Analysts Expect Inseego Corp. (NASDAQ:INSG) To Breakeven Soon
Inseego Corp., a cloud-managed wireless wide area network and intelligent edge solutions provider, is on the cusp of breakeven, with industry analysts predicting a profit turn around in 2025. The company's projected breakeven date is as soon as 12 months from now or less, driven by consensus estimates of significant growth rate required to achieve this goal. However, investors should note that Inseego currently has negative equity on its balance sheet, which may indicate accounting complexities rather than a financial red flag.
- The high expected growth rate required to achieve breakeven in under 12 months may be reflective of the company's significant investment requirements, underscoring the importance of managing growth and cash flow effectively.
- How will Inseego's management team address the current negative equity on its balance sheet, and what steps are being taken to ensure that future growth translates into improved profitability?