| Schedule of Segment Reporting |
The following table details the revenues, significant expenses and other segment items regularly provided to the CODM: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Revenues | $ | 43,984 | | | $ | 40,223 | | | $ | 78,322 | | | $ | 71,896 | | | Less: | | | | | | | | Adjusted cost of revenues (1) | 28,843 | | | 23,653 | | | 46,403 | | | 40,291 | | Adjusted research and development (2) | 5,022 | | | 4,554 | | | 10,617 | | | 8,821 | | Adjusted sales and marketing (2) | 5,704 | | | 3,808 | | | 10,809 | | | 7,596 | | Adjusted general and administrative (3) | 3,916 | | | 3,513 | | | 8,262 | | | 6,868 | | Adjusted depreciation and amortization (4) | 2,243 | | | 1,761 | | | 4,037 | | | 3,509 | | | Capitalizable software development expenditures | 3,009 | | | 1,985 | | | 5,929 | | | 4,361 | | | Capitalized software development expenditures | (3,009) | | | (1,985) | | | (5,929) | | | (4,361) | | | Share-based compensation | 3,049 | | | 1,654 | | | 5,353 | | | 3,255 | | | Amortization of purchased intangible assets related to business combinations | — | | | — | | | — | | | 316 | | | Impairment of capitalized software | 341 | | | — | | | 341 | | | 384 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Non‑recurring transaction‑related costs(5) | 2,102 | | | — | | | 3,302 | | | — | | | Interest expense | 1,210 | | | 933 | | | 2,271 | | | 1,959 | | | Other (income) expense, net | (43) | | | (182) | | | (168) | | | (485) | | | Income tax provision (benefit) | 35 | | | 22 | | | 69 | | | 45 | | | Segment net income (loss) | $ | (8,438) | | | $ | 507 | | | $ | (12,974) | | | $ | (663) | | | Reconciliation of profit or loss | | | | | | | | | Income (loss) from discontinued operations, net of tax | — | | | — | | | — | | | (400) | | | Consolidated net income (loss) | $ | (8,438) | | | $ | 507 | | | $ | (12,974) | | | $ | (1,063) | | | (1) Excludes any share-based compensation expense and non-recurring transaction-related costs. | | (2) Excludes any depreciation and amortization, share-based compensation expense, and non-recurring transaction-related costs. | | (3) Excludes any depreciation and amortization, share-based compensation expense, right-of-use asset impairments, gain on early lease terminations, debt restructuring costs, and non-recurring transaction-related costs. | | (4) Excludes amortization of purchased intangible assets. | | (5) Non-recurring transaction costs related to the Preferred Stock Exchange Agreement and Purchase Agreement for Nokia’s FWA business | | | | | | | | |
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| Schedule of Geographic Concentration of Net Revenues |
The following table details the Company’s revenues by geographic region based on shipping destination (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | United States and Canada | $ | 43,675 | | | $ | 40,130 | | | $ | 77,904 | | | $ | 71,750 | | | Europe (including United Kingdom) | 206 | | | 19 | | | 245 | | | 19 | | | Australia | 103 | | | 74 | | | 173 | | | 127 | | | | | | | | | | | Total | $ | 43,984 | | | $ | 40,223 | | | $ | 78,322 | | | $ | 71,896 | |
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