AcquisitionsAug 6, 2026, 06:11 AM
Inseego to Acquire Nokia FWA Business; Q2 Net Loss $(8.4)M
AI Summary
Inseego Corp. announced an Asset Purchase Agreement with Nokia to acquire Nokia's fixed wireless access business, involving an exchange of Inseego common stock, warrants, and assumed liabilities. Concurrently, Nokia will invest $10.0 million in Inseego for additional common stock and warrants. Financially, Inseego reported a 9.35% increase in Q2 2026 revenues to $43.98 million, but also a significant rise in net loss to $(8.44) million from $(0.38) million in Q2 2025. The company's cash and cash equivalents substantially decreased, and net cash used in operating activities for the first half of 2026 was $(22.06) million.
Key Highlights
- Inseego to acquire Nokia's fixed wireless access business for shares, warrants, and assumed liabilities.
- Nokia will invest $10.0 million in Inseego for 775,795 shares and warrants.
- Total revenues for Q2 2026 increased 9.35% to $43.98 million from $40.22 million in Q2 2025.
- Net loss attributable to common stockholders for Q2 2026 was $(8.44) million, compared to $(0.38) million in Q2 2025.
- Basic EPS for Q2 2026 was $(0.52), a significant increase from $(0.03) in Q2 2025.
- Cash and cash equivalents decreased to $1.88 million as of June 30, 2026, from $24.89 million at year-end 2025.
- Net cash used in operating activities for the six months ended June 30, 2026, was $(22.06) million.
- Working Capital Facility increased to $20.0 million, with $10.0 million outstanding as of June 30, 2026.
Price Impact
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