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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net revenues:        
Total net revenues $ 69,167 $ 66,217 $ 192,408 $ 189,507
Cost of net revenues:        
Total cost of net revenues 51,211 47,274 141,310 131,742
Gross profit 17,956 18,943 51,098 57,765
Operating costs and expenses:        
Research and development 15,417 12,626 47,597 38,954
Sales and marketing 8,295 9,172 25,789 29,997
General and administrative 5,720 6,599 20,101 22,657
Amortization of purchased intangible assets 433 519 1,319 1,649
Impairment of capitalized software 0 0 0 1,197
Total operating costs and expenses 29,865 28,916 94,806 94,454
Operating loss (11,909) (9,973) (43,708) (36,689)
Other (expense) income:        
Gain on sale of Ctrack South Africa 0 5,262 0 5,262
Loss on debt conversion and extinguishment, net 0 0 (450) (432)
Interest expense, net (2,034) (1,655) (6,621) (5,178)
Other (expense) income, net (1,758) (828) (3,145) 291
Total other (expense) income (3,792) 2,779 (10,216) (57)
Loss before income taxes (15,701) (7,194) (53,924) (36,746)
Income tax provision (benefit) 42 (4) (582) 445
Net loss (15,743) (7,190) (53,342) (37,191)
Less: Net income attributable to noncontrolling interests 0 0 0 (214)
Net loss attributable to Inseego Corp. (15,743) (7,190) (53,342) (37,405)
Series E preferred stock dividends (691) (1,843) (2,029) (3,596)
Net loss attributable to common stockholders $ (16,434) $ (9,033) $ (55,371) $ (41,001)
Net loss per common share:        
Basic (in dollars per share) $ (0.15) $ (0.09) $ (0.52) $ (0.40)
Diluted (in dollars per share) $ (0.15) $ (0.09) $ (0.52) $ (0.40)
Weighted-average shares used in computation of net loss per common share:        
Basic (in shares) 107,747,468 103,430,083 106,977,201 102,586,121,000
Diluted (in shares) 107,747,468 103,430,083 106,977,201 102,586,121,000
IoT & Mobile Solutions        
Net revenues:        
Total net revenues $ 62,633 $ 56,975 $ 172,129 $ 151,770
Cost of net revenues:        
Total cost of net revenues 48,209 43,595 131,805 116,777
Enterprise SaaS Solutions        
Net revenues:        
Total net revenues 6,534 9,242 20,279 37,737
Cost of net revenues:        
Total cost of net revenues $ 3,002 $ 3,679 $ 9,505 $ 14,965