Recent Updates — INSG
Inseego Corp. completed the acquisition of Nokia’s fixed wireless access (FWA) business on October 1, 2026. Inseego issued 1,163,693 shares and warrants for 521,139 shares to Nokia as consideration, while Nokia invested $10 million in cash for 775,795 shares and warrants for 290,569 shares. Nokia now holds approximately an 11% ownership stake. An amendment requires Nokia to pay an additional $10 million by October 15, 2026, to support engineering interoperability efforts. The transaction is expected to double Inseego’s revenue and expand its global footprint across Europe, the Middle East, Asia, Oceania, and the Americas. Inseego Corp. operates in the wireless broadband industry, providing cellular gateways, hotspots, routers, and cloud management software.
On September 14, 2026, Stephen Bye resigned from Inseego Corp.'s Board of Directors, effective September 30, 2026. The resignation follows his appointment as Chief Executive Officer of WW International, Inc., and was not due to any disagreements regarding operations or policies. Inseego Corp. operates in the wireless communications industry, providing mobile broadband solutions.
Inseego Corp. reported preliminary financial results for the quarter ended June 30, 2026, on August 5, 2026. The company achieved total revenue of $44.0 million and Adjusted EBITDA of $0.5 million, while reporting a GAAP net loss of $8.4 million. Management noted that Q2 revenue exceeded guidance due to diversification in its customer base and product portfolio. Key operational milestones included launching the refreshed Mobile product family across all three North American Tier-1 carriers (AT&T, T-Mobile, Verizon) and expanding a working capital facility with BMO Bank from $15.0 million to $20.0 million. The company provided Q3 2026 revenue guidance of $28.0 million to $35.0 million and full-year 2026 revenue guidance of approximately $155 million, while anticipating the closing of its FWA acquisition with Nokia in Q4 2026. Inseego Corp. operates in the wireless edge technology industry, providing cloud-first connectivity solutions including 5G routers, mobile hotspots, and IoT platforms.