Inseego CFO: Quarterly Revenue Exceeds Guidance, Retires Preferred Stock
Steven Gatoff, CFO of Inseego, added: "We delivered another quarter of sequential growth, with revenue and adjusted EBITDA both exceeding guidance. Strong gross margins, disciplined expense management, and effective working capital management drove meaningful operating leverage. In January, we were pleased to retire our Preferred Stock at a 38% discount to its aggregate liquidation preference, further strengthening the balance sheet and increasing stockholder value."