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This statistic highlights Inseego’s Revenue by Segment, split across Enterprise SaaS Solutions, and IoT & Mobile Solutions, reported on a quarterly basis from 2017 onwards.
For the global mobile communications and IIoT markets, the company supplies sophisticated wireless 4G and 5G hardware products. Private LTE/5G networks, the First Responders Network Authority/Firstnet, SD-WAN, telematics, remote monitoring and surveillance, and fixed wireless access and mobile broadband devices are just a few of the vertical sectors in which they offer hardware products. Their broad range of products primarily consists of intelligent 4G and 5G fixed wireless routers and gateways, as well as mobile hotspots, wireless gateways and routers for IIoT applications, USB Modems, and 4G LTE hotspots.
Inseego’s Revenue by Segment
|Category||Q4 2020||Q3 2021||Q4 2021||Contribution in Q4 2021|
|Enterprise SaaS Solutions||$11||$9||$7||9%|
|IoT & Mobile Solutions||$75||$57||$66||91%|
(All figures in millions, except percentages)
Inseego Corp’s total revenue has decreased from $86 million in Q4 2020 to $73 million in Q4 2021, marking a percentage decrease of 15% on a year-on-year basis. However, it witnessed a rise in revenue from $66 million in Q3 2021 to $73 million in Q4 2021, making an increment of 10.6% on a quarter-on-quarter basis.
The IoT & Mobile Solutions accounts for highest contribution of around 91% in Q4 2021 to the total revenue, amounting to $66.43 million. On the other hand, Enterprise SaaS Solutions accounts for 9% of the total revenue, equal to $6.57 million in Q4 2021.
Inseego Corp’s total revenue is further bifurcated into different segments as follows:
Enterprise SaaS Solutions
The Company’s Ctrack telematics systems, which includes fleet vehicle, aviation ground vehicle, and asset tracking and performance statistics, as well as other telematics applications, are available through the Enterprise SaaS Solutions segment.
The revenue contribution by Enterprise SaaS Solutions segment has decreased from $11 million in Q4 2020 to $7 million in Q4 2021, marking a percentage decrease of 39% on a year-on-year basis. Also, the total revenue from this segment has decreased from $9 million in Q3 2021 to $7 million in in Q4 2021, marking a percentage decrease of 28% on a quarterly basis. This segment contributes 9% to the total revenue generated by the company in Q4 2021.
IoT & Mobile Solutions
The IoT & Mobile Solutions portfolio of the company includes end-to-end, edge-to-cloud solutions such as 4G LTE mobile broadband gateways, routers, modems, hotspots, HD quality VoLTE-based wireless home phones, cloud management software, and an advanced 5G product portfolio. IoT & Mobile Solutions includes the Company’s Device Management System (“DMS”), rebranded as Inseego SubscribeTM, a hosted SaaS platform that helps organisations manage the selection, deployment, and spend of their customers’ wireless assets, saving them money on personnel and telecom expenses.
The revenue contributions by IoT & Mobile Solutions has decreased from $75 million in Q4 2020 to $66 million in Q4 2021, marking a percentage decrease of 12% on a year-on-year basis. Whereas, the total revenue from this segment has increased from $57 million in Q3 2021 to $66 million in in Q4 2021, marking a percentage increase of 16% on a quarter-on-quarter basis.
For Fortune 500 companies, service providers, small and medium-sized businesses, governments, and consumers around the world, Inseego Corporation is a major brand in the development and design of fixed and mobile wireless solutions (advanced 4G and 5G NR), industrial IoT (“IIoT”), and cloud solutions. Their product portfolio includes fixed and mobile device-to-cloud solutions that deliver engaging, intelligent, dependable, and secure IoT services with deep business intelligence. Their 5G fixed wireless access (“FWA”) gateway solutions, 4G and 5G mobile broadband, IIoT applications such as SD WAN failover management, asset tracking, and fleet management services, all designed and developed in the United States. The solutions are based on main wireless innovations in mobile and FWA technologies, which include a suite of 5G NR-compliant products and purpose-built SaaS cloud platforms.
The company manufactures sophisticated wireless 4G and 5G hardware for the global mobile communications and IIoT sectors. Their hardware products are used in a variety of vertical industries, including private LTE/5G networks, the First Responders Network Authority/Firstnet, SD-WAN, telematics, remote monitoring and surveillance, and fixed wireless access and mobile broadband devices. The common stock of the company is publicly traded on the NASDAQ under the ticker “INSG”.
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* Local taxes extra.