ALPHARETTA, Ga. (AP) _ Inseego Corp. (INSG) on Wednesday reported a loss of $18.2 million in its first quarter.
The Alpharetta, Georgia-based company said it had a loss of 20 cents per share. Losses, adjusted for non-recurring costs and stock option expense, came to 6 cents per share.
The holding company posted revenue of $56.8 million in the period.
For the current quarter ending in July, Inseego said it expects revenue in the range of $75 million to $85 million.
Inseego shares have risen 60% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.70, more than doubling in the last 12 months.