v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue:    
Total revenue $ 60,032 $ 56,480
Operating expenses:    
Marketing, general and administrative 11,589 10,646
Stock-based compensation 6,957 9,227
Reduction in the value and disposal of long-lived assets 7,038 305
Depreciation, amortization and accretion 22,277 22,097
Total operating expenses 68,533 61,192
Loss from operations (8,501) (4,712)
Other income (expense):    
Interest income and expense, net of amounts capitalized (7,945) (3,785)
Foreign currency gain (loss) 4,106 (3,842)
Other (413) (849)
Total other income (expense) (4,252) (8,476)
Loss before income taxes (12,753) (13,188)
Income tax expense 4,578 8
Net loss (17,331) (13,196)
Other comprehensive income (loss):    
Foreign currency translation adjustments (2,845) 2,393
Comprehensive loss (20,176) (10,803)
Net loss attributable to common shareholders (Note 10) $ (19,946) $ (15,840)
Net loss per common share:    
Basic (in dollars per share) [1] $ (0.16) $ (0.13)
Diluted (in dollars per share) [1] $ (0.16) $ (0.13)
Weighted-average shares outstanding:    
Basic (in shares) [1] 126,476 125,507
Diluted (in shares) [1] 126,476 125,507
Service revenue    
Revenue:    
Total revenue $ 57,067 $ 53,465
Operating expenses:    
Cost of goods and services 18,625 16,759
Subscriber equipment sales    
Revenue:    
Total revenue 2,965 3,015
Operating expenses:    
Cost of goods and services $ 2,047 $ 2,158
[1] The number of shares as of March 31, 2024 have been restated to reflect the 1:15 reverse stock split effectuated on February 10, 2025. All historical share and per share amounts for the periods prior to the completion of the reverse stock split reflected in this Report have been adjusted to reflect the reverse stock split. Refer to Note 12: Common Stock.