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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net revenues:        
Total net revenues $ 48,583 $ 69,167 $ 152,934 $ 192,408
Cost of net revenues:        
Total cost of net revenues 46,688 51,211 113,956 141,310
Gross profit 1,895 17,956 38,978 51,098
Operating costs and expenses:        
Research and development 8,951 15,417 27,127 47,597
Sales and marketing 5,355 8,295 17,975 25,789
General and administrative 4,906 5,720 16,703 20,101
Amortization of purchased intangible assets 424 433 1,277 1,319
Write-down of capitalized software 611 0 1,115 0
Total operating costs and expenses 20,247 29,865 64,197 94,806
Operating loss (18,352) (11,909) (25,219) (43,708)
Other (expense) income:        
Loss on debt conversion and extinguishment, net 0 0 0 (450)
Interest expense, net (2,891) (2,034) (6,902) (6,621)
Other (expense) income, net (578) (1,758) 875 (3,145)
Total other expense (3,469) (3,792) (6,027) (10,216)
Loss before income taxes (21,821) (15,701) (31,246) (53,924)
Income tax (benefit) provision (16) 42 600 (582)
Net loss (21,805) (15,743) (31,846) (53,342)
Series E preferred stock dividends (756) (691) (2,218) (2,029)
Net loss attributable to common stockholders $ (22,561) $ (16,434) $ (34,064) $ (55,371)
Net loss per common share:        
Basic (in dollars per share) $ (0.19) $ (0.15) $ (0.30) $ (0.52)
Diluted (in dollars per share) $ (0.19) $ (0.15) $ (0.30) $ (0.52)
Weighted-average shares used in computation of net loss per common share:        
Basic (in shares) 116,967,545 107,747,468 112,247,219 106,977,201
Diluted (in shares) 116,967,545 107,747,468 112,247,219 106,977,201
IoT & Mobile Solutions        
Net revenues:        
Total net revenues $ 41,357 $ 62,633 $ 131,367 $ 172,129
Cost of net revenues:        
Total cost of net revenues 43,560 48,209 105,011 131,805
Enterprise SaaS Solutions        
Net revenues:        
Total net revenues 7,226 6,534 21,567 20,279
Cost of net revenues:        
Total cost of net revenues $ 3,128 $ 3,002 $ 8,945 $ 9,505