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Segment, Geographic, and Concentrations of Risk Information | 12 Months Ended
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Dec. 31, 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 December 31, 2024, the Company’s Chief Operating Decision Maker (“CODM”) was its Executive Chairman. The Company’s Executive Chairman left the Company in February 2025, at which point the Company’s CODM became its Chief Executive Officer (“CEO”). Neither of these CODMs 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. As such, our operations constitute a single operating segment and one reportable segment. The accounting policies of our one 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:
| Year Ended December 31,
| 2025 |  | 2024
Revenues | $ | 166,188 |  |  | $ | 191,244 |
Less: |  |  |
Adjusted cost of revenues (1) | 94,817 |  |  | 122,321 |
Adjusted research and development (2) | 18,778 |  |  | 19,905 |
Adjusted sales and marketing (2) | 16,574 |  |  | 15,522 |
Adjusted general and administrative (3) | 15,985 |  |  | 13,203 |
Adjusted depreciation and amortization (4) | 8,020 |  |  | 11,048 |
Capitalizable software development expenditures | 10,047 |  |  | 4,248 |
Capitalized software development expenditures | (10,047) |  |  | (4,248) |
Share-based compensation | 7,441 |  |  | 3,823 |
Amortization of purchased intangible assets related to business combinations | 316 |  |  | 1,320 |
Impairment of capitalized software | 384 |  |  | 927 |
Gain on early lease termination | (443) |  |  | — |
Right-of-use asset impairment | — |  |  | 138 |
Debt restructuring costs | — |  |  | 1,322 |
Loss on debt restructurings, net | — |  |  | 2,851 |
Loss on extinguishment of revolving credit facility | — |  |  | 788 |
Interest expense, net | 3,771 |  |  | 10,906 |
Other income (expense), net | (737) |  |  | 850 |
Income tax provision | 44 |  |  | 689 |
Segment net income (loss) | $ | 1,238 |  |  | $ | (14,369) |
Reconciliation of profit or loss |  |  |
Income (Loss) from discontinued operations, net of tax | (400) |  |  | 18,941 |
Consolidated net income (loss) | $ | 838 |  |  | $ | 4,572 |
(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):
| Year Ended December 31,
| 2025 |  | 2024
United States and Canada | $ | 164,257 |  |  | $ | 184,324 |
Europe (including United Kingdom) | 1,699 |  |  | 5,298 |
Other | 232 |  |  | 1,622 |
Total | $ | 166,188 |  |  | $ | 191,244 |
Substantially all of the Company’s long-term assets are located within the United States. Concentrations of Risk Customer Concentrations For the year ended December 31, 2025, two customers accounted for 62.2% and 26.4% of revenues, respectively. For the year ended December 31, 2024, two customers accounted for 41.9% and 33.6% of revenues, respectively. At December 31, 2025, two customers accounted for 52.9% and 16.0% of total accounts receivable, net, respectively. At December 31, 2024, three customers accounted for 33.6%, 22.8% and 18.8% of total 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 single 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.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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