INSEEGO CORP. INSG Income Statement

Inseego corp. (INSG)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net revenues:
IoT & Mobile Solutions
161,767	154,167	158,782	147,492	139,250	135,349	124,965	131,445	142,969	152,851	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Enterprise SaaS Solutions
66,013	65,329	64,424	63,628	65,036	67,114	67,989	68,340	67,672	66,446	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hardware
-	-	-	-	-	-	-	-	-	-	-	-	-	187,375	198,351	204,304	204,431	203,281	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SaaS, software and services
-	-	-	-	-	-	-	-	-	-	-	-	-	56,180	53,798	41,232	29,961	17,661	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
227,780	219,496	223,206	211,120	204,286	202,463	192,954	199,785	210,641	219,297	225,682	229,102	232,000	243,555	244,904	235,690	0	-	0	0	-	185,245	195,219	243,562	297,416	335,053	340,393	318,737	330,059	344,288	383,407	425,653	441,228	402,862	368,670	327,230	0	0	0
Cost of net revenues:
IoT & Mobile Solutions
135,221	129,957	129,635	118,555	109,192	105,344	99,500	108,030	119,022	127,293	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Enterprise SaaS Solutions
26,121	25,568	24,838	24,853	25,501	26,167	26,505	25,956	24,620	24,938	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hardware
-	-	-	-	-	-	-	-	-	-	-	-	-	136,936	147,457	153,844	153,861	153,815	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SaaS, software and services
-	-	-	-	-	-	-	-	-	-	-	-	-	18,751	20,819	16,275	13,029	8,174	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of abandoned product line, net of recoveries
-	-	45	45	-	400	-1,434	-1,352	276	-300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of abandoned product line, net of recoveries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of net revenues
161,342	155,525	154,473	143,408	134,472	131,866	124,602	132,665	143,949	151,962	166,912	163,780	160,669	167,227	163,091	161,478	0	-	0	0	-	148,198	158,639	197,085	235,902	266,759	270,580	254,661	261,756	271,845	298,796	328,998	341,642	318,270	296,614	268,272	0	0	0
Gross profit
66,438	63,971	68,733	67,712	69,814	70,597	68,352	67,120	66,692	67,335	58,770	65,322	71,331	76,328	83,873	75,417	67,502	58,953	54,931	50,949	39,613	37,047	36,580	46,477	61,514	68,294	69,813	64,076	68,303	72,443	84,611	96,655	99,586	84,592	72,056	58,958	0	0	0
Operating costs and expenses:
Research and development
28,592	23,853	20,660	19,322	19,102	20,593	19,835	19,617	20,049	21,362	23,195	26,038	28,919	30,655	31,559	31,304	32,713	35,446	38,285	37,604	36,454	34,314	33,143	38,575	43,053	48,246	54,707	56,965	58,404	60,422	60,857	61,287	61,662	61,392	57,093	53,119	0	0	0
Sales and marketing
31,278	28,914	26,839	25,597	24,003	23,027	21,636	21,910	23,277	25,019	26,060	27,832	29,186	29,782	32,558	28,553	24,428	20,899	16,379	15,221	14,021	13,792	13,975	16,314	19,137	20,898	22,985	24,123	25,579	27,501	28,280	29,224	30,124	29,830	26,968	24,108	0	0	0
General and administrative
27,955	27,267	27,749	26,451	25,304	25,325	25,800	27,081	28,873	34,415	44,892	52,325	54,225	52,387	45,734	40,293	39,287	34,452	25,984	20,255	15,690	15,402	17,850	19,597	22,929	24,179	25,816	25,513	23,460	22,668	21,111	22,529	22,541	21,600	20,383	20,243	0	0	0
Amortization of purchased intangible assets
3,376	3,421	3,435	3,457	3,531	3,624	3,651	3,687	3,661	3,601	3,729	3,832	3,903	3,927	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) On Extinguishment Of Acquisition Related Liabilities
-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill and intangible assets impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	49,521	0	0	0	-	-	-	-	-	-
