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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:46,474 12,10031,00021,2009,900
Cash and cash equivalents46,474 12,07431,01521,1989,894
Other undisclosed cash, cash equivalents, and short-term investments  26(15)26
Restricted cash and investments3,338   61 
Receivables26,781 19,65620,63315,67422,203
Inventory, net of allowances, customer advances and progress billings37,402 25,29026,43120,40331,142
Inventory37,402 25,29026,43120,40331,142
Prepaid expense1,993     
Other undisclosed current assets11,631 7,0916,2889,0995,202
Total current assets:127,619 64,13784,35266,43768,447
Noncurrent Assets
Finance lease, right-of-use asset3,100  
Operating lease, right-of-use asset7,839 2,657
Property, plant and equipment8,102 10,7566,6986,9918,392
Intangible assets, net (including goodwill)67,331 78,05164,92776,35274,711
Goodwill20,336 33,65932,94237,68134,428
Intangible assets, net (excluding goodwill)46,995 44,39231,98538,67140,283
Other noncurrent assets377 387510864163
Other undisclosed noncurrent assets1,475 5,3855,7697,5637,003
Total noncurrent assets:88,224 97,23677,90491,77090,269
TOTAL ASSETS:215,843 161,373162,256158,207158,716
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities74,830 44,34352,26956,89059,139
Accounts payable48,577 26,48239,24529,33231,242
Accrued liabilities26,253 17,86113,02427,55827,897
Debt  1871,4123,0753,238
Total current liabilities:74,830 44,53053,68159,96562,377
Noncurrent Liabilities
Long-term debt and lease obligation157,866 149,580138,800129,42692,175
Long-term debt, excluding current maturities157,866 147,872138,100128,82890,908
Capital lease obligations7005981,267
Operating lease, liability  1,708
Liabilities, other than long-term debt8,001 2,3803,74310,26818,919
Deferred income tax liabilities852  
Restructuring reserve   200500200
Other liabilities7,149 2,3802,5439,76818,719
Business combination, contingent consideration, liability   1,000  
Other undisclosed noncurrent liabilities  2,2412,5574,1632,972
Total noncurrent liabilities:165,867 154,201145,100143,857114,066
Total liabilities:240,697 198,731198,781203,822176,443
Stockholders' equity
Stockholders' equity attributable to parent(24,854) (37,238)(36,390)(45,565)(17,763)
Common stock105 82745954
Additional paid in capital770,619 584,862546,230519,531507,616
Accumulated other comprehensive income (loss)(8,531) (3,879)(4,877)4,604(1,409)
Accumulated deficit(787,047) (618,303)(577,817)(569,759)(524,024)
Stockholders' equity attributable to noncontrolling interest  (120)(135)(50)36
Total stockholders' equity:(24,854) (37,358)(36,525)(45,615)(17,727)
TOTAL LIABILITIES AND EQUITY:215,843 161,373162,256158,207158,716

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues262,399 219,496202,463219,297243,555
Revenue, net219,297243,555
Cost of revenue(186,474) (155,525)(131,866)(151,962)(167,227)
Cost of goods and services sold(657) (980)(1,040)(152,231)(167,227)
Gross profit:75,925 63,97170,59767,33576,328
Operating expenses(122,446) (83,515)(56,586)(89,549)(121,332)
Operating income (loss):(46,521) (19,544)14,011(22,214)(45,004)
Nonoperating income (expense)845 51(1,295)(3,680)414
Foreign currency transaction gain (loss), before tax  (300)(400)200 
Other nonoperating income (expense)845 351(895)(4,080)414
Interest and debt expense(432)   (2,035) 
Other undisclosed loss from continuing operations before equity method investments, income taxes  (20,081)(20,044)(17,697)(15,597)
Loss from continuing operations before equity method investments, income taxes:(46,108) (39,574)(7,328)(45,626)(60,187)
Other undisclosed loss from continuing operations before income taxes(1,612)     
Loss from continuing operations before income taxes:(47,720) (39,574)(7,328)(45,626)(60,187)
Income tax expense(191) (536)(815)(214)(381)
Net loss:(47,911) (40,110)(8,143)(45,840)(60,568)
Net income (loss) attributable to noncontrolling interest(214) (15)85105(5)
Net loss attributable to parent:(48,125) (40,125)(8,058)(45,735)(60,573)
Preferred stock dividends and other adjustments(4,243) (361)   
Net loss available to common stockholders, diluted:(52,368) (40,486)(8,058)(45,735)(60,573)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(47,911) (40,110)(8,143)(45,840)(60,568)
Other undisclosed comprehensive loss(1,559)     
Comprehensive loss:(49,470) (40,110)(8,143)(45,840)(60,568)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(214) (15)85105(5)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  1,013(9,566)5,9087,103
Comprehensive loss, net of tax, attributable to parent:(49,684) (39,112)(17,624)(39,827)(53,470)

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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