Inseego corp. (INSG)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net revenues:
IoT & Mobile Solutions

40,381

35,477

45,926

39,983

32,781

40,092

34,636

31,741

28,880

29,708

41,116

43,265

38,762

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Enterprise SaaS Solutions

16,459

16,856

16,790

15,908

15,775

15,951

15,994

17,316

17,853

16,826

16,345

16,648

16,627

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hardware

-

-

-

-

-

-

-

-

-

-

-

-

-

37,973

46,096

49,145

54,161

48,949

52,049

49,272

53,011

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SaaS, software and services

-

-

-

-

-

-

-

-

-

-

-

-

-

14,946

14,785

13,666

12,783

12,564

2,219

2,395

483

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

56,840

52,333

62,716

55,891

48,556

56,043

50,630

49,057

46,733

46,534

57,461

59,913

55,389

52,919

60,881

62,811

66,944

-

54,268

51,667

-

55,361

44,330

37,270

48,284

65,335

92,673

91,124

85,921

70,675

71,017

102,446

100,150

109,794

113,263

118,021

61,784

75,602

71,823

Cost of net revenues:
IoT & Mobile Solutions

32,864

30,498

37,873

33,986

27,600

30,176

26,793

24,623

23,752

24,332

35,323

35,615

32,023

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Enterprise SaaS Solutions

6,749

6,804

6,218

6,350

6,196

6,074

6,233

6,998

6,862

6,412

5,684

5,662

7,180

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hardware

-

-

-

-

-

-

-

-

-

-

-

-

-

27,541

32,768

35,758

40,869

38,062

39,155

35,775

40,823

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SaaS, software and services

-

-

-

-

-

-

-

-

-

-

-

-

-

4,855

5,189

3,815

4,892

6,923

645

569

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of abandoned product line, net of recoveries

-

-

0

0

-

45

0

-221

576

-1,789

82

1,407

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of abandoned product line, net of recoveries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost of net revenues

39,613

37,302

44,091

40,336

33,796

36,250

33,026

31,400

31,190

28,986

41,089

42,684

39,203

43,936

37,957

39,573

45,761

-

39,800

36,344

-

42,855

33,844

33,283

38,216

53,296

72,290

72,100

69,073

57,117

56,371

79,195

79,162

84,068

86,573

91,839

55,790

62,412

58,231

Gross profit

17,227

15,031

18,625

15,555

14,760

19,793

17,604

17,657

15,543

17,548

16,372

17,229

16,186

8,983

22,924

23,238

21,183

16,528

14,468

15,323

12,634

12,506

10,486

3,987

10,068

12,039

20,383

19,024

16,848

13,558

14,646

23,251

20,988

25,726

26,690

26,182

5,994

13,190

13,592

Operating costs and expenses:
Research and development

8,224

8,525

6,655

5,188

3,485

5,332

5,317

4,968

4,976

4,574

5,099

5,400

6,289

6,407

7,942

8,281

8,025

7,311

7,687

9,690

10,758

10,150

7,006

8,540

8,618

8,979

12,438

13,018

13,811

15,440

14,696

14,457

15,829

15,875

15,126

14,832

15,559

11,576

11,152

Sales and marketing

8,755

8,145

7,149

7,229

6,391

6,070

5,907

5,635

5,415

4,679

6,181

7,002

7,157

5,720

7,953

8,356

7,753

8,496

3,948

4,231

4,224

3,976

2,790

3,031

3,995

4,159

5,129

5,854

5,756

6,246

6,267

7,310

7,678

7,025

7,211

8,210

7,384

4,163

4,351

General and administrative

7,162

6,209

7,135

7,449

6,474

6,691

5,837

6,302

6,495

7,166

7,118

8,094

12,037

17,643

14,551

9,994

10,199

10,990

9,110

8,988

5,364

2,522

3,381

4,423

5,076

4,970

5,128

7,755

6,326

6,607

4,825

5,702

5,534

5,050

6,243

5,714

4,593

3,833

6,103

Amortization of purchased intangible assets

826

846

847

857

871

860

869

931

964

887

905

905

904

1,015

1,008

976

928

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) On Extinguishment Of Acquisition Related Liabilities

-

-

0

-

-

-

17,174

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and intangible assets impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-300

20,484

0

29,337

-

-

-

-

-

-

Amortization of purchased intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

273

656

167

-

141

141

140

140

141

141

140

-

227

227

-

-

-

-

-

-

-

Impairment of purchased intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,594

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges, net of recoveries

-

-

13

15

-

26

245

643

277

-546

3,446

1,443

809

302

794

269

622

3,032

953

0

-164

280

1,064

5,250

1,166

893

2,411

0

0

-

0

-

-

-

-

-

-

-

-

Goodwill and intangible assets impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,514

-

-

-

-

Goodwill and intangible assets impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Amortization of purchased intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

