Inseego designs and sells 5G wireless connectivity hardware and cloud software for enterprise and SMB customers. The company's two core hardware lines are mobile hotspots (sold under the MiFi brand, which Inseego invented) and Fixed Wireless Access (FWA) routers and gateways (sold under the Wavemaker brand), both of which give businesses broadband internet access without relying on wired connections like fiber or cable. Inseego outsources manufacturing to contract manufacturers in Asia and sells primarily through U.S. Tier 1 carriers — Verizon and T-Mobile together represent roughly 89% of revenue, with AT&T added as a carrier partner in early 2026. Hardware accounts for roughly 75% of revenue, with the remainder coming from SaaS subscriptions. The software business includes Inseego Connect, a cloud platform for managing and monitoring device fleets, and Inseego Subscribe, a carrier-focused SaaS platform for managing enterprise and government subscriber lifecycles. The software segment carries significantly higher margins than hardware and generates roughly $12M per quarter. Hardware margins are in the 20s and are sensitive to product mix and component costs. Inseego's growth strategy focuses on expanding its carrier relationships across all three U.S. Tier 1 carriers, broadening its FWA product lineup across price tiers, and growing software attach rates alongside hardware sales.