INSEEGO CORP.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
View on SEC.govAbout this filing
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.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Stockholders’ Deficit (Unaudited)
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, December 31, 2023 | 25 | $— | 11,879 | $12 | $810,138 | $(906,928) | $(5,327) | $(102,105) |
| Net income (loss) | — | — | — | — | — | 5,138 | — | 5,138 |
| Foreign currency translation adjustment | — | — | — | — | — | — | (1,385) | (1,385) |
| Exercises of stock options, vesting of restricted stock units and stock issued under employee stock purchase plan, net of taxes withheld | — | — | 177 | — | 207 | — | — | 207 |
| Issuance of common stock warrants in connection with debt restructurings | — | — | — | — | 5,342 | — | — | 5,342 |
| Issuance of common stock in connection with debt restructurings | — | — | 487 | 1 | 4,924 | — | — | 4,925 |
| Share-based compensation | — | — | — | — | 2,815 | — | — | 2,815 |
| Preferred stock dividends | — | — | — | — | 2,425 | (2,425) | — | — |
| Balance, September 30, 2024 | 25 | $— | 12,543 | $13 | $825,851 | $(904,215) | $(6,712) | $(85,063) |
| Balance, December 31, 2024 | 25 | $— | 14,991 | $15 | $892,534 | $(905,625) | $218 | $(12,858) |
| Net income (loss) | — | — | — | — | — | 369 | — | 369 |
| Foreign currency translation adjustment | — | — | — | — | — | — | 147 | 147 |
| Exercises of stock options, vesting of restricted stock units and stock issued under employee stock purchase plan, net of taxes withheld | — | — | 222 | — | (481) | — | — | (481) |
| Share-based compensation | — | — | — | — | 5,105 | — | — | 5,105 |
| Preferred stock dividends | — | — | — | — | 2,650 | (2,650) | — | — |
| 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
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $369 | $5,138 |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| (Income) Loss from discontinued operations, net of tax | 400 | (3,032) |
| Depreciation and amortization | 6,079 | 10,214 |
| Loss on extinguishment of revolving credit facility | — | 788 |
| Gain on debt restructurings, net | — | (13,690) |
| Provision for expected credit losses | 287 | (372) |
| Impairment of capitalized software | 384 | 927 |
| Provision for excess and obsolete inventory | 510 | 901 |
| Gain on early lease termination | (443) | — |
| Impairment of operating lease right-of-use assets | — | 139 |
| Share-based compensation expense | 5,105 | 2,714 |
| Amortization of debt discount (premium) and debt issuance costs, net | (120) | 4,435 |
| Deferred income taxes | 9 | 9 |
| Non-cash operating lease expense | 774 | 738 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (14,047) | 2,962 |
| Inventories | 4,463 | 1,536 |
| Prepaid expenses and other assets | (1,164) | 1,993 |
| Accounts payable | (184) | 12,021 |
| Accrued expenses and other liabilities | (5,325) | 14,146 |
| Operating lease liabilities | (952) | (888) |
| Operating cash flows from continuing operations | (3,855) | 40,679 |
| Operating cash flows from discontinued operations | (908) | 7,031 |
| Net cash provided by (used in) operating activities | (4,763) | 47,710 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | (321) | (30) |
| Additions to capitalized software development costs and purchases of intangible assets | (6,121) | (3,608) |
| Investing cash flows from continuing operations | (6,442) | (3,638) |
| Investing cash flows from discontinued operations | 710 | (16) |
| Net cash used in investing activities | (5,732) | (3,654) |
| Cash flows from financing activities: | ||
| Payments related to repayments of 2025 Convertible Notes | (14,949) | (33,781) |
| Proceeds from issuance of short-term loan and warrants, net of issuance costs | — | 19,350 |
| Net repayments on revolving credit facility | — | (4,882) |
| Repayments on short-term loan | — | (13,500) |
| Proceeds from stock option exercises and employee stock purchase plan, net of taxes | 308 | 2 |
| Financing cash flows from continuing operations | (14,641) | (32,811) |
| Financing cash flows from discontinued operations | — | — |
| Net cash used in financing activities | (14,641) | (32,811) |
| Effect of exchange rates on cash | 99 | (1,682) |
| Net increase (decrease) in cash and cash equivalents | (25,037) | 9,563 |
| Cash and cash equivalents, beginning of period | 39,596 | 2,409 |
| Cash and cash equivalents, end of period | $14,559 | $11,972 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the year for: | ||
| Interest | $2,103 | $4,283 |
| Income taxes | $1,440 | $269 |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Capital expenditures financed through accounts payable or accrued liabilities | $1,068 | $262 |
| Equity value issued in exchange for 2025 Convertible Notes | $— | $7,088 |
| Right-of-use assets obtained in exchange for operating leases liabilities | $2,042 | $146 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.