v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
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, 2026 and 2025 consisted of the following:
Three Months Ended
March 31,
20262025
Sales:
Service$28,154 $21,642 
Product4,164 3,772 
Net Sales32,318 25,414 
Cost of service sales
VSAT airtime8,081 11,195 
LEO airtime8,245 2,545 
Other (1)2,033 495 
18,359 14,235 
Cost of product sales
VSAT399 594 
LEO2,025 1,455 
TracVision & land mobile
271 620 
Other (2)1,705 1,071 
4,400 3,740 
Research and development
Personnel costs563 951 
Professional fees26 38 
Other (3)137 198 
726 1,187 
Sales, marketing and support
Personnel costs3,613 3,231 
Professional fees256 220 
Other (4)1,200 1,509 
5,069 4,960 
General and administrative
Personnel costs2,073 1,878 
Professional fees574 636 
Other (5)1,235 1,021 
3,882 3,535 
Long-lived asset impairment charge— — 
Other segment items (6)(706)(533)
Net income (loss)$588 $(1,710)

(1)Includes costs related to Viasat/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 $26,451 for the period end March 31, 2026, $9,797 of these assets are located inside of the United States. Regarding the assets located outside of the United States, $5,529 are located in Singapore. The geographic location of the Company's AgilePlans revenue-generating assets has been determined based upon the customer shipping address.

Regarding the Company's long-lived assets of $26,414 for the period ended December 31, 2025, $8,788 of these assets are located in the United States. Regarding the assets located outside the United States, $5,612 are located in Singapore. The geographic location of the Company's AgilePlans revenue-generating assets has been determined based upon the customer shipping address.