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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net revenues:        
IoT & Mobile Solutions $ 34,636 $ 41,116 $ 95,257 $ 123,143
Enterprise SaaS Solutions 15,994 16,345 51,163 49,620
Total net revenues 50,630 57,461 146,420 172,763
Cost of net revenues:        
IoT & Mobile Solutions 26,793 35,323 75,168 102,961
Enterprise SaaS Solutions 6,233 5,684 20,093 18,526
Impairment of abandoned product line, net of recoveries 0 82 355 1,489
Total cost of net revenues 33,026 41,089 95,616 122,976
Gross profit 17,604 16,372 50,804 49,787
Operating costs and expenses:        
Research and development 5,317 5,099 15,261 16,788
Sales and marketing 5,907 6,181 16,957 20,340
General and administrative 5,837 7,118 18,634 27,249
Amortization of purchased intangible assets 869 905 2,764 2,714
Extinguishment of acquisition-related liabilities (17,174) 0 (17,174) 0
Restructuring charges, net of recoveries 245 3,446 1,165 5,698
Total operating costs and expenses 1,001 22,749 37,607 72,789
Operating income (loss) 16,603 (6,377) 13,197 (23,002)
Other expense:        
Interest expense, net (5,113) (5,229) (15,360) (14,266)
Other expense, net (180) (1,780) (554) (3,408)
Income (loss) before income taxes 11,310 (13,386) (2,717) (40,676)
Income tax provision 473 409 1,185 1,270
Net income (loss) 10,837 (13,795) (3,902) (41,946)
Less: Net loss attributable to noncontrolling interests 6 6 35 33
Net income (loss) attributable to Inseego Corp. $ 10,843 $ (13,789) $ (3,867) $ (41,913)
Net income (loss) per share:        
Basic ($ per share) $ 0.16 $ (0.23) $ (0.06) $ (0.72)
Diluted ($ per share) $ 0.15 $ (0.23) $ (0.06) $ (0.72)
Weighted-average shares used in computation of net income (loss) per share:        
Basic (in shares) 68,480,774 59,004,520 63,585,229 58,157,171
Diluted (in shares) 71,456,346 59,004,520 63,585,229 58,157,171