Annual report [Section 13 and 15(d), not S-K Item 405]

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

v3.25.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Property and Equipment
The estimated useful lives are as follows:
Estimated useful lives (years)
Satellites 3
Capitalized software
 3
Office furniture and fixtures 5
Production and engineering equipment
3 - 6
Computer equipment and software 3
Site and other equipment
 3 - 4
Leasehold improvements shorter of useful life or remaining lease term
The following summarizes property and equipment - net as of:
December 31, December 31,
2024 2023
(in thousands)
Satellites $ 107,004  $ 125,124 
Software 32,587 20,384
Office furniture and fixtures 9,171 4,039
Production and engineering equipment 2,986 —
Software development in process 3,656 2,673
Site equipment 2,502 2,557
Computer equipment 1,578 1,642
Other equipment 812 811
Total 160,296 157,230
Less: accumulated depreciation (114,683) (90,114)
Property and equipment — net $ 45,613  $ 67,116 
Schedule of Professional Engineering Services Contracts The following table presents the effect of aggregate net EAC adjustments on the Company's professional and engineering services contracts:
Years Ended December 31,
2024(1)
2023
(in thousands)
Revenue $ 1  $ (1,477)
Basic and diluted net loss per share $ 0.00  $ (0.09)
(1) For the year ended December 31, 2024, the Company had a favorable EAC adjustment of $1.1 million for an existing individual professional services contract. The remaining EAC adjustments are not individually significant to the Company.
Schedule of Finite-Lived Intangible Assets The estimated useful lives of the Company's finite-lived intangible assets are as follows:
Estimated useful lives (years)
Trade names and trademarks 5
Customer relationships
10
Indefinite life intangible assets is made up of in-process research and development, which has an indefinite life until development is complete. These assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amounts of the assets may not be fully recoverable.