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Segment, Geographic, and Concentrations of Risk Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment, Geographic, and Concentrations of Risk Information Segment, Geographic, and Concentrations of Risk Information
Segment Information
As previously detailed in Note 1 – Nature of Business and Significant Accounting Policies, the Company operates as one reportable segment. As of June 30, 2025, the Company’s CODM was its CEO. The Company’s CODM does not manage any part of the Company separately, and the allocation of resources and assessment of performance is based solely on the Company’s consolidated operations and financial results. The accounting policies of our single reportable segment are the same as those described in Note 1 – Nature of Business and Significant Accounting Policies.
The CODM uses net income (loss) in evaluating the performance of our single reportable segment and determining how to allocate resources of the Company as a whole, including investing in our products, services and customers. As the Company only has one reportable segment, the measure of segment assets is reported on the balance sheet as total consolidated assets.
The following table details the revenues, significant expenses and other segment items regularly provided to the CODM:
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Revenues$40,223 $51,620 $71,896 $89,125 
Less:
Adjusted cost of revenues (1)
23,653 32,784 40,291 57,020 
Adjusted research and development (2)
4,554 5,092 8,821 9,615 
Adjusted sales and marketing (2)
3,808 4,166 7,596 7,840 
Adjusted general and administrative (3)
3,513 2,786 6,868 6,404 
Adjusted depreciation and amortization (4)
1,761 3,322 3,509 6,284 
Capitalizable software development expenditures1,985 980 4,361 1,563 
Capitalized software development expenditures(1,985)(980)(4,361)(1,563)
Share-based compensation1,654 834 3,255 1,521 
Amortization of purchased intangible assets related to business combinations— 330 316 660 
Impairment of capitalized software— — 384 420 
Debt restructuring costs— 452 — 452 
Gain on debt restructurings, net— (1,324)— (1,324)
Loss on extinguishment of revolving credit facility— 788 — 788 
Interest expense933 1,776 1,959 3,955 
Other (income) expense, net(182)417 (485)792 
Income tax provision22 118 45 135 
Segment net income (loss)$507 $79 $(663)$(5,437)
Reconciliation of profit or loss
Income from discontinued operations, net of tax— 545 (400)1,606 
Consolidated net income (loss)$507 $624 $(1,063)$(3,831)
(1) Excludes any share-based compensation expense.
(2) Excludes any depreciation and amortization or share-based compensation expense.
(3) Excludes any depreciation and amortization, share-based compensation expense, right-of-use asset impairments, or debt restructuring costs.
(4) Excludes amortization of purchased intangible assets.
Geographic Information
The following table details the Company’s revenues by geographic region based on shipping destination (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
United States and Canada$40,130 $50,808 $71,750 $86,284 
Europe (including United Kingdom)$19 $676 19 1,377 
Australia$74 $124 127 1,451 
Other$— $12 — 13 
Total$40,223 $51,620 $71,896 $89,125 
Substantially all of the Company’s long-term assets are located within the United States.
Concentrations of Credit Risk
Customer Concentrations
For the three months ended June 30, 2025, two customers accounted for 62.2% and 24.2% of revenues, respectively. For the three months ended June 30, 2024, two customers accounted for 45.3% and 34.3% of revenues, respectively.
For the six months ended June 30, 2025, two customers accounted for 58.9% and 29.0% of revenues, respectively. For the six months ended June 30, 2024, two customers accounted for 46.1% and 29.1% of revenues, respectively.
As of June 30, 2025, three customers accounted for 58.1%, 18.0%, and 13.2% of accounts receivable, net, respectively. As of December 31, 2024, three customers accounted for 33.6%, 22.8%, and 18.8% of accounts receivable, net, respectively.
Concentrations in the Available Sources of Supply of Materials and Product
Our services use hardware and software from various third parties, some of which are procured from sole-source suppliers. For example, our MiFi mobile hotspots and fixed wireless access devices rely substantially on chipsets from Qualcomm. From time to time, certain components used in our products or solutions have been in short supply or their anticipated commercial introduction has been delayed or their availability has been interrupted for reasons outside our control. In addition, many of our suppliers are located outside of the United States and therefore can be impacted by additional government regulations, such as import tariffs.