Stock

Inseego

INSG
23
Communication Equipment · Technology
Also trades as: 0A52.L GBP 0.04 (+0.95%)
Price
$4.24
+0.05 (+1.19%)
after-hours:$4.19-1.18%
Market Cap
$72.9M
Exchange
NASDAQ
Winston Score
23
Winston is worried
Weak fundamentals across most pillars.
Data as of Oct 24, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Weak
4/30
Growth
Mixed
5/20
Cash Flow
Weak
0/10
Stability
Data not available
0/10
Valuation
Mixed
3/10
Ownership
Good
10/15
Dividends
Not counted
n/a

22 of 95 counted points = Winston Score 23. Pillars marked n/a do not apply to this company and are left out of the total.

Share count rising — dilution

+46.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 10.3M (2021) → 15.1M (2025)

§Winston Score History

The full picture

Inseego Corp. makes wireless networking hardware and software. The company's main products are mobile hotspots, fixed wireless routers, and cloud-based management tools that help people connect to 5G and 4G LTE networks. Its customers include major US wireless carriers like Verizon and T-Mobile, as well as businesses and government agencies that need reliable mobile internet connections.

Inseego earns money by selling hardware devices to carriers and enterprise customers, and by charging subscription fees for its cloud software platform. The company operates mainly in the United States, though it has some international sales. With a market cap of around $100 million, it is a small player competing against much larger companies like Netgear and Cradlepoint. Its main growth opportunity is the continued rollout of 5G networks, which could drive demand for upgraded devices, but its thin operating margins and dependence on a small number of large carrier customers remain significant risks.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+9.4% YoY

YoY Growth Rate

Slow revenue growth

Reported EPS Growth

<−1,000% YoY

Quarterly reporting periods ended:

30 Jun 2025: $-0.025

30 Jun 2026: $-0.52

Reported/statutory EPS, not adjusted or underlying earnings. One-off items can affect this figure. Provider rounding can affect the growth rate.

YoY Growth Rate

Reported EPS decreased year over year

R&D Spend

$20M/ year

→ Flat (-4% vs prior year)

11.9% of revenue

Below sector average (15%)

Steady R&D investment year-over-year

Insider Activity

14.6%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~0 months

$2M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Inseego has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
33.8%
Modest — 33.8% gross margin
Profit after running costs
Operating Margin
-16.5%
Losing money on operations — -16.5%
Return on the money invested
ROCE
-22.5%
Weak — -22.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
-0.8%
Shrinking sales (-0.8% YoY)
Profit growth
EPS YoY
-35.6%
Earnings shrinking (-35.6% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-11.0%
Burning cash (-11.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
—
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
29.3x
Growth-priced — P/E 29.3

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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