What drove INSG's EPS growth in 2024?

Inseego Corporation's (INSG) EPS growth in 2024 was primarily driven by strong revenue growth and strategic initiatives:

1. Revenue Growth: Inseego experienced a significant increase in total revenue, with a 27% year-over-year growth in Q3 2024. This substantial rise in revenue contributed to the improvement in EPS. The company's mobile solutions and services segments showed particular strength, with mobile solutions revenue growing over 43% year-over-year, and services and other revenue growing by 33%.
2. Strategic Initiatives: Inseego's strategic initiatives, including a balance sheet recapitalization and a focus on core product growth, likely led to increased operational efficiencies and profitability. These efforts likely resulted in cost savings and improved margins, which can positively impact EPS.
3. Operational Efficiencies: The company reported significant improvements in its financial performance, driven by strategic initiatives and operational efficiencies. These efficiencies may have led to better cost management and increased profitability, thereby boosting EPS.

In conclusion, Inseego's EPS growth in 2024 was primarily driven by strong revenue growth across its core business segments, strategic initiatives that improved operational efficiencies, and a focus on core product growth. These factors combined to enhance the company's financial performance and contributed to the observed EPS growth.