Inseego Corp. (INSG) financial statements (2022 and earlier)

Company profile

Business Address 9710 SCRANTON ROAD
SAN DIEGO, CA 92121
State of Incorp.
Fiscal Year End December 31
SIC 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments46,47458,11430,841  41,994
Cash and cash equivalents46,47458,11430,841  41,994
Restricted cash and investments3,3383,495    
Receivables26,78123,06519,98322,822 38,042
Inventory, net of allowances, customer advances and progress billings37,40233,70127,54435,535 24,241
Inventory37,40233,70127,54435,535 24,241
Prepaid expense1,993     
Disposal group, including discontinued operation  42,450   
Assets held-for-sale, not part of disposal group   41,696  
Other undisclosed current assets11,63111,6668,08862,363 10,962
Total current assets:127,619130,041128,906162,416 115,239
Noncurrent Assets
Finance lease, right-of-use asset3,100     
Operating lease, right-of-use asset7,8398,0108,2948,517 9,279
Property, plant and equipment8,1028,7059,3309,417 13,052
Intangible assets, net (including goodwill)67,33168,90669,36766,408 80,716
Goodwill20,33621,19622,17521,441 28,742
Intangible assets, net (excluding goodwill)46,99547,71047,19244,967 51,974
Other noncurrent assets377380389386 384
Other undisclosed noncurrent assets1,4754,4878,4544,245 5,069
Total noncurrent assets:88,22490,48895,83488,973 108,500
TOTAL ASSETS:215,843220,529224,740251,389 223,739
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities74,83068,85454,05674,650 74,361
Accounts payable48,57744,45131,18245,906 51,098
Accrued liabilities26,25324,40322,87428,744 23,263
Debt     130
Disposal group, including discontinued operation  11,13210,062  
Total current liabilities:74,83068,85465,18884,712 74,491
Noncurrent Liabilities
Long-term debt and lease obligation157,866157,879159,120158,620 8,655
Long-term debt, excluding current maturities157,866157,879159,120158,620  
Operating lease, liability     8,655
Liabilities, other than long-term debt8,0019,1289,3389,520 13,631
Deferred income tax liabilities8521,042888823 3,278
Other liabilities7,1498,0868,4508,697 10,353
Other undisclosed noncurrent liabilities     154,184
Total noncurrent liabilities:165,867167,007168,458168,140 176,470
Total liabilities:240,697235,861233,646252,852 250,961
Stockholders' equity
Stockholders' equity attributable to parent(24,854)(15,332)(8,914)(1,470) (27,131)
Common stock105105103103 99
Additional paid in capital770,619766,736761,412757,352 706,212
Accumulated other comprehensive loss(8,531)(7,242)(6,279)(8,704) (14,613)
Accumulated deficit(787,047)(774,931)(764,150)(750,221) (718,829)
Stockholders' equity attributable to noncontrolling interest  87 (91)
Total stockholders' equity:(24,854)(15,332)(8,906)(1,463) (27,222)
TOTAL LIABILITIES AND EQUITY:215,843220,529224,740251,389 223,739

Income statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Revenues72,89266,21765,69357,597(227,769)90,240
Cost of revenue(54,732)(47,274)(45,344)(39,124) (65,070)
Gross profit:18,16018,94320,34918,473 25,170
Operating expenses(27,992)(28,916)(30,869)(34,669) (28,608)
Operating loss:(9,832)(9,973)(10,520)(16,196) (3,438)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
554(828)(617)1,735 1,053
Interest and debt expense   (432) (1,180)
Loss from continuing operations before equity method investments, income taxes:(9,278)(10,801)(11,137)(14,893) (3,565)
Other undisclosed income (loss) from continuing operations before income taxes(1,696)3,607(1,678)(1,845) (1,657)
Loss from continuing operations before income taxes:(10,974)(7,194)(12,815)(16,738) (5,222)
Income tax expense (benefit)2544(228)(221) (217)
Net loss:(10,720)(7,190)(13,043)(16,959) (5,439)
Net loss attributable to noncontrolling interest   (214) (3)
Net loss attributable to parent:(10,720)(7,190)(13,043)(17,173) (5,442)
Preferred stock dividends and other adjustments(647)(1,843)(886)(867) (829)
Net loss available to common stockholders, diluted:(11,367)(9,033)(13,929)(18,040) (6,271)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Net loss:(10,720)(7,190)(13,043)(16,959) (5,439)
Other comprehensive income (loss)  2,425(1,732)  
Other undisclosed comprehensive loss(1,289)(963)    
Comprehensive loss:(12,009)(8,153)(10,618)(18,691) (5,439)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (214) (3)
Other undisclosed comprehensive income, net of tax, attributable to parent     1,173
Comprehensive loss, net of tax, attributable to parent:(12,009)(8,153)(10,618)(18,905) (4,269)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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