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Inseego Q2 Earnings Call Highlights
['Max Byerly']
Ticker Report
Product revenue totaled $31.7 million, or 72% of total revenue, up 12% year over year.
Fixed wireless access revenue was $14.4 million, including a large purchase from the newest tier-one carrier customer.
Sarvikas said Inseego completed the launch of its refreshed MiFi PRO M4 mobile-product family across all three North American tier-one carrier customers.
Inseego also cited the slower recovery of an existing large FWA carrier customer, which is working through changes to its enterprise go-to-market strategy and internal organization.
Management said a next-generation FWA product is expected to help restore that customer’s ordering run rate, although the recovery is taking longer than anticipated.