Inseego (Novatel Wireless)

Inseego (formerly known as Novatel Wireless, Inc.) is a provider of wireless broadband access solutions for the worldwide mobile communications market. The Company's solutions enable the mobile workforce to increase productivity, improve operational efficiencies and maintain a competitive edge.

Novatel Wireless delivers a broad range of high-quality, 3G wireless PC cards, ExpressCards, USB modems, embedded modules, fixed and mobile terminal solutions and communication software to wireless network operators, distributors, original equipment manufacturers, and vertical markets worldwide. Its solutions provide mobile marketplace with secure and convenient high-speed access to corporate, public and personal information through the Internet and enterprise networks. The Company also offers an extensive technical expertise to its customers to facilitate the use and integration of its products.

Company Growth (employees)
Type
Public
HQ
San Diego, US
Founded
1996
Size (employees)
1,173 (est)-11%
Inseego (Novatel Wireless) was founded in 1996 and is headquartered in San Diego, US

Inseego (Novatel Wireless) Office Locations

Inseego (Novatel Wireless) has an office in San Diego
San Diego, US (HQ)
9645 Scranton Road

Inseego (Novatel Wireless) Data and Metrics

Inseego (Novatel Wireless) Financial Metrics

Inseego (Novatel Wireless)'s revenue was reported to be $55.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

55.4 m

Net income (Q1, 2017)

(16.1 m)

EBIT (Q1, 2017)

(11 m)

Market capitalization (20-Jul-2017)

79.5 m

Closing share price (20-Jul-2017)

1.4

Cash (31-Mar-2017)

6.4 m
Inseego (Novatel Wireless)'s current market capitalization is $79.5 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

335.1 m185.2 m220.9 m243.6 m

Revenue growth, %

(45%)19%10%

Cost of goods sold

266.8 m148.2 m162 m

Gross profit

68.3 m37 m59 m

Gross profit Margin, %

20%20%27%

Sales and marketing expense

29.8 m

R&D expense

30.7 m

General and administrative expense

52.4 m

Operating expense total

111.5 m72.6 m96.7 m121.3 m

EBIT

(43.2 m)(35.6 m)(37.8 m)(45 m)

EBIT margin, %

(13%)(19%)(17%)(18%)

Interest expense

85 k7.2 m(15.6 m)

Interest income

85 k7.2 m

Pre tax profit

(43.3 m)(39.1 m)(52.1 m)(60.2 m)

Income tax expense

83 k124 k181 k381 k

Net Income

(43.4 m)(39.7 m)(52.3 m)(60.6 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

37.3 m44.3 m53.5 m54.8 m54.6 m62.8 m60.9 m55.4 m

Cost of goods sold

33.3 m33.8 m40.9 m39.5 m40.1 m

Gross profit

4 m10.5 m12.6 m15.3 m14.5 m

Gross profit Margin, %

11%24%24%28%27%

Sales and marketing expense

3 m2.8 m4.2 m4.2 m3.9 m7.8 m8.4 m8 m7.2 m

R&D expense

8.5 m7 m10.8 m9.7 m7.7 m8 m8.3 m7.9 m6.3 m

General and administrative expense

4.4 m3.4 m5.4 m9 m9.1 m10.2 m10 m14.6 m12 m

Operating expense total

16 m13.2 m20.3 m22.9 m20.7 m26 m26.6 m30.4 m25.5 m

EBIT

(17.4 m)(3.9 m)(7.7 m)(8.2 m)(7.5 m)(6.3 m)(4.6 m)(11.9 m)(11 m)

EBIT margin, %

(47%)(9%)(14%)(15%)(14%)(7%)(20%)(20%)

Interest expense

(63 k)(74 k)(838 k)(2.4 m)(3.9 m)(3.9 m)(3.9 m)(4.2 m)

Interest income

(63 k)(74 k)(838 k)

Pre tax profit

(17.4 m)(8.8 m)(7.8 m)(9.1 m)(20.8 m)(11.6 m)(2.7 m)(19.4 m)(15.8 m)

Income tax expense

24 k24 k20 k74 k45 k331 k(10 k)(799 k)305 k

Net Income

(17.4 m)(8.8 m)(7.8 m)(9.2 m)(20.8 m)(11.9 m)(2.7 m)(18.6 m)(16.1 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

