Inseego Corp. — Earnings Quality Grade C
INSG · Technology
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO surged by 29 days (26 → 55)
Small-cap context: DSO swings on a small revenue base are more often quarterly customer-mix effects than red flags.
AR growth 81.7% exceeds revenue growth -13.1%
Revenue -13.1%, CFFO -78.5%. Cash follows revenue
Expense Quality
Inventory -43.1% vs COGS -22.3%. Normal
CapEx growth 83.3% is >2x revenue growth -13.1%
SG&A/Gross Profit = 53.7%. Normal
Gross margin swung +6.7pp (36.0% → 42.7%)
Cash Flow Quality
CFFO/NI = 8.59. Profits backed by cash
FCF is negative ($-0.0B)
Accruals ratio = -6.8%. Low accruals
Cash $0.0B covers 55% of debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.0B = -609% of equity. Manageable
Interest coverage = 1.2x (<2x). Financial stress
Other assets grew 24.9% vs revenue -13.1%
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change 8% YoY. Normal
Manipulation Score
M-Score = -1.94 (grey zone)
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25