| Schedule of Segment Reporting |
The following table details the revenues, significant expenses and other segment items regularly provided to the CODM: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Revenues | $ | 33,263 | | | $ | 45,893 | | | $ | 111,585 | | | $ | 117,789 | | | Less: | | | | | | | | Adjusted cost of revenues (1) | 21,965 | | | 26,716 | | | 68,368 | | | 67,007 | | Adjusted research and development (2) | 4,893 | | | 4,620 | | | 15,510 | | | 13,441 | | Adjusted sales and marketing (2) | 3,955 | | | 3,998 | | | 14,764 | | | 11,594 | | Adjusted general and administrative (3) | 3,499 | | | 4,833 | | | 11,761 | | | 11,701 | | Adjusted depreciation and amortization (4) | 2,422 | | | 2,164 | | | 6,459 | | | 5,673 | | | Capitalizable software development expenditures | 2,336 | | | 2,445 | | | 8,265 | | | 6,806 | | | Capitalized software development expenditures | (2,336) | | | (2,445) | | | (8,265) | | | (6,806) | | | Share-based compensation | 2,293 | | | 1,850 | | | 7,646 | | | 5,105 | | | Amortization of purchased intangible assets related to business combinations | — | | | — | | | — | | | 316 | | | Impairment of capitalized software | — | | | — | | | 341 | | | 384 | | | | | | | | | | | Gain on early lease termination | — | | | (443) | | | — | | | (443) | | | | | | | | | | | | | | | | | | | | | | | | | | Non‑recurring transaction‑related costs(5) | 1,409 | | | — | | | 4,711 | | | — | | | Interest expense | 918 | | | 885 | | | 3,189 | | | 2,844 | | | Other (income) expense, net | (28) | | | (126) | | | (196) | | | (611) | | | Income tax provision (benefit) | 40 | | | (36) | | | 109 | | | 9 | | | Segment net income (loss) | $ | (8,103) | | | $ | 1,432 | | | $ | (21,077) | | | $ | 769 | | | Reconciliation of profit or loss | | | | | | | | | Income (loss) from discontinued operations, net of tax | — | | | — | | | — | | | (400) | | | Consolidated net income (loss) | $ | (8,103) | | | $ | 1,432 | | | $ | (21,077) | | | $ | 369 | | | (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
September 30, | | Nine Months Ended
September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | United States and Canada | $ | 32,436 | | | $ | 45,832 | | | $ | 110,340 | | | $ | 117,582 | | | Europe (including United Kingdom) | 798 | | | — | | | 1,043 | | | 19 | | | Australia | 29 | | | 61 | | | 202 | | | 188 | | | | | | | | | | | Total | $ | 33,263 | | | $ | 45,893 | | | $ | 111,585 | | | $ | 117,789 | |
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