SAN DIEGO (AP) — SAN DIEGO (AP) — Inseego Corp. (INSG) on Thursday reported a loss of $4.5 million in its first quarter.
On a per-share basis, the San Diego-based company said it had a loss of 44 cents. Losses, adjusted for stock option expense and non-recurring costs, were 36 cents per share.
The holding company posted revenue of $45 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $41.4 million.
For the current quarter ending in June, Inseego said it expects revenue in the range of $52 million to $56 million.
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