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Discontinued Operations and Held for Sale
6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations and Held for Sale Discontinued Operations and Held for Sale
As noted in Note 1 – Nature of Business and Significant Accounting Policies, on September 16, 2024, the Company entered into the Purchase Agreement to sell its Telematics Business. On November 27, 2024, the Company completed the sale of its Telematics Business.
The operating results of the discontinued operations only reflect revenues and expenses that are directly attributable to the Telematics Business. The following table summarizes Income from discontinued operations, net of tax included in the Condensed Consolidated Statements of Operations and Comprehensive Income for the three and six months ended June 30, 2025 and 2024 (in thousands):
 Three Months Ended
June 30,
Six Months Ended
June 30,
  2025202420252024
Services and other revenues$— $7,529 $— $15,033 
Services and other cost of revenues— 3,298 — 6,654 
Gross profit from discontinued operations— 4,231 — 8,379 
Operating costs and expenses:
Research and development— 313 — 674 
Sales and marketing— 1,179 — 2,336 
General and administrative— 1,887 — 2,915 
Depreciation and amortization— 357 — 700 
Total operating costs and expenses— 3,736 — 6,625 
Operating income from discontinued operations— 495 — 1,754 
Other (expense) income:
Interest income, net— — 
Other income (expense), net— 236 — 251 
Income from discontinued operations before income taxes— 733 — 2,014 
Income tax provision— 188 400 408 
Income (loss) from discontinued operations, net of tax$— $545 $(400)$1,606 
Income taxes related to discontinued operations in the six months ended June 30, 2025 relate to the deregistration process for the Company’s remaining subsidiaries in South Africa, which do not have operations. As the sale of the Telematics Business was completed on November 27, 2024, there were no assets or liabilities held for sale as of either June 30, 2025 or December 31, 2024.