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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net revenues:        
IoT & Mobile Solutions $ 51,836 $ 69,314 $ 94,795 $ 111,729
Enterprise SaaS Solutions 13,857 11,375 28,495 25,800
Total net revenues 65,693 80,689 123,290 137,529
Cost of net revenues:        
IoT & Mobile Solutions 39,740 54,240 73,178 88,279
Enterprise SaaS Solutions 5,604 4,449 11,288 10,023
Total cost of net revenues 45,344 58,689 84,466 98,302
Gross profit 20,349 22,000 38,824 39,227
Operating costs and expenses:        
Research and development 11,773 10,540 26,328 18,764
Sales and marketing 9,821 8,648 20,825 17,403
General and administrative 7,414 7,396 16,058 14,558
Amortization of purchased intangible assets 664 753 1,130 1,579
Impairment of capitalized software 1,197 0 1,197 0
Total operating costs and expenses 30,869 27,337 65,538 52,304
Operating loss (10,520) (5,337) (26,714) (13,077)
Other income (expense):        
Loss on debt conversion and extinguishment, net 0 (67,241) (432) (75,174)
Interest expense, net (1,678) (3,160) (3,523) (6,540)
Other income (expense), net (617) 787 1,117 1,765
Loss before income taxes (12,815) (74,951) (29,552) (93,026)
Income tax provision (benefit) 228 (115) 449 (24)
Net loss (13,043) (74,836) (30,001) (93,002)
Less: Net loss (income) attributable to noncontrolling interests 0 6 (214) (26)
Net loss attributable to Inseego Corp. (13,043) (74,830) (30,215) (93,028)
Series E preferred stock dividends (886) (835) (1,753) (1,227)
Net loss attributable to common stockholders $ (13,929) $ (75,665) $ (31,968) $ (94,255)
Net loss per common share:        
Basic (in dollars per share) $ (0.14) $ (0.78) $ (0.31) $ (1.01)
Diluted (in dollars per share) $ (0.14) $ (0.78) $ (0.31) $ (1.01)
Weighted-average shares used in computation of net loss per common share:        
Basic (in shares) 102,935,213 96,487,344 102,157,146 93,680,846
Diluted (in shares) 102,935,213 96,487,344 102,157,146 93,680,846