v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 69,910 $ 50,572
Accounts receivable, net of allowance for credit losses of $712 and $1,006 as of December 31, 2025 & December 31, 2024, respectively 25,049 21,624
Inventories 14,859 22,953
Prepaid expenses and other current assets 7,980 16,016
Current assets held for sale 0 11,410
Total current assets 117,798 122,575
Property and equipment, net 22,032 27,014
Intangible assets, net 3,717 828
Goodwill 732 0
Right of use assets 4,382 1,361
Other non-current assets 2,237 3,146
Deferred income tax asset 602 157
Total assets 151,500 155,081
Current liabilities:    
Accounts payable 4,498 4,316
Accrued airtime 1,500 745
Accrued compensation and employee-related expenses 5,175 4,728
Accrued loss on future firm purchase commitments 0 919
Accrued other 2,358 2,134
Accrued product warranty costs 644 607
Deferred revenue 1,155 1,039
Current operating lease liability 547 660
Liability for uncertain tax positions 793 724
Total current liabilities 16,670 15,872
Long-term operating lease liability 3,841 569
Deferred income tax liability 5 15
Total liabilities 20,516 16,456
Commitments and contingencies (Notes 1, 6, 13 and 14)
Stockholders’ equity:    
Preferred stock, $0.01 par value. Authorized 1,000,000 shares; none issued 0 0
Common stock, $0.01 par value. Authorized 30,000,000 shares, 21,294,655 and 21,240,525 shares issued at December 31, 2025 and December 31, 2024, respectively; and 19,511,836 and 19,784,416 shares outstanding at December 31, 2025 and December 31, 2024, respectively 213 212
Additional paid-in capital 168,900 167,287
Accumulated deficit (20,135) (12,752)
Accumulated other comprehensive loss (4,161) (4,032)
Total stockholders equity before treasury stock adjustment 144,817 150,715
Less: treasury stock at cost, common stock, 1,782,819 and 1,456,109 shares as of December 31, 2025 and December 31, 2024, respectively (13,833) (12,090)
Total stockholders’ equity 130,984 138,625
Total liabilities and stockholders’ equity $ 151,500 $ 155,081