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Segment, Geographic, and Concentrations of Risk Information
 12 Months Ended
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,
20252024
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 expenditures10,047 4,248 
Capitalized software development expenditures(10,047)(4,248)
Share-based compensation7,441 3,823 
Amortization of purchased intangible assets related to business combinations316 1,320 
Impairment of capitalized software384 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, net3,771 10,906 
Other income (expense), net(737)850 
Income tax provision44 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,
20252024
United States and Canada$164,257 $184,324 
Europe (including United Kingdom)1,699 5,298 
Other232 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.