v3.25.2
Segment Information
 6 Months Ended
Jun. 30, 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 six months ended June 30, 2025 and 2024 consisted of the following:
Three Months EndedSix Months Ended
June 30,June 30,
2025202420252024
Sales:
Service$23,049 $24,674 $44,691 $49,712 
Product3,574 3,999 7,346 8,228 
Net Sales26,623 28,673 52,037 57,940 
Cost of service sales
VSAT airtime9,548 13,418 20,744 26,624 
LEO airtime4,003 1,307 6,548 1,814 
Other (1)659 744 1,153 1,075 
14,210 15,469 28,445 29,513 
Cost of product sales
VSAT590 362 1,184 982 
LEO1,133 1,478 2,588 2,750 
TracVision & land mobile
700 876 1,320 1,943 
Other (2)854 1,583 1,925 3,932 
3,277 4,299 7,017 9,607 
Research and development
Personnel costs821 1,986 1,772 4,592 
Professional fees13 36 51 124 
Other (3)82 304 280 648 
916 2,326 2,103 5,364 
Sales, marketing and support
Personnel costs3,378 3,707 6,609 7,290 
Professional fees381 214 601 381 
Other (4)1,251 1,413 2,760 3,047 
5,010 5,334 9,970 10,718 
General and administrative
Personnel costs2,047 2,553 3,925 6,013 
Professional fees367 437 1,003 1,027 
Other (5)1,166 1,144 2,187 2,385 
3,580 4,134 7,115 9,425 
Other segment items (6)(1,300)(513)(1,833)(1,148)
Net income (loss)$930 $(2,376)$(780)$(5,539)

(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 income (expense), net; and income tax expense (benefit) line items on the face of the income statement
Regarding the Company's long-lived assets of $25,346, $5,595 of these assets are located inside of the United States. Regarding the assets located outside of the United States, $6,813 are located in Singapore. The geographic location of the Company's AgilePlans revenue-generating assets has been determined based upon the customer shipping address.