Inseego Reports 8.4% Revenue Growth to $34.3 Million in Q1 2026

Inseego Corp. reported a revenue increase of 8.4% for the first quarter of 2026, totaling $34.3 million compared to $31.7 million in the same period of 2025. The growth was driven by a significant rise in fixed wireless access solutions, which surged by 179.2% to $5.3 million, attributed to the successful launch of a new indoor solution. However, mobile solutions revenue declined by 6.2% to $16.7 million, primarily due to decreased sales with a key carrier partner. The company also saw a modest increase in software services and other revenue, which rose by 3.0% to $12.3 million.

Despite the revenue growth, Inseego reported a net loss of $4.5 million for the quarter, compared to a loss of $1.6 million in the prior year. The increase in losses was largely due to higher operating costs, which rose by 30.9% to $20.2 million. This increase was driven by significant rises in research and development expenses, which grew by 28.1% to $5.8 million, and general and administrative expenses, which increased by 54.5% to $6.9 million. The company attributed these increases to higher compensation costs and non-recurring transaction costs related to recent strategic agreements.

In terms of strategic developments, Inseego completed a significant preferred stock exchange agreement on January 14, 2026, which involved the surrender of all outstanding shares of its Series E Preferred Stock in exchange for $10 million in cash, common stock, and additional senior secured notes. This transaction reduced the company's stockholders' deficit from $4.0 million at the end of 2025 to $25.4 million as of March 31, 2026. Additionally, on April 30, 2026, Inseego entered into an asset purchase agreement with Nokia to acquire its fixed wireless access business, which is expected to enhance Inseego's product offerings and market position.

Operationally, Inseego's cash and cash equivalents decreased to $19.3 million from $24.9 million at the end of 2025. The company reported positive cash flows from operations of $1.7 million for the quarter, a significant improvement from the negative cash flows of $3.5 million in the same period last year. The company’s total liabilities increased to $109.6 million, up from $97.9 million, primarily due to the issuance of additional senior secured notes as part of the preferred stock exchange agreement.

Looking ahead, Inseego remains focused on expanding its market presence and product offerings, particularly in the fixed wireless access segment. The company anticipates that the acquisition of Nokia's assets will bolster its capabilities and drive future growth. However, Inseego also acknowledges the challenges posed by market conditions, including reliance on a limited number of customers and the need to manage operational costs effectively to achieve profitability.