INSEEGO CORP
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
INSG$4.22+8.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except par value and share data)
| June 30,2024 | December 31,2023 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $48,993 | $7,519 |
| Accounts receivable, net of allowance for expected credit losses of $890 and $1,113, respectively | 20,727 | 22,616 |
| Inventories | 18,006 | 22,880 |
| Prepaid expenses and other | 5,400 | 5,211 |
| Total current assets | 93,126 | 58,226 |
| Property, plant and equipment, net of accumulated depreciation of $29,835 and $28,920, respectively | 1,925 | 2,758 |
| Rental assets, net of accumulated depreciation of $8,682 and $7,003, respectively | 4,863 | 5,083 |
| Intangible assets, net of accumulated amortization of $45,110 and $39,987, respectively | 22,644 | 27,140 |
| Goodwill | 21,922 | 21,922 |
| Operating lease right-of-use assets | 4,701 | 5,412 |
| Other assets | 382 | 1,256 |
| Total assets | $149,563 | $121,797 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $30,739 | $24,795 |
| Accrued expenses and other current liabilities | 37,019 | 27,022 |
| Short-term loan | 13,664 | — |
| 2025 Convertible Notes, net | 157,679 | — |
| Revolving credit facility | — | 4,094 |
| Total current liabilities | 239,101 | 55,911 |
| Long-term liabilities: | ||
| 2025 Convertible Notes, net | — | 159,912 |
| Operating lease liabilities | 4,394 | 5,039 |
| Deferred tax liabilities, net | 697 | 680 |
| Other long-term liabilities | 7,134 | 2,360 |
| Total liabilities | 251,326 | 223,902 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ deficit: | ||
| Preferred stock, par value $0.001; 2,000,000 shares authorized: | ||
| Preferred stock, par value $0.001; 39,500 shares designated, 25,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively (aggregate liquidation preference of $36,721,385) | — | — |
| Common stock, par value $0.001; 150,000,000 shares authorized, 11,910,151 and 11,878,557 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively | 12 | 12 |
| Additional paid-in capital | 816,002 | 810,138 |
| Accumulated other comprehensive loss | (5,420) | (5,327) |
| Accumulated deficit | (912,357) | (906,928) |
| Total stockholders’ deficit | (101,763) | (102,105) |
| Total liabilities and stockholders’ deficit | $149,563 | $121,797 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.