Inseego shares slumped much more than we anticipated between the 4G pandemic bonanza and the current 5G and FWA/enterprise bonanza, as the losses were much steeper than we expected.
However, the current bonanza is only in the early innings, and the good news is that FWA/enterprise in particular is a much larger market.
Add to that their SaaS suite, increasing gross margins and a considerable deal of operational leverage to come and the recovery of the share price should begin.
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