Inseego (Novatel Wireless) was founded in 1996 and is headquartered in San Diego, US

Inseego (Novatel Wireless) has an office in San Diego

San Diego, US (HQ)

9645 Scranton Road

Inseego (Novatel Wireless)'s revenue was reported to be $55.4 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 55.4 m |

## Net income (Q1, 2017) | (16.1 m) |

## EBIT (Q1, 2017) | (11 m) |

## Market capitalization (20-Jul-2017) | 79.5 m |

## Closing share price (20-Jul-2017) | 1.4 |

## Cash (31-Mar-2017) | 6.4 m |

Inseego (Novatel Wireless)'s current market capitalization is $79.5 m.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 335.1 m | 185.2 m | 220.9 m | 243.6 m |

## Revenue growth, % | (45%) | 19% | 10% | |

## Cost of goods sold | 266.8 m | 148.2 m | 162 m | |

## Gross profit | 68.3 m | 37 m | 59 m | |

## Gross profit Margin, % | 20% | 20% | 27% | |

## Sales and marketing expense | 29.8 m | |||

## R&D expense | 30.7 m | |||

## General and administrative expense | 52.4 m | |||

## Operating expense total | 111.5 m | 72.6 m | 96.7 m | 121.3 m |

## EBIT | (43.2 m) | (35.6 m) | (37.8 m) | (45 m) |

## EBIT margin, % | (13%) | (19%) | (17%) | (18%) |

## Interest expense | 85 k | 7.2 m | (15.6 m) | |

## Interest income | 85 k | 7.2 m | ||

## Pre tax profit | (43.3 m) | (39.1 m) | (52.1 m) | (60.2 m) |

## Income tax expense | 83 k | 124 k | 181 k | 381 k |

## Net Income | (43.4 m) | (39.7 m) | (52.3 m) | (60.6 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 37.3 m | 44.3 m | 53.5 m | 54.8 m | 54.6 m | 62.8 m | 60.9 m | 55.4 m | |

## Cost of goods sold | 33.3 m | 33.8 m | 40.9 m | 39.5 m | 40.1 m | ||||

## Gross profit | 4 m | 10.5 m | 12.6 m | 15.3 m | 14.5 m | ||||

## Gross profit Margin, % | 11% | 24% | 24% | 28% | 27% | ||||

## Sales and marketing expense | 3 m | 2.8 m | 4.2 m | 4.2 m | 3.9 m | 7.8 m | 8.4 m | 8 m | 7.2 m |

## R&D expense | 8.5 m | 7 m | 10.8 m | 9.7 m | 7.7 m | 8 m | 8.3 m | 7.9 m | 6.3 m |

## General and administrative expense | 4.4 m | 3.4 m | 5.4 m | 9 m | 9.1 m | 10.2 m | 10 m | 14.6 m | 12 m |

## Operating expense total | 16 m | 13.2 m | 20.3 m | 22.9 m | 20.7 m | 26 m | 26.6 m | 30.4 m | 25.5 m |

## EBIT | (17.4 m) | (3.9 m) | (7.7 m) | (8.2 m) | (7.5 m) | (6.3 m) | (4.6 m) | (11.9 m) | (11 m) |

## EBIT margin, % | (47%) | (9%) | (14%) | (15%) | (14%) | (7%) | (20%) | (20%) | |

## Interest expense | (63 k) | (74 k) | (838 k) | (2.4 m) | (3.9 m) | (3.9 m) | (3.9 m) | (4.2 m) | |

## Interest income | (63 k) | (74 k) | (838 k) | ||||||

## Pre tax profit | (17.4 m) | (8.8 m) | (7.8 m) | (9.1 m) | (20.8 m) | (11.6 m) | (2.7 m) | (19.4 m) | (15.8 m) |

## Income tax expense | 24 k | 24 k | 20 k | 74 k | 45 k | 331 k | (10 k) | (799 k) | 305 k |

## Net Income | (17.4 m) | (8.8 m) | (7.8 m) | (9.2 m) | (20.8 m) | (11.9 m) | (2.7 m) | (18.6 m) | (16.1 m) |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 2.9 m | 17.9 m | 12.6 m | 9.9 m |