437

-

644

527

528

0

0

Total operating costs and expenses

24,967

23,757

21,799

20,738

17,221

18,979

1,001

18,479

18,127

16,760

22,749

22,844

27,196

31,087

34,842

27,876

27,527

30,859

21,971

23,565

20,349

17,858

14,382

21,385

18,995

33,467

25,247

26,768

26,033

28,176

46,499

27,696

58,815

28,234

32,738

29,283

28,064

19,572

21,606

Operating loss

-7,740

-8,726

-3,174

-5,183

-2,461

814

16,603

-822

-2,584

788

-6,377

-5,615

-11,010

-22,104

-11,918

-4,638

-6,344

-14,331

-7,503

-8,242

-7,715

-5,352

-3,896

-17,398

-8,927

-21,428

-4,864

-7,744

-9,185

-14,618

-31,853

-4,445

-37,827

-2,508

-6,048

-3,101

-22,070

-6,382

-8,014

Other income (expense):
Induced Conversion of Convertible Debt Expense

7,933

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,788

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash change in acquisition-related escrow

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,533

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash change in acquisition-related escrow

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

-3,380

-5,045

-5,119

-5,142

-5,075

-5,084

-5,113

-5,147

-5,100

-5,066

-5,229

-4,881

-4,156

-3,885

-3,877

-3,907

-3,928

-3,845

-2,407

-838

-74

-57

-63

20

15

4

31

21

57

53

72

83

83

-

60

85

-

-

-

Interest income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

158

-2,292

-604

Other income, net

978

417

-307

-72

313

-341

-180

-438

64

-672

-1,780

-985

-643

-572

-3,560

5,842

-1,296

1,570

-359

-66

-17

-49

-61

-13

-44

-139

59

-65

-77

-12

-45

-153

7

112

-679

-607

122

420

1,390

Loss before income taxes

-18,075

-13,354

-8,600

-10,397

-7,223

-4,611

11,310

-6,407

-7,620

-4,950

-13,386

-11,481

-15,809

-26,561

-19,355

-2,703

-11,568

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20,802

-9,146

-7,806

-3,950

-8,808

-17,391

-8,956

-21,563

-4,774

-7,788

-9,205

-14,577

-31,826

-4,515

-37,737

-2,315

-6,667

-3,623

-21,790

-8,254

-7,228

Income tax provision

100

-164

200

300

200

-425

500

300

440

-1,056

409

556

305

859

-799

-10

331

42

45

74

20

51

24

24

25

-257

319

104

-83

335

107

-15

184

1,089

-11,165

275

298

-1,149

14,811

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-18,166

-13,097

-8,823

-10,719

-7,471

-4,241

10,837

-6,679

-8,060

-3,894

-13,795

-12,037

-16,114

-27,420

-18,556

-2,693

-11,899

-14,401

-20,847

-9,220

-7,826

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Net income attributable to noncontrolling interests

32

-42

-17

60

14

-50

-6

-19

-10

-72

-6

-13

-14

-19

11

8

5

-8

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to Inseego Corp.

-18,198

-13,055

-8,806

-10,779

-7,485

-4,191

10,843

-6,660

-8,050

-3,822

-13,789

-12,024

-16,100

-27,401

-18,567

-2,701

-11,904

-14,413

-20,847

-9,200

-7,826

-

-8,832

-

-

-21,306

-5,093

-7,892

-9,122

-14,912

-31,933

-4,500

-37,921

-3,404

4,498

-3,898

-22,088

-7,105

-22,039

Series E preferred stock dividends

392

-

131

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to common shareholders

-18,590

-

-8,937

-

-7,485

-

10,843

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17,415

-8,981

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss per common share:
Basic (in dollars per share)

-

-

-0.11

-

-

-

0.16

-

-

-

-0.23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.14

-0.12

-0.69

-0.22

-0.70

Diluted (in dollars per share)

-

-

-0.11

-

-

-

0.15

-

-

-

-0.23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.14

-0.12

-0.69

-0.22

-0.70

Basic and diluted (in dollars per share)

-0.20

-

-

-0.14

-0.10

-

-

-0.11

-0.13

-

-

-0.21

-0.28

-0.51

-0.34

-0.05

-0.22

-0.27

-0.38

-0.17

-0.17

-0.05

-0.23

-0.51

-0.26

-0.63

-0.15

-0.23

-0.27

-0.44

-0.97

-0.14

-1.17

-

-

-

-

-

-

Weighted-average shares used in computation of net loss per common share:
Weighted-average common shares outstanding:
Basic and diluted (in shares)

90,874

-

-

78,844

74,366

-

-

61,468

60,721

-

-

57,970

57,480

54,895

53,876

53,622

53,250

56,223

55,180

53,403

46,262

45,176

38,167

34,320

34,172

34,090

34,070

33,915

33,717

33,364

33,074

32,674

32,295

-

-

-

-

-

-

Basic (in shares)

-

-

79,550

-

-

-

68,480

-

-

-

59,004

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,057

32

31,900

31,615

31,439

Diluted (in shares)

-

-

79,550

-

-

-

71,456

-

-

-

59,004

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,370

32

31,900

31,615

31,439

Comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,438

3,794

-22,165

-

-