Inseego: 2Q Earnings Snapshot
SAN DIEGO (AP) _ Inseego Corp. (INSG) on Tuesday reported a loss of $6.7 million in its second quarter.
The San Diego-based company said it had a loss of 11 cents per share. Losses, adjusted for non-recurring costs and stock option expense, came to 2 cents per share.
The holding company posted revenue of $49.1 million in the period.
For the current quarter ending in October, Inseego said it expects revenue in the range of $49 million to $56 million.
In the final minutes of trading on Tuesday, the company’s shares hit $2.05. A year ago, they were trading at $1.11.