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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net revenues:        
Total net revenues $ 53,557 $ 61,856 $ 104,351 $ 123,240
Cost of net revenues:        
Total cost of net revenues 34,661 43,964 67,268 90,100
Gross profit 18,896 17,892 37,083 33,140
Operating costs and expenses:        
Research and development 10,022 13,619 18,176 32,179
Sales and marketing 5,974 7,721 12,620 17,494
General and administrative 5,752 6,142 11,797 14,380
Amortization of purchased intangible assets 424 443 853 887
Impairment of capitalized software 0 0 504 0
Total operating costs and expenses 22,172 27,925 43,950 64,940
Operating loss (3,276) (10,033) (6,867) (31,800)
Other (expense) income:        
Loss on debt conversion and extinguishment, net 0 0 0 (450)
Interest expense, net (2,014) (1,664) (4,011) (4,587)
Other income (expense), net 658 (982) 1,453 (1,387)
Total other expense (1,356) (2,646) (2,558) (6,424)
Loss before income taxes (4,632) (12,679) (9,425) (38,224)
Income tax provision (benefit) 304 (303) 616 (625)
Net loss (4,936) (12,376) (10,041) (37,599)
Series E preferred stock dividends (739) (677) (1,462) (1,338)
Net loss attributable to common stockholders $ (5,675) $ (13,053) $ (11,503) $ (38,937)
Net loss per common share:        
Basic (in dollars per share) $ (0.05) $ (0.12) $ (0.10) $ (0.37)
Diluted (in dollars per share) $ (0.05) $ (0.12) $ (0.10) $ (0.37)
Weighted-average shares used in computation of net loss per common share:        
Basic (in shares) 111,080,287 107,511,660 109,847,937 106,585,684
Diluted (in shares) 111,080,287 107,511,660 109,847,937 106,585,684
IoT & Mobile Solutions        
Net revenues:        
Total net revenues $ 46,383 $ 54,990 $ 90,010 $ 109,495
Cost of net revenues:        
Total cost of net revenues 31,789 40,694 61,451 83,597
Enterprise SaaS Solutions        
Net revenues:        
Total net revenues 7,174 6,866 14,341 13,745
Cost of net revenues:        
Total cost of net revenues $ 2,872 $ 3,270 $ 5,817 $ 6,503