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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net revenues:        
IoT & Mobile Solutions $ 66,243 $ 39,983 $ 106,624 $ 72,764
Enterprise SaaS Solutions 14,446 15,908 30,905 31,683
Total net revenues 80,689 55,891 137,529 104,447
Cost of net revenues:        
IoT & Mobile Solutions 53,223 33,986 86,087 61,586
Enterprise SaaS Solutions 5,466 6,350 12,215 12,546
Total cost of net revenues 58,689 40,336 98,302 74,132
Gross profit 22,000 15,555 39,227 30,315
Operating costs and expenses:        
Research and development 10,540 5,188 18,764 8,673
Sales and marketing 8,648 7,229 17,403 13,620
General and administrative 7,396 7,464 14,558 13,938
Amortization of purchased intangible assets 753 857 1,579 1,728
Total operating costs and expenses 27,337 20,738 52,304 37,959
Operating loss (5,337) (5,183) (13,077) (7,644)
Other income (expense):        
Loss on debt conversion and extinguishment, net (67,241) 0 (75,174) 0
Interest expense, net (3,160) (5,142) (6,540) (10,217)
Other income (expense), net 787 (72) 1,765 241
Loss before income taxes (74,951) (10,397) (93,026) (17,620)
Income tax provision (benefit) (115) 322 (24) 570
Net loss (74,836) (10,719) (93,002) (18,190)
Less: Net loss (income) attributable to noncontrolling interests 6 (60) (26) (74)
Net loss attributable to Inseego Corp. (74,830) (10,779) (93,028) (18,264)
Series E preferred stock dividends (835) 0 (1,227) 0
Net loss attributable to common shareholders $ (75,665) $ (10,779) $ (94,255) $ (18,264)
Net loss per common share:        
Basic and diluted (in dollars per share) $ (0.78) $ (0.14) $ (1.01) $ (0.24)
Weighted-average shares used in computation of net loss per common share:        
Basic and diluted (in shares) 96,487,344 78,844,666 93,680,846 76,618,142