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)
Company profile
Ticker
INSG
Exchange
Website
CEO
Dan Mondor
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
NOVATEL WIRELESS INC
SEC CIK
Corporate docs
Subsidiaries
Inseego Wireless, Inc. • Inseego (UK) Ltd • Novatel Wireless Australia Pty Ltd • Novatel Wireless Asia Ltd • Novatel Wireless (Shanghai) Co. Ltd. • R.E.R. Enterprises, Inc. • Inseego North America, LLC • Ctrack Holdings (Pty) Ltd • Dedical (Pty) Ltd • DigiCore Properties (Pty) Ltd ...
IRS number
860824673
INSG stock data
Latest filings (excl ownership)
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
10-Q
2023 Q3
Quarterly report
2 Nov 23
8-K
Inseego Reports Third Quarter 2023 Financial Results
2 Nov 23
8-K/A
Submission of Matters to a Vote of Security Holders
30 Oct 23
8-K
Departure of Directors or Certain Officers
30 Oct 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
10 Oct 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
26 Sep 23
Transcripts
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 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
INSG
Earnings call transcript
2021 Q4
2 Mar 22
INSG
Earnings call transcript
2021 Q3
4 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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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) | 18.95 mm | 18.95 mm | 18.95 mm | 18.95 mm | 18.95 mm | 18.95 mm |
Cash burn (monthly) | (no burn) | (no burn) | 6.12 mm | 3.31 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 41.98 mm | 22.72 mm | n/a | n/a |
Cash remaining | n/a | n/a | -23.03 mm | -3.77 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | -3.8 | -1.1 | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 89 |
Opened positions | 11 |
Closed positions | 22 |
Increased positions | 12 |
Reduced positions | 32 |
13F shares | Current |
---|---|
Total value | 15.47 bn |
Total shares | 60.94 mm |
Total puts | 180.40 k |
Total calls | 67.30 k |
Total put/call ratio | 2.7 |
Largest owners | Shares | Value |
---|---|---|
Aviva | 20.65 mm | $8.67 bn |
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 |
Vanguard | 4.30 mm | $1.81 bn |
Millennium Management | 1.73 mm | $727.74 mm |
Gsa Capital Partners | 1.60 mm | $674.09 mm |
BLK Blackrock | 1.09 mm | $457.69 mm |
Jacobs Levy Equity Management | 843.34 k | $354.20 mm |
Geode Capital Management | 837.72 k | $351.95 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
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 |
29 Sep 23 | Harland Christopher | Common Stock | Grant | Acquire A | No | No | 0 | 215,517 | 0.00 | 321,820 |
29 Sep 23 | Stephanie Lynne Bowers | Common Stock | Grant | Acquire A | No | No | 0 | 215,517 | 0.00 | 293,912 |
29 Sep 23 | Tuder Jeffrey | Common Stock | Grant | Acquire A | No | No | 0 | 215,517 | 0.00 | 416,366 |
News
12 Information Technology Stocks Moving In Friday's Intraday Session
19 Apr 24
Inseego Voluntarily Pays-Off And Terminates Asset-Backed Loan Facility To Improve Capital Structure Flexibility And Meaningfully Reduce Financing Costs
18 Apr 24
12 Information Technology Stocks Moving In Friday's After-Market Session
29 Mar 24
TD Cowen Maintains Market Perform on Inseego, Raises Price Target to $3.5
13 Mar 24
12 Information Technology Stocks Moving In Friday's Intraday Session
8 Mar 24
Press releases
Inseego Voluntarily Pays-off and Terminates Asset-Backed Loan Facility to Improve Capital Structure Flexibility and Meaningfully Reduce Financing Costs
18 Apr 24
Inseego Corp. to Report First Quarter 2024 Financial Results on May 9, 2024
15 Apr 24
Inseego Corp. to Report Fourth Quarter and Full Year 2023 Financial Results on Feburary 21, 2024
1 Feb 24