| Schedule Of Segment Reporting Information By Segment |
The following table includes segment revenue and significant segment expenses:
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Three Months Ended March 31, |
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2025 |
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|
2024 |
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Revenue |
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$ |
23,876 |
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|
$ |
34,825 |
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Less: |
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Employee expense (a) |
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19,278 |
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|
18,134 |
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Equipment and software expenses |
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|
8,606 |
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|
14,550 |
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Depreciation and amortization |
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4,413 |
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|
|
6,838 |
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Interest expense |
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5,730 |
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|
5,053 |
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Professional services |
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|
7,032 |
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|
2,435 |
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Facilities expense |
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2,762 |
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|
2,459 |
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Change in fair value of contingent liability and warrant liabilities |
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(6,874 |
) |
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|
4,247 |
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Other operating and marketing expenses |
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|
1,279 |
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|
1,118 |
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Allowance for current credit loss on notes receivable |
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|
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— |
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|
40 |
|
Loss on decommissioned satellites and disposal of assets |
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5,129 |
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|
|
423 |
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Contactor expense |
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|
378 |
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|
636 |
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Issuance of stock warrants |
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|
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— |
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2,399 |
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Other segment items (b) |
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(3,200 |
) |
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|
2,037 |
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Segment net loss |
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$ |
(20,657 |
) |
|
$ |
(25,544 |
) |
(a) Employee expense included stock-based compensation expense of $3,887 and $3,628 for the three months ended March 31, 2025 and 2024, respectively.
(b) Other segment items included in segment net loss includes foreign exchange gain (loss), equity investment loss, income tax benefit, travel and meals expenses, and interest income.
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