INSEEGO CORP
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
INSG$4.25+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income
(in thousands, except share and per share data)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues: | ||
| Mobile solutions | $98,930 | $80,498 |
| Fixed wireless access solutions | 47,649 | 54,900 |
| Product revenues | 146,579 | 135,398 |
| Services and other | 44,665 | 31,888 |
| Total revenues | 191,244 | 167,286 |
| Cost of revenues: | ||
| Product | 115,390 | 127,157 |
| Services and other | 7,057 | 4,353 |
| Total cost of revenues | 122,447 | 131,510 |
| Gross profit | 68,797 | 35,776 |
| Operating costs and expenses: | ||
| Research and development | 20,596 | 19,725 |
| Sales and marketing | 15,951 | 16,632 |
| General and administrative | 17,240 | 15,853 |
| Depreciation and amortization | 12,368 | 18,408 |
| Impairment of capitalized software | 927 | 1,115 |
| Total operating costs and expenses | 67,082 | 71,733 |
| Operating income (loss) | 1,715 | (35,957) |
| Other income (expense): | ||
| Loss on debt restructurings, net | (2,851) | — |
| Loss on extinguishment of revolving credit facility | (788) | — |
| Interest expense, net | (10,906) | (9,086) |
| Other income (expense), net | (850) | 70 |
| Loss before income taxes | (13,680) | (44,973) |
| Income tax provision | 689 | 43 |
| Loss from continuing operations, net of tax | (14,369) | (45,016) |
| Income (Loss) from discontinued operations (net of income tax provision of $1,956 and $841, respectively) | 18,941 | (1,169) |
| Net income (loss) | 4,572 | (46,185) |
| Preferred stock dividends | (3,269) | (2,991) |
| Net income (loss) attributable to common stockholders | $1,303 | $(49,176) |
| Per share data: | ||
| Net earnings (loss) per share: | ||
| Basic and diluted: | ||
| Continuing operations | $(1.41) | $(4.22) |
| Discontinued operations | 1.51 | (0.10) |
| Basic earnings (loss) per share (*) | $0.10 | $(4.32) |
| Weighted-average shares used in computation of net earnings (loss) per share | ||
| Basic and diluted (*) | 12,535,756 | 11,372,069 |
| Other comprehensive (loss) income: | ||
| Foreign currency translation adjustment | $(581) | $1,002 |
| Release of cumulative foreign currency translation adjustments as a result of the sale of Telematics Business | 6,126 | — |
| Comprehensive income (loss) | $10,117 | $(45,183) |
(*)Adjusted retroactively for reverse stock split that occurred on January 24, 2024, see Note 1. Rounding may affect summation.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.