Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets (Tables)

v3.26.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill

The following table summarizes changes in goodwill balance (in thousands):

Balance at December 31, 2025

 

$

15,450

 

Impact of foreign currency translation

 

 

(257

)

Balance at March 31, 2026

 

$

15,193

 
Schedule of Finite-Lived Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

March 31, 2026

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Developed technology

 

$

12,652

 

 

$

(4,569

)

 

$

8,083

 

Trade names

 

 

2,145

 

 

 

(1,859

)

 

 

286

 

Patents

 

 

393

 

 

 

(373

)

 

 

20

 

FCC licenses(1)

 

 

480

 

 

 

(322

)

 

 

158

 

 

$

15,670

 

 

$

(7,123

)

 

$

8,547

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Developed technology

 

$

12,867

 

 

$

(4,378

)

 

$

8,489

 

Trade names

 

 

2,181

 

 

 

(1,781

)

 

 

400

 

Patents

 

 

393

 

 

 

(369

)

 

 

24

 

FCC licenses(1)

 

 

480

 

 

 

(314

)

 

 

166

 

 

$

15,921

 

 

$

(6,842

)

 

$

9,079

 

(1) The Company’s Federal Communications Commission (“FCC”) licenses are recognized as finite-lived intangible assets and are amortized over their estimated useful lives. The licenses are subject to annual renewal upon expiration and require approval by the FCC. The Company intends to renew these licenses, and the expected future cash flows associated with the licenses assume renewal upon expiration. Management does not believe that renewal uncertainty will materially limit the Company’s ability to generate cash flows from its satellite and ground station operations.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of March 31, 2026, the expected future amortization expense of intangible assets is as follows (in thousands):

Year ending December 31,

 

Future Amortization Expense

 

Remainder of 2026

 

$

1,111

 

2027

 

 

1,094

 

2028

 

 

1,089

 

2029

 

 

1,086

 

2030

 

 

1,084

 

Thereafter

 

 

3,083

 

 

$

8,547