INSEEGO CORP.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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, 2026 · Filed Nov 5, 2026
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 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, 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) |
| Balance, December 31, 2025 | 25 | $— | 15,389 | $15 | $903,899 | $(908,361) | $403 | $(4,044) |
| Net income (loss) | — | — | — | — | — | (21,077) | — | (21,077) |
| Foreign currency translation adjustment | — | — | — | — | — | — | 36 | 36 |
| Exercises of stock options, vesting of restricted stock units and stock issued under employee stock purchase plan, net of taxes withheld | — | — | 346 | — | (444) | — | — | (444) |
| Share-based compensation | — | — | — | — | 7,645 | — | — | 7,645 |
| Preferred stock exchange | (25) | — | 767 | 1 | (33,793) | 15,100 | — | (18,692) |
| Balance, September 30, 2026 | — | $— | 16,502 | $16 | $877,307 | $(914,338) | $439 | $(36,576) |
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, 2025 | 25 | $— | 15,043 | $15 | $897,591 | (908,435) | $333 | $(10,496) |
| Net income (loss) | — | — | — | — | — | 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) |
| Balance, June 30, 2026 | — | $— | 16,401 | $16 | $875,237 | $(906,235) | $420 | $(30,562) |
| Net income (loss) | — | — | — | — | — | (8,103) | — | (8,103) |
| Foreign currency translation adjustment | — | — | — | — | — | — | 19 | 19 |
| Exercises of stock options, vesting of restricted stock units and stock issued under employee stock purchase plan, net of taxes withheld | — | — | 101 | — | (222) | — | — | (222) |
| Share-based compensation | — | — | — | — | 2,292 | — | — | 2,292 |
| Balance, September 30, 2026 | — | $— | 16,502 | $16 | $877,307 | $(914,338) | $439 | $(36,576) |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(21,077) | $369 |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| (Income) Loss from discontinued operations, net of tax | — | 400 |
| Depreciation and amortization | 6,517 | 6,079 |
| Provision for expected credit losses | 20 | 287 |
| Impairment of capitalized software | 341 | 384 |
| Provision for excess and obsolete inventory | 2,872 | 510 |
| Gain on early lease termination | — | (443) |
| Share-based compensation expense | 7,645 | 5,105 |
| Amortization of debt discount (premium) and debt issuance costs, net | (363) | (120) |
| Deferred income taxes | 9 | 9 |
| Non-cash operating lease expense | 657 | 774 |
| Other | 199 | — |
| Changes in assets and liabilities: | ||
| Accounts receivable | (1,799) | (14,047) |
| Inventories | (15,659) | 4,463 |
| Prepaid expenses and other assets | (2,333) | (1,164) |
| Accounts payable | 14,352 | (184) |
| Accrued expenses and other liabilities | 148 | (5,325) |
| Operating lease liabilities | (717) | (952) |
| Operating cash flows from continuing operations | (9,188) | (3,855) |
| Operating cash flows from discontinued operations | — | (908) |
| Net cash used in operating activities | (9,188) | (4,763) |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | (549) | (321) |
| Additions to capitalized software development costs and purchases of intangible assets | (10,084) | (6,121) |
| Investing cash flows from continuing operations | (10,633) | (6,442) |
| Investing cash flows from discontinued operations | — | 710 |
| Net cash used in investing activities | (10,633) | (5,732) |
| Cash flows from financing activities: | ||
| Payments related to repayments of 2025 Convertible Notes | — | (14,949) |
| Draws on Working Capital Facility | 16,650 | — |
| Repayments of Working Capital Facility | (9,008) | — |
| Cash payments as part of preferred stock exchange | (6,667) | — |
| Proceeds from stock option exercises and employee stock purchase plan, net of taxes | 699 | 308 |
| Financing cash flows from continuing operations | 1,674 | (14,641) |
| Financing cash flows from discontinued operations | — | — |
| Net cash provided by (used in) financing activities | 1,674 | (14,641) |
| Effect of exchange rates on cash | (128) | 99 |
| Net decrease in cash and cash equivalents | (18,275) | (25,037) |
| Cash and cash equivalents, beginning of period | 24,886 | 39,596 |
| Cash and cash equivalents, end of period | $6,611 | $14,559 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the year for: | ||
| Interest | $2,002 | $2,103 |
| Income taxes | $42 | $1,440 |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Capital expenditures financed through accounts payable or accrued liabilities | $715 | $1,068 |
| Fair value of common stock, debt, and cash payables issued as part of preferred stock exchange | $23,532 | $— |
| Carrying value of preferred stock removed as part of preferred stock exchange | $41,966 | $— |
| Right-of-use assets obtained in exchange for operating leases liabilities | $— | $2,042 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.