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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net revenues:        
Total net revenues $ 61,856 $ 65,693 $ 123,240 $ 123,290
Cost of net revenues:        
Total cost of net revenues 43,964 45,344 90,100 84,466
Gross profit 17,892 20,349 33,140 38,824
Operating costs and expenses:        
Research and development 13,619 11,773 32,179 26,328
Sales and marketing 7,721 9,821 17,494 20,825
General and administrative 6,142 7,414 14,380 16,058
Amortization of purchased intangible assets 443 664 887 1,130
Total operating costs and expenses 27,925 30,869 64,940 65,538
Operating loss (10,033) (10,520) (31,800) (26,714)
Other (expense) income:        
Loss on debt conversion and extinguishment, net 0 0 (450) (432)
Interest expense, net (1,664) (1,678) (4,587) (3,523)
Other (expense) income, net (982) (617) (1,387) 1,117
Loss before income taxes (12,679) (12,815) (38,224) (29,552)
Income tax (benefit) provision (303) 228 (625) 449
Net loss (12,376) (13,043) (37,599) (30,001)
Less: Net income attributable to noncontrolling interests 0 0 0 (214)
Net loss attributable to Inseego Corp. (12,376) (13,043) (37,599) (30,215)
Series E preferred stock dividends (677) (886) (1,338) (1,753)
Net loss attributable to common stockholders $ (13,053) $ (13,929) $ (38,937) $ (31,968)
Net loss per common share:        
Basic (in dollars per share) $ (0.12) $ (0.14) $ (0.37) $ (0.31)
Diluted (in dollars per share) $ (0.12) $ (0.14) $ (0.37) $ (0.31)
Weighted-average shares used in computation of net loss per common share:        
Basic (in shares) 107,511,660 102,935,213 106,585,684 102,157,146,000
Diluted (in shares) 107,511,660 102,935,213 106,585,684 102,157,146,000
IoT & Mobile Solutions        
Net revenues:        
Total net revenues $ 54,990 $ 51,836 $ 109,495 $ 94,795
Cost of net revenues:        
Total cost of net revenues 40,694 39,740 83,597 73,178
Enterprise SaaS Solutions        
Net revenues:        
Total net revenues 6,866 13,857 13,745 28,495
Cost of net revenues:        
Total cost of net revenues $ 3,270 $ 5,604 $ 6,503 $ 11,288