INSEEGO CORP.
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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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.
Jun 30, 2026 · Filed Aug 6, 2026
INSG$4.22+8.9%Stored close · as of Nov 9, 2026
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Item 1. Financial Statements
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except par value, share and per share data)
| June 30,2026 | December 31,2025 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,878 | $24,886 |
| Accounts receivable, net of allowance for expected credit losses of $201 and $159, respectively | 40,129 | 25,086 |
| Inventories | 8,923 | 7,726 |
| Prepaid expenses and other current assets | 7,168 | 6,389 |
| Total current assets | 58,098 | 64,087 |
| Property, plant and equipment, net of accumulated depreciation of $12,445 and $26,063, respectively | 1,318 | 1,087 |
| Intangible assets, net of accumulated amortization of $34,839 and $32,336, respectively | 23,350 | 20,676 |
| Goodwill | 3,949 | 3,949 |
| Operating lease right-of-use assets | 3,016 | 3,451 |
| Other assets | 657 | 557 |
| Total assets | $90,388 | $93,807 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $28,687 | $23,583 |
| Accrued expenses and other current liabilities | 25,645 | 24,856 |
| Total current liabilities | 54,332 | 48,439 |
| Long-term liabilities: | ||
| Operating lease liabilities | 2,381 | 2,910 |
| Deferred tax liabilities, net | 192 | 186 |
| Working Capital Facility | 10,000 | — |
| 2029 Senior Secured Notes, net | 50,291 | 41,611 |
| Other long-term liabilities | 3,754 | 4,705 |
| Total liabilities | 120,950 | 97,851 |
| Commitments and contingencies (Note 9.) | ||
| Stockholders’ deficit: | ||
| Preferred stock, par value $0.001; 2,000,000 shares authorized: | ||
| Preferred stock, par value $0.001; 39,500 shares designated, no shares outstanding as of June 30, 2026, 25,000 issued and outstanding as of December 31, 2025 (aggregate liquidation preference of $41,966 as of December 31, 2025) | — | — |
| Common stock, par value $0.001; 150,000,000 shares authorized, 16,401,284 and 15,388,978 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 16 | 15 |
| Additional paid-in capital | 875,237 | 903,899 |
| Accumulated other comprehensive loss | 420 | 403 |
| Accumulated deficit | (906,235) | (908,361) |
| Total stockholders’ deficit | (30,562) | (4,044) |
| Total liabilities and stockholders’ deficit | $90,388 | $93,807 |
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