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This statistic highlights the Inseego’s Revenue Breakdown Worldwide from Q1 2017 onwards, split across the US and Canada, South Africa, and Other regions.
|Segment||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
|US and Canada||$77.21||$51.47||$56.61||85.50%|
(All values are in millions, except for the percentages.)
Inseego corporation’s operations earn revenue worldwide and are categorized into three segments – the US and Canada, South Africa, and others. The total revenue earned by the company in Q3 2021 is $66.22 million, there is a decline in the YoY comparison when compared to the total revenue earned in Q3 2020 – $90.24 million, that is, 26.62%. This computes to an absolute decline in the revenue by $24.02 million. Under the QoQ scale for the total revenue earned there is an incline of 0.8% from Q2 2021 at $65.69 million to Q3 2021 giving an absolute incline in revenue by $0.52 million. In Q3 2021, the highest revenue earned by the company is in the US and Canada region, and the lowest revenue earned is in South Africa.
US and Canada
The revenue earned by the company in the US and Canada contributes to approximately 85.5% of the total revenue earned in Q3 2021. Under the YoY comparison, the revenue has declined by 26.67% when compared to the revenue earned in Q3 2020, that is, $77.21 million. This indicates an absolute decline in revenue from the US and Canada region is $20.59 million. For the QoQ scale, there is an incline of 9.99% from $51.47 million revenue earned in Q2 2021 to Q3 2021 giving an absolute rise in the revenue by $5.14 million.
The revenue earned by the company from the South African region is $2.44 million in Q3 2021, which is the lowest contribution in the quarterly revenue by the geographical region at 3.86%. Under the QoQ, the revenue has declined by 68.79% from $7.79 million in Q2 2021 to Q3 2021 giving an absolute decrease in revenue by $5.36 million, it is the highest decline in QoQ compared to other regional segments. The revenue has decreased by an absolute value of $4.4 million from Q3 2020 at $6.84 million to the revenue of Q3 2021, under the YoY measurement. This is also the highest decrease in percentage compared to other regional segments YoY.
The revenue from South Africa gets affected certainly by the fluctuating exchange rates, especially the South African Rand to the US dollar exchange rate. In February 2015, the company got into a Share Agreement contract, to acquire the operation of Ctrack – a local telecom company, in affiliation with an African Investment firm called Convergence. Inseego invested $36.3 million or 528.9 million South African Rand. Because COVID Ctrack’s operations in South Africa have not been able to perform new domestic installations or installations in other jurisdictions affecting the revenue.
In other country regions, the company has earned approximately $7.17 million in Q3 2021 – which accounts for 10.83% is the second-highest regional segment contribution in the total revenue of the company earned on a quarterly basis. On a QoQ basis, the company’s revenue has increased by 11.48% from $6.43 million earned in Q2 2021 giving an absolute increase in revenue by $0.74 million – it is the highest QoQ of all the regional segments QoQ. Under the YoY measurement, the revenue increased by 15.69% when compared to the revenue earned in Q3 2020 at $6.2 million giving an absolute growth in revenue by $0.97 million – this is also the highest YoY growth of all the regional segments.
About the company
Inseego Corp. is a successor to Novel Wireless, Inc. which is a Delaware corporation formed in 1996, this conversion was a result of an internal reorganization that was completed in November 2016. Their executive office is located in Alpharetta, Georgia; whereas their corporate office is located in San Diego, California. They are the industry leader in designing and developing fixed and mobile wireless solutions and cloud solutions for fortune 500 enterprises, service providers, small and medium-sized businesses, consumers, and governments around the globe.
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