The following table sets forth the operating financial results of the Company’s singular operating segment that are regularly reviewed by the Company’s CODM for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
(in thousands)	2026		2025
Services revenue	$	55,857	$	55,431
Products revenue	9,962		16,711
Total revenue	$	65,819	$	72,142
Less: expenses
Cost of revenue, Services, excluding depreciation and amortization	$	21,139	$	23,326
Cost of revenue, Products, excluding depreciation and amortization	5,564		9,696
Salaries and benefits	16,651		18,502
Interest expense	13,428		12,977
Depreciation and amortization	13,151		13,911
Change in fair value of warrant liabilities to affiliates	11,544		(1,804)
Professional services	5,231		2,689
Other selling, general, and administrative expenses (1)	2,687		1,074
License, memberships & subscriptions	1,848		1,961
Facilities and office	1,269		1,845
Foreign exchange	1,253		(1,482)
Network services	744		1,072
Channel partner commissions	437		2,042
Income tax expense	74		1,109
Interest income	(258)		(144)
Other	(487)		276
Segment net loss	$	(28,456)	$	(14,908)

(1) Certain expense line items which the Company deemed immaterial, both individually and in the aggregate, primarily comprised of travel and expense, sales and use tax, and bad debt expense.