v3.26.1
Revenue from Contracts with Customers
 3 Months Ended
Mar. 31, 2026
Revenue from Contracts with Customers  
Revenue from Contracts with Customers

14. Revenue from Contracts with Customers

 

The following table was prepared to provide additional information about the composition of revenues from contracts with customers for the periods presented:

 

 

 

THREE MONTHS ENDED

 

 

 

MARCH 31,

 

 

 

2026

 

 

2025

 

 

 

(Unaudited)

 

Carrier Services

 

$25,784,036

 

 

$22,401,304

 

Managed Services

 

 

14,791,994

 

 

 

11,108,735

 

 

 

 

 

 

 

 

 

 

 

 

$40,576,030

 

 

$33,510,039

 

 

The Company recognized revenues from contracts with customers for the following customer types as set forth below:

 

 

 

THREE MONTHS ENDED

 

 

 

MARCH 31,

 

 

 

2026

 

 

2025

 

 

 

(Unaudited)

 

U.S. Federal Government

 

$34,411,929

 

 

$29,093,879

 

U.S. State and Local Governments

 

 

86,338

 

 

 

96,822

 

Foreign Governments

 

 

16,223

 

 

 

15,408

 

Commercial Enterprises

 

 

6,061,540

 

 

 

4,303,930

 

 

 

 

 

 

 

 

 

 

 

 

$40,576,030

 

 

$33,510,039

 

 

The Company recognized revenues from contracts with customers in the following geographic regions:

 

 

 

THREE MONTHS ENDED

 

 

 

MARCH 31,

 

 

 

2026

 

 

2025

 

 

 

(Unaudited)

 

United States

 

$39,573,706

 

 

$32,508,871

 

Europe

 

 

1,002,324

 

 

 

1,001,168

 

 

 

 

 

 

 

 

 

 

 

 

$40,576,030

 

 

$33,510,039

 

 

During the three months ended March 31, 2026 and 2025, the Company recognized approximately $3.2 million and $0.8 million, respectively, of revenue related to amounts that were included in deferred revenue as of December 31, 2025 and 2024, respectively.