How did INSG's Q4 2024 EPS surprise investors?

Inseego's (INSG) Q4 2024 EPS did not surprise investors as it was not disclosed. However, the company's Q3 performance provides insights into its financial trends. 1. **Q3 Performance**: Inseego reported a quarterly loss of $0.07 per share for Q3 2024, which is an improvement from the $1.60 per share loss in the same period the previous year. This represents a significant earnings surprise of -177.78%, indicating a substantial improvement in profitability. 2. **Revenue Growth**: The company's total revenue for Q3 2024 was $61.9 million, marking a 27% increase year-over-year. This growth is particularly notable in the mobile solutions segment, which saw a revenue increase of over 43% year-over-year. The services and other revenue segment also experienced a 33% growth. 3. **EBITDA and Gross Margin**: Inseego's adjusted EBITDA for Q3 2024 was $9.3 million, which is significantly ahead of expectations. The gross margin improved to approximately 38%, up from 33% in the same quarter the previous year. These improvements suggest that Inseego is not only growing its top line but also enhancing its operational efficiency and profitability. 4. **Investor Perception**: Despite the positive financial results, Inseego's stock declined by 24% over the past month, which the company attributes to tepid fourth-quarter 2024 guidance. The underperformance is also due to tough sequential comparison due to record revenues and strong performance in the previous quarter. The company's guidance for Q4 2024 includes the expected closure of its telematics business, which may impact financial performance. In conclusion, while specific EPS figures for Q4 2024 are not available, Inseego's strategic initiatives and operational efficiencies have led to significant improvements in financial performance, which could have positively influenced investor perceptions if not for the underperformance due to guidance and business closure.