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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net revenues:        
IoT & Mobile Solutions $ 77,342 $ 47,733 $ 189,071 $ 123,548
Enterprise SaaS Solutions 12,898 14,983 38,698 43,615
Total net revenues 90,240 62,716 227,769 167,163
Cost of net revenues:        
IoT & Mobile Solutions 60,135 38,482 148,414 101,607
Enterprise SaaS Solutions 4,935 5,609 14,958 16,616
Total cost of net revenues 65,070 44,091 163,372 118,223
Gross profit 25,170 18,625 64,397 48,940
Operating costs and expenses:        
Research and development 10,684 6,655 29,448 15,328
Sales and marketing 8,446 7,149 25,849 20,769
General and administrative 8,699 7,148 23,257 21,086
Amortization of purchased intangible assets 779 847 2,358 2,575
Total operating costs and expenses 28,608 21,799 80,912 59,758
Operating loss (3,438) (3,174) (16,515) (10,818)
Other income (expense):        
Loss on debt conversion and extinguishment, net (1,180) 0 (76,354) 0
Interest expense, net (1,657) (5,119) (8,197) (15,336)
Other income (expense), net 1,053 (307) 2,818 (66)
Loss before income taxes (5,222) (8,600) (98,248) (26,220)
Income tax provision 217 223 193 793
Net loss (5,439) (8,823) (98,441) (27,013)
Less: Net loss (income) attributable to noncontrolling interests (3) 17 (29) (57)
Net loss attributable to Inseego Corp. (5,442) (8,806) (98,470) (27,070)
Series E preferred stock dividends (829) (131) (2,056) (131)
Net loss attributable to common shareholders $ (6,271) $ (8,937) $ (100,526) $ (27,201)
Net loss per common share:        
Basic and diluted (in dollars per share) $ (0.06) $ (0.11) $ (1.06) $ (0.35)
Weighted-average shares used in computation of net loss per common share:        
Basic and diluted (in shares) 98,016,798 79,550,445 95,136,713 77,606,317