## Inventories | 27.8 m | 37.8 m | 55.8 m | 31.1 m |

## Current Assets | 95.6 m | 87.8 m | 111 m | 68.4 m |

## PP&E | 8.8 m | 8.4 m | ||

## Goodwill | 29.5 m | 34.4 m | ||

## Total Assets | 111.5 m | 95 m | 198.8 m | 158.7 m |

## Accounts Payable | 24.5 m | 34.5 m | 35.3 m | 31.2 m |

## Current Liabilities | 54.7 m | 58.4 m | 64.2 m | 62.4 m |

## Total Liabilities | 176.4 m | |||

## Additional Paid-in Capital | 441.4 m | 466.7 m | 502.3 m | 507.6 m |

## Retained Earnings | (371.5 m) | (411.2 m) | (463.5 m) | (524 m) |

## Total Equity | 44.9 m | 30.5 m | (17.7 m) | |

## Financial Leverage | 2.5 x | 6.5 x | -9 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 8.9 m | 20.2 m | 9.4 m | 17.9 m | 10.2 m | 8.3 m | 18.5 m | 17.2 m | 6.4 m |

## Inventories | 28.1 m | 46.3 m | 39.6 m | 40.2 m | 48.3 m | 34.3 m | 40 m | 29.4 m | |

## Current Assets | 77.3 m | 84.8 m | 96.9 m | 187.4 m | 93.9 m | 99.7 m | 94.3 m | 97 m | 75.4 m |

## Goodwill | 1.8 m | 1.7 m | 3.2 m | 30.9 m | 31.1 m | 33.1 m | 35 m | ||

## Total Assets | 86.9 m | 93 m | 126 m | 214.7 m | 198 m | 188.9 m | 183 m | 185.6 m | 165.6 m |

## Accounts Payable | 26.9 m | 29.9 m | 38.5 m | 27 m | 28.1 m | 25.9 m | 19.9 m | 32.4 m | 45 m |

## Current Liabilities | 54.3 m | 50.6 m | 70.5 m | 57.4 m | 52.5 m | 61.6 m | 58.8 m | 72.2 m | 84.3 m |

## Additional Paid-in Capital | 443.6 m | 456.8 m | 451.1 m | 491.4 m | 498.3 m | 503.4 m | 505 m | 506.1 m | 514.2 m |

## Retained Earnings | (397.9 m) | (406.7 m) | (419 m) | (428.2 m) | (449.1 m) | (475.4 m) | (478.1 m) | (496.6 m) | (540.1 m) |

## Total Equity | 20.8 m | 25.2 m | 63.2 m | 49.3 m | 21.9 m | 21.1 m | 7.8 m | ||

## Financial Leverage | 4.2 x | 3.7 x | 3.4 x | 4 x | 8.6 x | 8.7 x | 23.9 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (43.4 m) | (39.7 m) | (52.3 m) | (60.6 m) |

## Depreciation and Amortization | 8.9 m | 7.4 m | 8.3 m | 14.1 m |

## Accounts Receivable | 730 k | 15.7 m | 4.8 m | 11.6 m |

## Inventories | 6.9 m | (13 m) | (4 m) | (3.2 m) |

## Accounts Payable | (19.2 m) | 10 m | (11.2 m) | (7.8 m) |

## Cash From Operating Activities | (26.6 m) | (16.3 m) | (26.9 m) | (6.6 m) |

## Purchases of PP&E | (5 m) | (1.8 m) | (2 m) | (1.4 m) |

## Cash From Investing Activities | 11.6 m | 20.4 m | (97.1 m) | 5 m |

## Cash From Financing Activities | 2 m | 10.9 m | 119.2 m | (1.3 m) |

## Interest Paid | 65 k | 119 k | 3.6 m | 7.1 m |

## Income Taxes Paid | 121 k | 108 k | 139 k | 115 k |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (17.4 m) | (8.8 m) | (7.8 m) | (9.2 m) | (20.8 m) | (11.9 m) | (2.7 m) | (18.6 m) | (16.1 m) |

## Inventories | 28.1 m | 46.3 m | 39.6 m | 40.2 m | 48.3 m | 34.3 m | 40 m | 29.4 m | |

## Accounts Payable | 26.9 m | 29.9 m | 38.5 m | 27 m | 28.1 m | 25.9 m | 19.9 m | 32.4 m | 45 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 41.6 k |

Inseego (Novatel Wireless)'s Subscribers was reported to be 620 k in FY, 2016

- Source: Company Filings

Source: 18 public H-1B filings from Inseego (Novatel Wireless)