Inseego Corp. (Inseego) designs and develops cloud-managed wireless wide area network (‘WAN’) and intelligent edge solutions.
The company’s 5G WAN portfolio consists of secure and high-performance mobile broadband and fixed wireless access (‘FWA’) solutions, with associated cloud solutions for real-time WAN visibility, monitoring, automation, and control, with centralized orchestration of network functions. These devices are specifically built for the carrier, enterprise, and small and medium b...
Inseego Corp. (Inseego) designs and develops cloud-managed wireless wide area network (‘WAN’) and intelligent edge solutions.
The company’s 5G WAN portfolio consists of secure and high-performance mobile broadband and fixed wireless access (‘FWA’) solutions, with associated cloud solutions for real-time WAN visibility, monitoring, automation, and control, with centralized orchestration of network functions. These devices are specifically built for the carrier, enterprise, and small and medium business (‘SMB’) market segments, with a focus on performance, scalability, quality, and enterprise-grade security. The company also provides a wireless subscriber management SaaS solution for carriers’ management of their government and complex enterprise customer subscriptions.
The company’s 5G products and associated cloud solutions are designed and developed in the U.S., and are used in mission-critical applications requiring the highest levels of security and zero unscheduled downtime. These products support applications, such as business broadband for both mobile and fixed use cases, enterprise networking, and software-defined wide area network (‘SD-WAN’) failover management.
Inseego is at the forefront of providing high-speed broadband through state-of-the-art 5G products and services to keep enterprise and SMB customers seamlessly connected. With multiple first-to-market innovations through several generations of 4G and 5G technologies, Inseego has been advancing wireless WAN technology and driving industry transformations for over 30 years.
Strategy
The key elements of the company’s strategy are to capitalize on its direct relationships with mobile operators, infrastructure vendors, 5G chipset vendors, and component suppliers; keep enhancing its 5G WWAN devices portfolio by leveraging the company’s core mobile technologies and platforms; expand its go-to-market to enterprise and SMB customers; and improve SaaS solution penetration.
Business
The company provides a portfolio of high-performance 5G WAN products, as well as cloud solutions for the enterprise and SMB market segments. The company’s 4G and 5G devices connect end users with high-performance broadband for both mobile and fixed wireless use cases. These solutions include ‘MiFi’ hotspots, routers, and gateways for a wide variety of end-user deployments. The company also offers a cloud solution used for managing edge devices, including security, status, configuration, and software used at all of a customer’s locations. Additionally, the company provides a wireless subscriber management solution that is used to manage a carrier’s government and complex enterprise customer subscriptions.
The company’s products currently operate on all major cellular networks in the U.S. The company’s mobile hotspots, sold under the MiFi brand, have been sold to millions of end users, providing secure and convenient high-speed broadband access to the Internet on the go.
As the 5G networks continue to expand both coverage and capacity, new enterprise and SMB market opportunities are opening up. The largest initial opportunity is for enterprises and SMBs to provide primary or alternate broadband access to their distributed sites and employees through 5G fixed wireless access offerings. Mobile operators are now providing fixed wireless access-specific broadband plans that allow businesses to deploy 5G technology broadly, without waiting for the availability of wired connections at those locations.
The company classifies its revenues from the sale of its products and services into two categories: Product Revenue, which consists of the company’s Mobile Solutions and Fixed Wireless Access Solutions, and Services and Other.
Mobile Solutions
The company’s 5G and 4G mobile broadband (MiFi) business has been driving advanced wireless mobile technologies for a multitude of consumer and enterprise applications for over 20 years. In the 2000s, Inseego invented mobile hotspots sold under the MiFi brand. During the 2010s, Inseego was a leader in the 4G mobile MiFi market—delivering the highest 4G mobile hotspot performance in the market. In 2019, Inseego developed and produced the world’s first 5G mobile hotspot, and in 2025, the company plans to introduce its new generation using the Qualcomm SDX72 chipset.
The company’s MiFi customer base primarily consists of mobile operators. These mobile operators include Verizon Wireless, T-Mobile, and the U.S. Cellular in the United States, Rogers and Telus in Canada, as well as other international wireless operators, distributors, and various companies in other vertical markets and geographies.
The company’s mobile broadband devices, sold under the MiFi brand, are actively used by millions of end users to provide secure and convenient high-speed access to corporate, public, and personal information through the Internet and enterprise networks. The company’s mobile portfolio is supported by its cloud offering, Inseego Connect for device management, whose revenues are included in Services and Other below. The company’s Mobile Solutions customer base primarily consists of mobile operators. These mobile operators include Verizon Wireless, T-Mobile, and the U.S. Cellular in the United States, Rogers and Telus in Canada, and various companies in other vertical markets.
Fixed Wireless Access Solutions
The company’s fixed wireless access solutions are deployed by enterprise and SMB customers for their distributed sites and employees, as a fully secure and corporate-managed wireless WWAN solution. The portfolio consists of indoor, outdoor, and industrial routers and gateways, supported by its cloud offering – Inseego Connect – for device management. Revenues related to the company’s cloud offerings of Inseego Connect are included within Services and Other below. These devices, sold under the Wavemaker brands, are sold by mobile operators, such as T-Mobile, U.S. Cellular, and Verizon Wireless, along with distribution and channel partners.
Services and Other
A substantial majority of the company’s Services and Other revenue comes from providing a SaaS wireless subscriber management solution (Inseego Subscribe) for carriers’ management of their government and complex enterprise customer subscriptions. Services and Other revenue also include the company’s above-mentioned Inseego Connect offering. The company also categorizes non-recurring engineering services it provides to its customers as Services and Other revenue.
Sales and Marketing
The company engages in a wide variety of sales and marketing activities, driving market leadership and customer demand through integrated marketing campaigns. This includes product marketing, corporate communications, brand marketing, and demand generation.
Competition
The company’s products compete with a variety of solutions providers in different market segments. The company’s current competitors include mobile broadband – companies, such as Netgear, Franklin Wireless, TCL, and ZTE; and fixed wireless access – companies, such as Nokia, Cradlepoint, ZTE, Huawei, and Cisco.
Intellectual Property
The company owns 45 patents and has 1 patent application pending. The patents that the company currently owns will expire at various times between 2026 and 2042.
The company, along with its subsidiaries, also holds a number of trademarks or registered trademarks, including ‘Inseego,’ ‘Inseego Subscribe,’ ‘Inseego Manage,’ ‘Inseego Secure,’ ‘Inseego Vision,’ the Inseego logo, ‘MiFi,’ ‘MiFi Intelligent Mobile Hotspot,’ ‘Wavemaker,’ and ‘Skyus.’
The company’s customers for its 5G products include Verizon Wireless, T-Mobile, EnerNOC, Thermo Fisher Scientific, the U.S. Army, and Fastenal, amongst others. Customers for the company’s device management solutions include mobile operators, such as T-Mobile.
A significant portion of the company’s revenue during the year ended December 31, 2024, came from two customers, Verizon and T-Mobile, which together represented approximately 76% of the company’s total revenues for the year ended December 31, 2024.
Manufacturing and Operations
The hardware at the core of the company’s products is produced by contract manufacturers. The company’s primary contract manufacturers include Hon Hai Precision Industry Co., Ltd. (‘Foxconn’) and Inventec Appliance Corporation (‘IAC’).
Governmental Regulations
As a company with global operations, the company is subject to complex foreign and U.S. laws and regulations, including trade regulations, tariffs, import and export regulations, anti-bribery and corruption laws, antitrust or competition laws, data privacy laws, such as the EU General Data Protection Regulation (the ‘GDPR’), and environmental regulations, among others.
Research and Development
The company’s research and development expenses for the year ended December 31, 2024, were $20.6 million.
History
Inseego Corp. was founded in 1996. The company was incorporated in 2016.
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