EX-12.1 5 d279352dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

INSEEGO CORP.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

           Nine Months
Ended
September 30,
2016
 
     Year Ended December 31,    
(in thousands, except ratios)    2011     2012     2013     2014     2015    

Income before taxes and other charges

   $ (34,395   $ (88,655   $ (43,330   $ (39,105   $ (52,113   $ (33,626

Fixed charges

     230        297        309        351        7,478        12,046   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings before taxes and other charges and before fixed charges

   $ (34,165   $ (88,358   $ (43,021   $ (38,754   $ (44,635   $ (21,580
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
            

Interest expense (a)

   $ 8      $ 18      $ 65      $ 85      $ 7,164      $ 11,712   

Interest portion of rental expense

     222        279        244        266        314        334   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

   $ 230      $ 297      $ 309      $ 351      $ 7,478      $ 12,046   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
            

Ratio of earnings to fixed charges (b)

     n/m        n/m        n/m        n/m        n/m        n/m   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
            

Deficit earnings

   $ (34,395   $ (88,655   $ (43,330   $ (39,105   $ (52,113   $ (33,626
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(a) Includes interest on debt and capital leases and amortization of debt issuance costs. Excludes interest income.
(b) The ratio of earnings to fixed charges represents the number of times that fixed charges are covered by earnings. In each of the periods presented, earnings were negative and calculation of such ratio is not meaningful.