Amortization of purchased intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	562	562	562	562	649	735	0	-	0	0	-	-	-	-	-	-	-
Impairment of purchased intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charges, net of recoveries
-	-	76	308	-	1,191	619	3,820	4,620	5,152	6,000	3,348	2,174	1,987	4,717	4,876	4,607	3,821	1,069	1,180	6,430	7,760	8,373	9,720	4,470	3,304	2,411	0	0	-	0	-	-	-	-	-	-	-	-
Goodwill and intangible assets impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Goodwill and intangible assets impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Amortization of purchased intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1,699	1,055	0	0	0
Total operating costs and expenses
91,261	83,515	78,737	57,939	55,680	56,586	54,367	76,115	80,480	89,549	103,876	115,969	121,001	121,332	121,104	108,233	103,922	96,744	83,743	76,154	73,974	72,620	88,229	99,094	104,477	111,515	106,224	127,476	128,404	161,186	161,244	147,483	149,070	118,319	109,657	98,525	0	0	0
Operating loss
-24,823	-19,544	-10,004	9,773	14,134	14,011	13,985	-8,995	-13,788	-22,214	-45,106	-50,647	-49,670	-45,004	-37,231	-32,816	-36,420	-37,791	-28,812	-25,205	-34,361	-35,573	-51,649	-52,617	-42,963	-43,221	-36,411	-63,400	-60,101	-88,743	-76,633	-50,828	-49,484	-33,727	-37,601	-39,567	0	0	0
Other income (expense):
Induced Conversion of Convertible Debt Expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash change in acquisition-related escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash change in acquisition-related escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-18,686	-20,381	-20,420	-20,414	-20,419	-20,444	-20,426	-20,542	-20,276	-19,332	-18,151	-16,799	-15,825	-15,597	-15,557	-14,087	-11,018	-7,164	-3,376	-1,032	-174	-85	-24	70	71	113	162	203	265	291	298	311	0	-	0	0	-	-	-
Interest income, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other income, net
1,016	351	-407	-280	-646	-895	-1,226	-2,826	-3,373	-4,080	-3,980	-5,760	1,067	414	2,556	5,757	-151	1,128	-491	-193	-140	-167	-257	-137	-189	-222	-95	-199	-287	-203	-79	-713	-1,167	-1,052	-744	1,325	0	0	0
Loss before income taxes
-50,426	-39,574	-30,831	-10,921	-6,931	-7,328	-7,667	-32,363	-37,437	-45,626	-67,237	-73,206	-64,428	-60,187	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-41,704	-29,710	-37,955	-39,105	-56,718	-52,684	-43,081	-43,330	-36,344	-63,396	-60,123	-88,655	-76,393	-51,234	-50,342	-34,395	-40,334	-40,895	0	0	0
Income tax provision
436	536	275	575	575	815	184	93	349	214	2,129	921	355	381	-436	408	492	181	190	169	119	124	-184	111	191	83	675	463	344	611	1,365	-9,907	-9,617	-9,503	-11,741	14,235	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-50,805	-40,110	-31,254	-11,594	-7,554	-8,143	-7,796	-32,428	-37,786	-45,840	-69,366	-74,127	-64,783	-60,568	-47,549	-49,840	-56,367	-52,294	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income attributable to noncontrolling interests
33	15	7	18	-61	-85	-107	-107	-101	-105	-52	-35	-14	5	16	5	-3	-8	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to Inseego Corp.
-50,838	-40,125	-31,261	-11,612	-7,493	-8,058	-7,689	-32,321	-37,685	-45,735	-69,314	-74,092	-64,769	-60,573	-47,585	-49,865	-56,364	-52,286	-46,705	0	0	-	0	-	-	-43,413	-37,019	-63,859	-60,467	-89,266	-77,758	-41,327	-40,725	-24,892	-28,593	-55,130	0	0	0
Series E preferred stock dividends
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to common shareholders
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-