Tangoe 8-K Unaudited Consolidated Statements of Operations

Exhibit 99.1

TANGOE, INC.

Unaudited Consolidated Statements of Operations

(in thousands)

	Restated			Restated			Restated
	Year Ended			Year Ended			Year Ended			Year Ended			Three Months Ended			Three Months Ended
	December 31,			December 31,			December 31,			December 31,			March 31,			March 31,
	2013			2014			2015			2016			2016			2017
Revenue:
Recurring technology and services	$	161,841		$	181,307		$	199,518		$	207,730		$	51,838		$	50,404
Strategic consulting, software licenses and other	17,337			17,563			15,481			15,743			4,445			2,563
Total revenue	179,178			198,870			214,999			223,474			56,283			52,967
Cost of revenue:
Recurring technology and services	76,228			88,670			97,378			100,313			25,739			24,181
Strategic consulting, software licenses and other	8,750			8,954			8,716			6,873			1,247			1,934
Total cost of revenue	84,978			97,624			106,094			107,186			26,986			26,115
Gross profit	94,200			101,246			108,905			116,288			29,297			26,852
Operating expenses:
Sales and marketing	33,382			39,433			43,613			39,570			10,741			7,275
General and administrative	34,796			39,028			45,008			59,310			13,799			13,498
Research and development	19,570			22,633			26,617			29,484			7,025			6,706
Depreciation and amortization	10,452			9,763			9,576			10,480			2,465			2,715
Restructuring charge	654			—			—			3,850			—			—
Income from operations	(4,654		)	(9,611		)	(15,909		)	(26,406		)	(4,733		)	(3,342		)
Other income, net
Interest expense	(400		)	(103		)	(290		)	582			74			111
Interest income	60			35			25			(9		)	(3		)	(1		)
Other income	1,201			114			(139		)	(1,119		)	—			—
Income before income tax provision	(3,793		)	(9,565		)	(16,313		)	(25,860		)	(4,804		)	(3,452		)
Income tax provision	1,011			2,314			2,724			2,643			399			558
Net income	$	(4,804	)	$	(11,879	)	$	(19,037	)	$	(28,503	)	$	(5,203	)	$	(4,010	)

TANGOE, INC.

Unaudited Consolidated Balance Sheets

(in thousands)

	Restated			Restated			Restated
	December 31,			December 31,			December 31,			December 31,			March 31,			March 31,
	2013			2014			2015			2016			2016			2017
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	42,203		$	49,606		$	36,759		$	9,589		$	36,487		$	12,715
Accounts receivable - net	40,277			46,068			46,463			50,193			42,509			46,369
Prepaid expenses and other current assets	4,537			5,901			13,304			12,281			12,169			11,928
Total current assets	87,018			101,576			96,526			72,063			91,165			71,012
COMPUTERS, FURNITURE AND EQUIPMENT-NET	4,317			5,217			6,672			12,944			7,264			12,277
OTHER ASSETS:
Intangible assets-net	34,991			26,285			29,843			22,230			25,262			22,964
Goodwill	65,963			65,348			75,553			80,972			79,359			81,152
Security deposits and other non-current assets	935			1,566			1,851			1,848			1,835			1,791
TOTAL ASSETS	$	193,224		$	199,991		$	210,445		$	190,057		$	204,885		$	189,196
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	9,570		$	10,733		$	12,647		$	7,274		$	13,551		$	6,919
Accrued expenses	8,871			8,283			13,936			18,777			12,680			19,277
Deferred revenue-current portion	9,063			10,858			11,792			11,172			12,343			12,805
Notes payable-current portion	1,831			1,400			1,893			6,607			1,718			6,536
Other current liabilities	768			1,606			2,452			2,452			2,452			2,452
Total current liabilities	30,103			32,880			42,720			46,282			42,744			47,989
OTHER LIABILITIES:
Deferred rent and other non-current liabilities	3,598			4,372			5,141			6,043			5,644			6,043
Deferred revenue-less current portion	7,787			10,535			12,224			8,848			8,278			10,864
Notes payable-less current portion	203			166			2,340			5,178			1,921			3,824
Total liabilities	41,691			47,953			62,424			66,351			58,587			68,720
COMMITMENT AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Common Stock	$	4		$	4		$	4		$	4		$	4		$	4
Additional paid-in capital	201,646			215,491			232,443			237,123			235,200			237,123
Warrants for common stock	10,610			10,610			10,610			10,610			10,610			10,610
Accumulated deficit	(60,112		)	(71,991		)	(91,029		)	(119,100		)	(95,796		)	(121,968		)
Other comprehensive gain (loss)	(615		)	(2,076		)	(4,007		)	(4,931		)	(3,720		)	(5,293		)
Total stockholders’ equity	151,533			152,038			148,021			123,706			146,298			120,476
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	193,224		$	199,991		$	210,445		$	190,057		$	204,885		$	189,196