XML 35 R25.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Information
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company manages its operations as a single operating segment for the purpose of assessing performance and making operating decisions, resulting in a single reportable segment. The Company has determined that its Chief Operating Decision Maker (CODM) is its Chief Executive Officer. The CODM reviews the Company’s financial information on a consolidated basis for the purpose of allocating resources and assessing financial performance.

The key measure of segment profit or loss that the CODM uses to allocate resources and assess performance is the Company’s consolidated net income (loss). This is reviewed against budgeted expectations to assess segment performance and allocate resources. The Company’s segment net income for the three months ended March 31, 2025 and 2024 consisted of the following:
Three Months Ended
March 31,
20252024
Sales:
Service$21,642 $25,038 
Product3,772 4,229 
Net Sales25,414 29,267 
Cost of service sales
VSAT airtime11,196 13,207 
LEO airtime2,545 507 
Other (1)494330
14,235 14,044 
Cost of product sales
VSAT595 620 
LEO1,455 1,272 
TracVision & land mobile
620 1,067 
Other (2)1,070 2,349 
3,740 5,308 
Research and development
Personnel costs951 2,606 
Professional fees38 88 
Other (3)198 344 
1,187 3,038 
Sales, marketing and support
Personnel costs3,231 3,583 
Professional fees220 167 
Other (4)1,509 1,634 
4,960 5,384 
General and administrative
Personnel costs1,878 3,460 
Professional fees636 590 
Other (5)1,021 1,241 
3,535 5,291 
Other segment items (6)(533)(635)
Net loss$(1,710)$(3,163)

(1)Includes costs related to Inmarsat, service activations, content service, CommBox Edge and other miscellaneous
(2)Includes costs related to CommBox Edge, TracNet Coastal, obsolete inventory write-off and other miscellaneous
(3)Includes facilities and other less significant expenses
(4)Includes marketing expenses, external commissions, travel and entertainment, facilities expense, warranty expense and other less significant expenses
(5)Includes the financing fees, facilities expense, computer expenses, depreciation and amortization and other less significant expenses
(6)Other segment items includes interest income; other expense, net; and income tax expense line items on the face of the income statement
Regarding the Company's long-lived assets of $25,948, $4,719 of these assets are located inside of the United States, while the remaining $21,229 are located outside of the United States. Regarding the assets located outside of the United States, $7,128 are located in Singapore. The geographic location of the Company's AgilePlans revenue-generating assets has been determined based upon the customer shipping address.