2.9 m17.9 m12.6 m9.9 m

Inventories

27.8 m37.8 m55.8 m31.1 m

Current Assets

95.6 m87.8 m111 m68.4 m

PP&E

8.8 m8.4 m

Goodwill

29.5 m34.4 m

Total Assets

111.5 m95 m198.8 m158.7 m

Accounts Payable

24.5 m34.5 m35.3 m31.2 m

Current Liabilities

54.7 m58.4 m64.2 m62.4 m

Total Liabilities

176.4 m

Additional Paid-in Capital

441.4 m466.7 m502.3 m507.6 m

Retained Earnings

(371.5 m)(411.2 m)(463.5 m)(524 m)

Total Equity

44.9 m30.5 m(17.7 m)

Financial Leverage

2.5 x6.5 x-9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

8.9 m20.2 m9.4 m17.9 m10.2 m8.3 m18.5 m17.2 m6.4 m

Inventories

28.1 m46.3 m39.6 m40.2 m48.3 m34.3 m40 m29.4 m

Current Assets

77.3 m84.8 m96.9 m187.4 m93.9 m99.7 m94.3 m97 m75.4 m

Goodwill

1.8 m1.7 m3.2 m30.9 m31.1 m33.1 m35 m

Total Assets

86.9 m93 m126 m214.7 m198 m188.9 m183 m185.6 m165.6 m

Accounts Payable

26.9 m29.9 m38.5 m27 m28.1 m25.9 m19.9 m32.4 m45 m

Current Liabilities

54.3 m50.6 m70.5 m57.4 m52.5 m61.6 m58.8 m72.2 m84.3 m

Additional Paid-in Capital

443.6 m456.8 m451.1 m491.4 m498.3 m503.4 m505 m506.1 m514.2 m

Retained Earnings

(397.9 m)(406.7 m)(419 m)(428.2 m)(449.1 m)(475.4 m)(478.1 m)(496.6 m)(540.1 m)

Total Equity

20.8 m25.2 m63.2 m49.3 m21.9 m21.1 m7.8 m

Financial Leverage

4.2 x3.7 x3.4 x4 x8.6 x8.7 x23.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(43.4 m)(39.7 m)(52.3 m)(60.6 m)

Depreciation and Amortization

8.9 m7.4 m8.3 m14.1 m

Accounts Receivable

730 k15.7 m4.8 m11.6 m

Inventories

6.9 m(13 m)(4 m)(3.2 m)

Accounts Payable

(19.2 m)10 m(11.2 m)(7.8 m)

Cash From Operating Activities

(26.6 m)(16.3 m)(26.9 m)(6.6 m)

Purchases of PP&E

(5 m)(1.8 m)(2 m)(1.4 m)

Cash From Investing Activities

11.6 m20.4 m(97.1 m)5 m

Cash From Financing Activities

2 m10.9 m119.2 m(1.3 m)

Interest Paid

65 k119 k3.6 m7.1 m

Income Taxes Paid

121 k108 k139 k115 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(17.4 m)(8.8 m)(7.8 m)(9.2 m)(20.8 m)(11.9 m)(2.7 m)(18.6 m)(16.1 m)

Inventories

28.1 m46.3 m39.6 m40.2 m48.3 m34.3 m40 m29.4 m

Accounts Payable

26.9 m29.9 m38.5 m27 m28.1 m25.9 m19.9 m32.4 m45 m
USDY, 2017

Revenue/Employee

41.6 k

Inseego (Novatel Wireless) Operating Metrics

Inseego (Novatel Wireless)'s Subscribers was reported to be 620 k in FY, 2016
FY, 2014Q1, 2015FY, 2015Q1, 2016Aug, 2016Dec, 2016FY, 2016

Patents Pending

213634

Trademarks (US)

152023

Patents (US)

307936

Subscribers

150 k534 k557 k590 k620 k

Countries

5050

Patents (foreign)

3129

Inseego (Novatel Wireless) Market Value History

Inseego (Novatel Wireless) Median Salaries

Source: 18 public H-1B filings from Inseego (Novatel Wireless)

Inseego (Novatel Wireless) Online and Social Media Presence

Inseego (Novatel Wireless) Company Life and Culture

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