Inseego: Q2 Earnings Snapshot

August 8, 2022 GMT

ALPHARETTA, Ga. (AP) _ Inseego Corp. (INSG) on Monday reported a loss of $12.4 million in its second quarter.

On a per-share basis, the Alpharetta, Georgia-based company said it had a loss of 12 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 9 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.

The holding company posted revenue of $61.9 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $62.6 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INSG at https://www.zacks.com/ap/INSG