Quarterly report [Sections 13 or 15(d)]

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

v3.25.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Property and Equipment
The following summarizes property and equipment - net as of:
March 31, December 31,
2025 2024
(in thousands)
Satellites $ 113,677  $ 107,004 
Software 35,689 32,587
Office furniture and fixtures 9,171 9,171
Production and engineering equipment 2,700 2,986
Software development in process 4,097 3,656
Site equipment 2,502 2,502
Computer equipment 1,578 1,578
Other equipment 811 812
170,225 160,296
Less: accumulated depreciation (110,062) (114,683)
Property and equipment not yet placed in service 454 —
Property and equipment — net $ 60,617  $ 45,613 
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:
Three Months Ended March 31,
2025 2024
(in thousands)
Revenue $ (206) $ (261)
Basic and diluted net loss per share $ (0.01) $ (0.01)