INSEEGO CORP.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $166.2M | $191.2M | $167.3M | $245.3M | $262.4M | $313.8M | $219.5M | $202.5M |
| Cost of Revenue | — | — | — | $178.4M | $186.5M | $223.0M | $155.5M | $131.9M |
| Gross Profit | $71.0M | $68.8M | $35.8M | $66.9M | $75.9M | $90.8M | $64.0M | $70.6M |
| Gross Margin | 42.7% | 36.0% | 21.4% | 27.3% | 28.9% | 28.9% | 29.1% | 34.9% |
| Operating Expenses | ||||||||
| Research & Development | $19.8M | $20.6M | $19.7M | $38.3M | $52.7M | $45.0M | $23.9M | $20.6M |
| SG&A Expense | $20.8M | $17.2M | $15.9M | $26.2M | $28.3M | $30.7M | $27.3M | $25.3M |
| Operating Income | $4.3M | $1.7M | $-36.0M | $-57.9M | $-46.5M | $-25.1M | $-19.5M | $14.0M |
| Operating Margin | 2.6% | 0.9% | -21.5% | -23.6% | -17.7% | -8.0% | -8.9% | 6.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $1.3M | $-13.7M | $-45.0M | $-68.4M | $-47.7M | $-110.4M | $-39.6M | $-7.3M |
| Income Tax Expense | $44.0K | $689.0K | $43.0K | $-465.0K | $191.0K | $748.0K | $536.0K | $815.0K |
| Net Income | $838.0K | $4.6M | $-46.2M | $-68.0M | $-48.1M | $-111.2M | $-40.1M | $-8.1M |
| Net Margin | 0.5% | 2.4% | -27.6% | -27.7% | -18.3% | -35.4% | -18.3% | -4.0% |
| EPS (Basic) | $-0.18 | $0.10 | $-4.32 | $-6.59 | $-0.51 | $-1.19 | $-0.52 | $-0.12 |
| EPS (Diluted) | $-0.18 | $0.10 | $-4.32 | $-6.59 | $-0.51 | $-1.19 | $-0.52 | $-0.12 |
| Shares Outstanding (Basic) | 15.1M | 12.5M | 11.4M | 10.7M | 103.2M | 96.1M | 78.3M | 74.0M |
| Shares Outstanding (Diluted) | 15.1M | 12.5M | 11.4M | 10.7M | 103.2M | 96.1M | 78.3M | 74.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |