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$4.22+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, share and per share data)
| September 30,2025 | December 31,2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $14,559 | $39,596 |
| Accounts receivable, net of allowance for expected credit losses of $176 and $123, respectively | 27,563 | 13,803 |
| Inventories | 8,602 | 13,575 |
| Prepaid expenses and other current assets | 6,261 | 5,926 |
| Total current assets | 56,985 | 72,900 |
| Property, plant and equipment, net of accumulated depreciation of $29,423 and $28,897, respectively | 1,016 | 1,102 |
| Intangible assets, net of accumulated amortization of $37,098 and $33,558, respectively | 19,635 | 18,747 |
| Goodwill | 3,949 | 3,949 |
| Operating lease right-of-use assets | 3,663 | 2,855 |
| Other assets | 565 | 446 |
| Total assets | $85,813 | $99,999 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $18,783 | $18,433 |
| Accrued expenses and other current liabilities | 25,075 | 30,133 |
| 2025 Convertible Notes, net | — | 14,905 |
| Total current liabilities | 43,858 | 63,471 |
| Long-term liabilities: | ||
| Operating lease liabilities | 3,161 | 2,627 |
| Deferred tax liabilities, net | 183 | 174 |
| 2029 Senior Secured Notes, net | 41,666 | 41,830 |
| Other long-term liabilities | 4,663 | 4,755 |
| Total liabilities | 93,531 | 112,857 |
| Commitments and contingencies (Note 10.) | ||
| 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 both September 30, 2025 and December 31, 2024 (aggregate liquidation preference of $41,043 as of September 30, 2025) | — | — |
| Common stock, par value $0.001; 150,000,000 shares authorized, 15,212,522 and 14,990,712 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 15 | 15 |
| Additional paid-in capital | 899,808 | 892,534 |
| Accumulated other comprehensive loss | 365 | 218 |
| Accumulated deficit | (907,906) | (905,625) |
| Total stockholders’ deficit | (7,718) | (12,858) |
| Total liabilities and stockholders’ deficit | $85,813 | $99,999 |
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