Release Date: February 19, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: Can you clarify the guidance regarding customer inventory and expected growth for 2025? A: (Stephen Gatov, CFO) Yes, we anticipate growing revenue for the full year 2025 compared to 2024. While Q1 presents a challenging start, we expect growth to begin in Q2, with significant traction in the latter half of the year due to various initiatives. (Yo Sarvikos, CEO) We see significant opportunities with existing partners and a broader customer base, which supports our positive outlook for the year.
Q: Where do you see growth coming from in the second half of the year? Are there new customers or products contributing to this? A: (Yo Sarvikos, CEO) We expect growth from product refreshes and expansion, particularly in Fixed Wireless Access (FWA) and Inseego Connect. We aim to grow from small and medium businesses to larger enterprises and industrial segments by the end of the year.
Q: How do you plan to leverage government funding and fixed wireless access opportunities? A: (Yo Sarvikos, CEO) We plan to expand our portfolio to include more tiered offerings in the market. We are closely monitoring government funding opportunities and expect to benefit from them alongside the ecosystem. We are also exploring residential use cases and potential partnerships with large wireless and wired players.
Q: Can you discuss the customer relationships you bring from Qualcomm and how quickly you can implement improvements? A: (Yo Sarvikos, CEO) We have engaged with major broadband players in North America and are working to convert these opportunities into a revenue roadmap. This engagement gives us confidence in our growth outlook for 2025.
Q: With the sale of the telematics business complete, is the current asset mix final, or should we expect further changes? A: (Yo Sarvikos, CEO) Our goal is to be the leading provider in mobile and fixed broadband. We will continue to invest in our hardware, software, and cloud assets. While we may consider inorganic opportunities, it will be through a careful and thoughtful process.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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