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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net revenues:        
IoT & Mobile Solutions $ 45,926 $ 34,636 $ 118,690 $ 95,257
Enterprise SaaS Solutions 16,790 15,994 48,473 51,163
Total net revenues 62,716 50,630 167,163 146,420
Cost of net revenues:        
IoT & Mobile Solutions 37,873 26,793 99,459 75,168
Enterprise SaaS Solutions 6,218 6,233 18,764 20,093
Impairment of abandoned product line, net of recoveries 0 0 0 355
Total cost of net revenues 44,091 33,026 118,223 95,616
Gross profit 18,625 17,604 48,940 50,804
Operating costs and expenses:        
Research and development 6,655 5,317 15,328 15,261
Sales and marketing 7,149 5,907 20,769 16,957
General and administrative 7,135 5,837 21,036 18,634
Amortization of purchased intangible assets 847 869 2,575 2,764
Extinguishment of acquisition-related liabilities 0 (17,174) 0 (17,174)
Restructuring charges, net of recoveries 13 245 50 1,165
Total operating costs and expenses 21,799 1,001 59,758 37,607
Operating income (loss) (3,174) 16,603 (10,818) 13,197
Other expense:        
Interest expense, net (5,119) (5,113) (15,336) (15,360)
Other expense, net (307) (180) (66) (554)
Income (loss) before income taxes (8,600) 11,310 (26,220) (2,717)
Income tax provision 223 473 793 1,185
Net income (loss) (8,823) 10,837 (27,013) (3,902)
Less: Net loss (income) attributable to noncontrolling interests 17 6 (57) 35
Net income (loss) attributable to Inseego Corp. (8,806) 10,843 (27,070) (3,867)
Series E preferred stock dividends (131) 0 (131) 0
Net income (loss) attributable to common shareholders $ (8,937) $ 10,843 $ (27,201) $ (3,867)
Net income (loss) per common share:        
Basic (in dollars per share) $ (0.11) $ 0.16 $ (0.35) $ (0.06)
Diluted (in dollars per share) $ (0.11) $ 0.15 $ (0.35) $ (0.06)
Weighted-average shares used in computation of net income (loss) per common share:        
Basic (in shares) 79,550,445 68,480,774 77,606,317 63,585,229
Diluted (in shares) 79,550,445 71,456,346 77,606,317 63,585,229