0001022652-26-000005
SEC filingInseego Corp. reported total revenues of $166.2 million for fiscal year 2025, generating a gross profit of $71.0 million. The company achieved operating income of $4.3 million and net income of $838 thousand. However, after accounting for preferred stock dividends of $3.6 million, net income attributable to common stockholders was a loss of $2.7 million. The company generated positive operating cash flow of $7.2 million, though this was offset by significant investing activities of -$8.6 million and financing activities of -$13.4 million, resulting in a net decrease in cash of $14.7 million. The balance sheet shows total assets of $93.8 million against total liabilities of $97.9 million, resulting in stockholders' deficit of -$4.0 million. The company's financial position reflects ongoing challenges with profitability and liquidity, though it maintained positive operating income for the period.
Inseego Corp. reported fiscal year 2025 results with total revenues of $166.2 million and total cost of revenues of $95.2 million, resulting in gross profit of $71.0 million. Operating expenses totaled $66.7 million, including research and development ($19.8 million), sales and marketing ($17.4 million), general and administrative ($20.8 million), depreciation and amortization ($8.3 million), and impairment of capitalized software ($384 thousand). This yielded operating income of $4.3 million. After interest expense of -$3.8 million and other income of $737 thousand, income before taxes was $1.3 million. With an income tax provision of $44 thousand, income from continuing operations was $1.2 million. Including discontinued operations loss of -$400 thousand, net income was $838 thousand. After preferred stock dividends of $3.6 million, net income attributable to common stockholders was -$2.7 million. Basic and diluted earnings per share were both -$0, with weighted-average shares of 15.1 million.
The filing provides only total revenues of $166.2 million without segment breakdown or geographic mix. The XBRL data shows product revenues, mobile solutions, fixed wireless access solutions, and software services and other categories as "N/A," indicating these segment details were not disclosed in the financial statements. No revenue growth drivers or segment performance metrics are available in the provided data. The document content mirrors the XBRL data, confirming the absence of segment-level revenue disclosure for fiscal year 2025.
Gross margin was 42.7% ($71.0 million gross profit / $166.2 million revenue). Operating margin was 2.6% ($4.3 million operating income / $166.2 million revenue). The cost structure shows cost of revenues representing 57.3% of total revenues. Operating expenses were distributed across research and development (11.9% of revenue), sales and marketing (10.5%), general and administrative (12.5%), depreciation and amortization (5.0%), and impairment of capitalized software (0.2%). The company maintained positive operating income despite significant operating expenses relative to revenue.
Operating activities generated $7.2 million in cash, with $8.1 million from continuing operations offset by -$908 thousand from discontinued operations. Investing activities used $8.6 million, primarily for additions to capitalized software development costs and purchases of intangible assets ($8.6 million) and purchases of property, plant and equipment ($661 thousand). Financing activities used $13.4 million, mainly from repayments of 2025 Convertible Notes ($14.9 million), partially offset by proceeds from warrant exercises ($976 thousand) and stock option exercises ($542 thousand). The net decrease in cash was $14.7 million. The balance sheet shows total assets of $93.8 million, including current assets of $64.1 million (cash: $24.9 million, accounts receivable: $25.1 million, inventories: $7.7 million). Total liabilities were $97.9 million, including current liabilities of $48.4 million and long-term debt of $41.6 million (2029 Senior Secured Notes). Stockholders' deficit was -$4.0 million.
The filing does not contain management guidance, strategic priorities, or specific forward-looking statements in the provided content. No outlook information is disclosed in the XBRL data or document text sections provided. Risk factors and future plans are not included in the extracted financial data. The analysis is limited to the historical financial results for fiscal year 2025 as presented in the financial statements.