Acquisitions (Tables)

12 Months Ended

Dec. 31, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of estimated fair values of the assets acquired and liabilities

The following table summarizes the fair values of the assets acquired and liabilities assumed as updated for any changes as of December 31, 2025.

During 2025, the Company finalized the working capital adjustments for Mobile Computing that resulted in a decrease of original purchase price in the amount of $0.3 million, minor corrections of several working capital accounts with a corresponding net change in goodwill of $0.4 million. The Company then finalized the fair value of the assets acquired and liabilities assumed in the acquisition of Mobile Computing.

During 2025, the Company finalized the working capital adjustment for JUXT that resulted in a decrease of original purchase price in the amount of $0.2 million with a corresponding net change in goodwill. The Company then finalized the fair value of the assets acquired and liabilities assumed in the acquisition of JUXT.

Fair values of assets acquired and liabilities assumed as a result of NextSphere and Mutual Mobile acquisitions were finalized during the fourth quarter of 2023.


	Mobile Computing		JUXT		NextSphere		Mutual Mobile
	(in thousands)
Cash, cash equivalents and restricted cash	$	2,330	$	7,344	$	6,449	$	3,528
Trade receivables(1)	1,496		7,132		2,639		914
Prepaid expenses and other current assets	390		273		620		540
Intangible assets	8,740		18,870		9,906		3,749
Goodwill(2)-(5)	7,192		23,164		9,031		8,879
Property and equipment, and other noncurrent assets	450		231		703		234
Total assets acquired	$	20,598	$	57,014	$	29,348	$	17,844

Accounts payable, accrued expenses, and other current liabilities	$	(1,836)	$	(5,491)	$	(1,990)	$	(1,576)
Deferred taxes	(3,051)		(4,753)		(2,427)		(686)
Other noncurrent liabilities	(59)		—		—		—
Total liabilities assumed	$	(4,946)	$	(10,244)	$	(4,417)	$	(2,262)
Purchase price allocation	$	15,652	$	46,770	$	24,931	$	15,582

_________________________

(1)The estimated fair values of trade receivables equaled their gross contractual amounts due as of the acquisition dates, all of which were collected by the Company as of December 31, 2024 and December 31, 2023, respectively.

(2)The goodwill recognized as a result of the Mobile Computing is primarily attributed to the value the Company expects to achieve through growth opportunities in Latin America as well as the assembled workforce acquired. The goodwill is not deductible for income tax purposes.

(3)The goodwill recognized as a result of the JUXT acquisition is primarily attributed to synergies expected to be achieved by expanding the Company’s ability to serve customers in Europe and the assembled workforce acquired. The goodwill is not deductible for income tax purposes.

(4)The goodwill recognized as a result of the NextSphere acquisition represents the value the Company expects to achieve through the implementation of operational synergies and growth opportunities as the Company expands its global reach as well as the assembled workforce acquired. The goodwill is not deductible for income tax purposes.

(5)The goodwill recognized as a result of the Mutual Mobile acquisition is primarily attributed to synergies expected to be achieved by combining the businesses of the Company and Mutual Mobile, expected future contracts, the assembled workforce acquired and other factors. The goodwill is not deductible for income tax purposes.

Schedule of business acquisition, finite-lived intangibles

The estimated fair value, useful lives and amortization methods of identifiable intangible assets as of the date of acquisition updated for any changes during the year ended December 31, 2025 are as follows:


	Mobile Computing			JUXT			NextSphere			Mutual Mobile
	Fair Value		Useful Life	Fair Value		Useful Life	Fair Value		Useful Life	Fair Value		Useful Life
	(values in thousands)
Customer relationships	$	8,362	8 years	$	17,568	8 years	$	8,415	10 years	$	3,453	8 years
Acquired software	—			—			995		2.5 years	—
Trade name	378		2 years	1,302		2.5 years	496		2 years	152		4 years
Non-compete agreements	—			—			—			144		2 years
Total identified intangible assets	$	8,740		$	18,870		$	9,906		$	3,749

Schedule of unaudited pro forma results

These unaudited pro forma results have been prepared for comparative purposes only and are not necessarily indicative of the results of operations as they would have been had the acquisition of Mobile Computing and JUXT occurred on the assumed date, nor are they necessarily an indication of future operating results.


	For the years ended December 31
	2024		2023
	(in thousands)
Revenues	$	380,768	$	349,038
Net income	$	5,391	$	1,021