Quarterly report [Sections 13 or 15(d)]

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

v3.25.2
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Property and Equipment
The following summarizes property and equipment - net as of:
June 30, December 31,
2025 2024
(in thousands)
Satellites $ 133,498  $ 107,004 
Software 39,280 32,587
Office furniture and fixtures 9,182 9,171
Production and engineering equipment 2,730 2,986
Software development in process 3,790 3,656
Site equipment 2,502 2,502
Computer equipment 1,767 1,578
Other equipment 1,096 812
193,845 160,296
Less: accumulated depreciation (117,366) (114,683)
Property and equipment not yet placed in service 297 —
Property and equipment — net $ 76,776  $ 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 June 30, Six Months Ended June 30,
2025
2024(1)
2025
2024(1)
(in thousands)
Revenue $ (1,023) $ 1,264  $ (1,229) $ 1,003 
Basic and diluted net loss per share $ (0.03) $ 0.07  $ (0.04) $ 0.06 
(1) For the three and six months ended June 30, 2024, the Company had favorable EAC adjustments of $2.1 million and $1.9 million, respectively, for an existing individual professional services contract. The remaining EAC adjustments are not individually significant to the Company.