INSEEGO CORP.
For the period ended Sep 30, 2025. Filed Nov 7, 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.
Sep 30, 2025 · Filed Nov 7, 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 EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues: | ||||
| Mobile solutions | $16,037 | $32,282 | $47,499 | $73,431 |
| Fixed wireless access solutions | 17,650 | 9,723 | 34,064 | 37,222 |
| Product | 33,687 | 42,005 | 81,563 | 110,653 |
| Software services and other | 12,206 | 12,027 | 36,226 | 32,504 |
| Total revenues | 45,893 | 54,032 | 117,789 | 143,157 |
| Cost of revenues: | ||||
| Product | 25,253 | 33,592 | 63,014 | 86,812 |
| Software services and other | 1,556 | 1,640 | 4,193 | 5,492 |
| Total cost of revenues | 26,809 | 35,232 | 67,207 | 92,304 |
| Gross profit | 19,084 | 18,800 | 50,582 | 50,853 |
| Operating costs and expenses: | ||||
| Research and development | 4,878 | 5,176 | 14,233 | 15,032 |
| Sales and marketing | 4,198 | 4,125 | 12,083 | 12,176 |
| General and administrative | 5,689 | 4,822 | 14,882 | 12,695 |
| Depreciation and amortization | 2,164 | 3,154 | 5,989 | 10,098 |
| Impairment of capitalized software | — | 507 | 384 | 927 |
| Total operating costs and expenses | 16,929 | 17,784 | 47,571 | 50,928 |
| Operating income (loss) | 2,155 | 1,016 | 3,011 | (75) |
| Other (expense) income: | ||||
| Interest expense | (885) | (5,731) | (2,844) | (9,686) |
| Loss on extinguishment of revolving credit facility | — | — | — | (788) |
| Gain on debt restructurings, net | — | 12,366 | — | 13,690 |
| Other income (expense), net | 126 | (72) | 611 | (864) |
| Income (Loss) before income taxes | 1,396 | 7,579 | 778 | 2,277 |
| Income tax provision (benefit) | (36) | 36 | 9 | 171 |
| Income (Loss) from continuing operations | 1,432 | 7,543 | 769 | 2,106 |
| Income (Loss) from discontinued operations (net of income tax provision (benefit) of $—, $266, $400 and $674, respectively) | — | 1,426 | (400) | 3,032 |
| Net income (loss) | 1,432 | 8,969 | 369 | 5,138 |
| Preferred stock dividends | (903) | (827) | (2,650) | (2,425) |
| Net income (loss) attributable to common stockholders | $529 | $8,142 | $(2,281) | $2,713 |
| Per share data: | ||||
| Net earnings (loss) per share | ||||
| Basic | ||||
| Continuing operations | $0.03 | $0.54 | $(0.12) | $(0.03) |
| Discontinued operations | — | 0.12 | (0.03) | 0.25 |
| Basic and diluted earnings (loss) per share* | $0.03 | $0.66 | $(0.15) | $0.23 |
| Diluted | ||||
| Continuing operations | $0.03 | $(0.16) | $(0.12) | $(0.03) |
| Discontinued operations | — | 0.11 | (0.03) | 0.25 |
| Diluted earnings per share | $0.03 | $(0.06) | $(0.15) | $0.23 |
| Weighted-average shares used in computation of net earnings (loss) per share | ||||
| Basic | 15,142,000 | 12,336,503 | 15,056,458 | 12,036,989 |
| Diluted | 15,522,042 | 13,218,293 | 15,056,458 | 12,036,989 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustment | 32 | (1,292) | 147 | (1,385) |
| Comprehensive income | $1,464 | $7,677 | $516 | $3,753 |
*rounding may impact summation of amounts
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT
| Preferred Stock · Common Stock · AdditionalPaid-in Capital (*) · Accumulated Deficit · AccumulatedOtherComprehensive (Loss) Income · TotalStockholders’ Deficit | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares () · Amount () | ||||||||
| Balance, June 30, 2024 | 25 | $— | 11,910 | $12 | $816,002 | (912,357) | $(5,420) | $(101,763) |
| Net loss | — | — | — | — | — | 8,969 | — | 8,969 |
| Foreign currency translation adjustment | — | — | — | — | — | — | (1,292) | (1,292) |
| Exercises of stock options, vesting of restricted stock units and stock issued under employee stock purchase plan, net of taxes withheld | — | — | 146 | — | 213 | — | — | 213 |
| Issuance of common stock warrants in connection with debt restructurings | — | — | — | — | 2,656 | — | — | 2,656 |
| Issuance of common stock in connection with debt restructurings | — | — | 487 | 1 | 4,924 | — | — | 4,925 |
| Share-based compensation | — | — | — | — | 1,229 | — | — | 1,229 |
| Preferred stock dividends | — | — | — | — | 827 | (827) | — | — |
| Balance, September 30, 2024 | 25 | $— | 12,543 | $13 | $825,851 | $(904,215) | $(6,712) | $(85,063) |
| Balance, June 30, 2025 | 25 | $— | 15,043 | $15 | $897,591 | $(908,435) | $333 | $(10,496) |
| Net income | — | — | — | — | — | 1,432 | — | 1,432 |
| Foreign currency translation adjustment | — | — | — | — | — | — | 32 | 32 |
| Exercises of stock options, vesting of restricted stock units and stock issued under employee stock purchase plan, net of taxes withheld | — | — | 170 | — | (536) | — | — | (536) |
| Share-based compensation | — | — | — | — | 1,850 | — | — | 1,850 |
| Preferred stock dividends | — | — | — | — | 903 | (903) | — | — |
| Balance, September 30, 2025 | 25 | $— | 15,213 | $15 | $899,808 | $(907,906) | $365 | $(7,718) |
(*)Adjusted retroactively for reverse stock split that occurred on January 24, 2024, see Note 1
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.