 55 - 23,653 Gross Margin $ 16,515 $ 16,570 Gross Margin %
Slide 18: Income to Adjusted EBITDA | Three Months Ended June 30, 2025
GAAP TO NON-GAAP RECONCILIATION Income to Adjusted EBITDA | Three Months Ended June 30, 2025 ($ thousands) Three Months Ended June 30, 2025 Income from continuing operations $ 507 Income tax provision (benefit) 22 Interest expense, net 933 Other (income) expense, net (182) Depreciation and amortizat
Slide 19: Disclaimers
Disclaimers Safe Harbor Statement This presentation contains statements about expected future events that are forward-looking and subject to risks and uncertainties. For these statements, we claim the safe harbor for “forward-looking statements” within the meaning of the Private Securities Litigatio
Slide 20: www.inseego.com NASDAQ: INSG
www.inseego.com NASDAQ: INSG