novatel wireless, inc. (nasdaq:mifi) is a leading global provider of solutions for the internet of things (iot), including software-as-a-service (saas) solutions for the fleet telematics market. the company's product lines include the ctrack™ fleet and vehicle telematics platform, feeney wireless (fw) iot consulting services, appliances and device management solutions, along with novatel wireless's mifi® intelligent mobile hotspots and modems, embedded modules, mobile tracking solutions, and asset tracking and monitoring solutions. these innovative products and solutions provide anywhere, anytime communications and analytics for consumers and businesses of all sizes, with approximately 155,000 subscribed fleet vehicles for ctrack among the company's 510,000 global subscribers. novatel wireless is headquartered in sunny san diego, california. http://www.novatelwireless.com. @mifi (twitter)
![Inseego logo](/files/LOGO/1022652-INSG.png)
Company profile
Ticker
INSG
Exchange
Website
CEO
Dan Mondor
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Iridium Communications • Esco • Lumentum • UTStarcom • Turtle Beach • Senstar Technologies • Iteris • NAPCO Security • PowerFleet • Track ...
Former names
NOVATEL WIRELESS INC
SEC CIK
Corporate docs
Subsidiaries
Inseego Wireless, Inc. • Inseego Wireless UK Limited • Inseego Japan K.K. • Inseego India Private Limited • Novatel Wireless Australia Pty Ltd. • Novatel Wireless Asia Ltd. • Novatel Wireless (Italy) S.r.l. • Novatel Wireless (Shanghai) Co. Ltd. • Inseego North America, LLC • Inseego SA (Pty) Ltd. ...
IRS number
860824673
INSG stock data
Latest filings (excl ownership)
8-K
Unregistered Sales of Equity Securities
22 Jul 24
8-K
Entry into a Material Definitive Agreement
1 Jul 24
SD
Conflict minerals disclosure
31 May 24
10-Q
2024 Q1
Quarterly report
9 May 24
8-K
Inseego Reports First Quarter 2024 Financial Results
9 May 24
10-K/A
2023 FY
Annual report (amended)
30 Apr 24
8-K
Termination of a Material Definitive Agreement
18 Apr 24
10-K
2023 FY
Annual report
21 Feb 24
8-K
Inseego reports Fourth Quarter and Full Year 2023 Financial Results and announces CEO transition
21 Feb 24
8-K
Material Modifications to Rights of Security Holders
23 Jan 24
Transcripts
INSG
Earnings call transcript
2024 Q1
9 May 24
INSG
Earnings call transcript
2023 Q4
21 Feb 24
INSG
Earnings call transcript
2023 Q3
2 Nov 23
INSG
Earnings call transcript
2023 Q2
2 Aug 23
INSG
Earnings call transcript
2023 Q2
2 Aug 23
INSG
Earnings call transcript
2023 Q1
3 May 23
INSG
Earnings call transcript
2022 Q4
1 Mar 23
INSG
Earnings call transcript
2022 Q3
2 Nov 22
INSG
Earnings call transcript
2022 Q2
8 Aug 22
INSG
Earnings call transcript
2022 Q1
5 May 22
Latest ownership filings
3
Initial statement of insider ownership
8 Jul 24
4
PHILIP G BRACE
2 Jul 24
SC 13D/A
LEWIS JOSEPH
2 Jul 24
4
JOSEPH LEWIS
2 Jul 24
4
JEFFREY TUDER
3 Oct 23
4
Christopher H. Lytle
3 Oct 23
4
Christopher Harland
3 Oct 23
4
PHILIP G BRACE
3 Oct 23
4
Stephanie Lynne Bowers
3 Oct 23
4
JOSEPH LEWIS
3 Oct 23
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 12.30 mm | 12.30 mm | 12.30 mm | 12.30 mm | 12.30 mm | 12.30 mm |
Cash burn (monthly) | (no burn) | (no burn) | 1.41 mm | 3.08 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 5.44 mm | 11.89 mm | n/a | n/a |
Cash remaining | n/a | n/a | 6.86 mm | 406.47 k | n/a | n/a |
Runway (months of cash) | n/a | n/a | 4.9 | 0.1 | n/a | n/a |
Institutional ownership, Q1 2024
13F holders | Current |
---|---|
Total holders | 21 |
Opened positions | 10 |
Closed positions | 3 |
Increased positions | 0 |
Reduced positions | 7 |
13F shares | Current |
---|---|
Total value | 2.48 bn |
Total shares | 25.33 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Golden Harbor | 14.91 mm | $107.94 mm |
Maguire Asset Management | 4.82 mm | $95.16 mm |
North Sound Trading | 4.79 mm | $71.97 mm |
Simplicity Wealth,LLC | 761.48 k | $2.13 bn |
Stratos Wealth Partners | 20.94 k | $58.63 mm |
Commonwealth Equity Services | 14.17 k | $40.00 k |
Armstrong Advisory | 10.00 k | $2.20 mm |
BNP Paribas Arbitrage | 5.08 k | $14.21 mm |
Capital Advisors | 4.40 k | $12.00 k |
Proequities | 257.00 | $719.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Jun 24 | Lewis Joseph | Warrants Common Stock | Grant | Acquire A | Yes | No | 12.12 | 465,385 | 5.64 mm | 465,385 |
28 Jun 24 | Philip G Brace | Warrant Common Stock | Grant | Acquire A | No | No | 12.12 | 28,205 | 341.84 k | 28,205 |
29 Sep 23 | Tavistock Financial | Common Stock | Grant | Acquire A | No | No | 0 | 215,517 | 0.00 | 356,903 |
29 Sep 23 | Christopher H. Lytle | Common Stock | Grant | Acquire A | No | No | 0 | 215,517 | 0.00 | 589,595 |
News
Why NIO Shares Are Trading Lower By Over 8%? Here Are Other Stocks Moving In Friday's Mid-Day Session
5 Jul 24
12 Information Technology Stocks Moving In Thursday's Intraday Session
4 Jul 24
12 Information Technology Stocks Moving In Thursday's Intraday Session
13 Jun 24
12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
12 Jun 24
12 Information Technology Stocks Moving In Monday's After-Market Session
3 Jun 24
Press releases
Inseego Adds to Operational Leadership Team with New Appointments
24 Jul 24
Inseego Corp. to Report Second Quarter 2024 Financial Results on August 7, 2024
15 Jul 24
Inseego Announces Industry's First FIPS 140-2 Certified 5G Mobile Hotspot, MiFi® X PRO
21 May 24
Inseego Reports First Quarter 2024 Financial Results
9 May 24