INSEEGO CORP
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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.
Mar 31, 2025 · Filed May 9, 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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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(In thousands, except share and per share data)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenues: | ||
| Mobile solutions | $17,790 | $15,270 |
| Fixed wireless access solutions | 1,903 | 14,182 |
| Product | 19,693 | 29,452 |
| Services and other | 11,980 | 8,053 |
| Total revenues | 31,673 | 37,505 |
| Cost of revenues: | ||
| Product | 15,396 | 22,713 |
| Services and other | 1,294 | 1,548 |
| Total cost of revenues | 16,690 | 24,261 |
| Gross profit | 14,983 | 13,244 |
| Operating costs and expenses: | ||
| Research and development | 4,535 | 4,683 |
| Sales and marketing | 3,934 | 3,839 |
| General and administrative | 4,490 | 3,955 |
| Depreciation and amortization | 2,064 | 3,292 |
| Impairment of capitalized software | 384 | 420 |
| Total operating costs and expenses | 15,407 | 16,189 |
| Operating income (loss) | (424) | (2,945) |
| Other (expense) income: | ||
| Interest expense | (1,026) | (2,179) |
| Other income (expense), net | 303 | (375) |
| Income (Loss) before income taxes | (1,147) | (5,499) |
| Income tax provision | 23 | 17 |
| Income (Loss) from continuing operations | (1,170) | (5,516) |
| Income (Loss) from discontinued operations (net of income tax provision of $400 and $220, respectively) | (400) | 1,061 |
| Net income (loss) | (1,570) | (4,455) |
| Preferred stock dividends | (864) | (790) |
| Net income (loss) attributable to common stockholders | $(2,434) | $(5,245) |
| Per share data: | ||
| Net earnings (loss) per share | ||
| Basic and diluted | ||
| Continuing operations | $(0.14) | $(0.53) |
| Discontinued operations | (0.03) | 0.09 |
| Basic and diluted earnings per share* | $(0.16) | $(0.44) |
| Weighted-average shares used in computation of net earnings (loss) per share | ||
| Basic and diluted | 15,002,003 | 11,879,719 |
| Other comprehensive income: | ||
| Foreign currency translation adjustment | 6 | 262 |
| Comprehensive loss | $(1,564) | $(4,193) |
*rounding may impact summation of amounts
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