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Discontinued Operations and Held for Sale
9 Months Ended
Sep. 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 nine months ended September 30, 2025 and 2024 (in thousands):
 Three Months Ended
September 30,
Nine Months Ended
September 30,
  2025202420252024
Software services and other revenues$— $7,862 $— $22,895 
Software services and other cost of revenues— 3,222 — 9,876 
Gross profit from discontinued operations— 4,640 — 13,019 
Operating costs and expenses:
Research and development— 293 — 967 
Sales and marketing— 1,289 — 3,625 
General and administrative— 1,884 — 4,799 
Depreciation and amortization— 360 — 1,060 
Total operating costs and expenses— 3,826 — 10,451 
Operating income from discontinued operations— 814 — 2,568 
Other (expense) income:
Interest income, net— — 10 
Other income (expense), net— 875 — 1,128 
Income from discontinued operations before income taxes— 1,692 — 3,706 
Income tax provision— 266 400 674 
Income (loss) from discontinued operations, net of tax$— $1,426 $(400)$3,032 
Income taxes related to discontinued operations in the nine months ended September 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 September 30, 2025 or December 31, 2024.