INSEEGO CORP
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 22, 2024
INSG$4.25+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net loss | $(46,185) | $(67,969) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities | ||
| Depreciation and amortization | 22,522 | 27,206 |
| Fair value adjustment on derivative instrument | — | (926) |
| Provision for expected credit losses | 446 | 189 |
| Impairment of capitalized software | 5,239 | 3,014 |
| Provision for excess and obsolete inventory | 9,562 | 2,614 |
| Write-off of capitalized inventory order fees | 1,275 | — |
| Impairment of operating lease right-of-use assets | 469 | — |
| Share-based compensation expense | 7,444 | 17,875 |
| Amortization of debt discount and debt issuance costs | 1,953 | 2,960 |
| Loss on debt conversion and extinguishment, net | — | 450 |
| Deferred income taxes | 388 | (570) |
| Non-cash operating lease expense | 1,726 | 1,268 |
| Changes in assets and liabilities, net of effects of divestiture: | ||
| Accounts receivable | 1,891 | 2,441 |
| Inventories | 669 | (3,065) |
| Prepaid expenses and other assets | 2,441 | 5,642 |
| Accounts payable | (1,860) | (26,313) |
| Accrued expenses other liabilities | 1,110 | 3,450 |
| Operating lease liabilities | (1,925) | (1,555) |
| Net cash provided by (used in) operating activities | 7,165 | (33,289) |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | (704) | (1,481) |
| Additions to capitalized software development costs and purchases of intangible assets | (9,465) | (11,838) |
| Net cash used in investing activities | (10,169) | (13,319) |
| Cash flows from financing activities: | ||
| Net repayment of bank and overdraft facilities | (186) | (569) |
| Net (repayments) borrowings on asset-backed revolving credit facility | (3,757) | 7,851 |
| Payment of debt issuance costs on asset-backed revolving credit facility | — | (1,126) |
| Principal payments under finance lease obligations | — | (62) |
| Principal payments on financed assets | — | (1,567) |
| Proceeds from a public offering, net of issuance costs | 6,057 | — |
| Proceeds from stock option exercises and ESPP | 97 | 900 |
| Net cash provided by financing activities | 2,211 | 5,427 |
| Effect of exchange rates on cash | 1,169 | (1,488) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 376 | (42,669) |
| Cash, cash equivalents and restricted cash, beginning of period | 7,143 | 49,812 |
| Cash and cash equivalents, end of period | $7,519 | $7,143 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the year for: | ||
| Interest | $6,013 | $5,535 |
| Income taxes | $142 | $168 |
| Supplemental disclosures of non-cash activities: | ||
| Transfer of inventories to rental assets | $3,415 | $442 |
| Right-of-use assets obtained in exchange for operating leases liabilities | $1,030 | $705 |
| Capital expenditures financed through accounts payable or accrued liabilities | $98 | $2,276 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.