v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2026 and 2025 consisted of the following:
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Sales:
Service$29,711 $23,049 $57,865 $44,691 
Product4,012 3,574 8,176 7,346 
Net Sales33,723 26,623 66,041 52,037 
Cost of service sales
VSAT airtime7,728 9,548 15,809 20,744 
LEO airtime9,453 4,003 17,698 6,548 
Other (1)1,912 659 3,945 1,153 
19,093 14,210 37,452 28,445 
Cost of product sales
VSAT561 590 960 1,184 
LEO2,016 1,133 4,041 2,588 
TracVision & land mobile
300 700 571 1,320 
Other (2)1,424 854 3,129 1,925 
4,301 3,277 8,701 7,017 
Research and development
Personnel costs658 821 1,221 1,772 
Professional fees31 13 57 51 
Other (3)116 82 253 280 
805 916 1,531 2,103 
Sales, marketing and support
Personnel costs3,625 3,378 7,238 6,609 
Professional fees227 381 483 601 
Other (4)1,385 1,251 2,585 2,760 
5,237 5,010 10,306 9,970 
General and administrative
Personnel costs2,320 2,047 4,393 3,925 
Professional fees773 367 1,347 1,003 
Other (5)1,270 1,166 2,505 2,187 
4,363 3,580 8,245 7,115 
Other segment items (6)(239)(1,300)(945)(1,833)
Net income (loss)$163 $930 $751 $(780)

(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 expenses, warranty expenses and other less significant expenses
(5)Includes the financing fees, facilities expenses, 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 $25,507 for the period ended June 30, 2026, $10,432 of these assets are located inside of the United States. Regarding the assets located outside of the United States, $5,009 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.