XML 11 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net revenue $ 6,532 $ 11,732 $ 19,931 $ 32,097
Cost of revenue 6,294 10,413 18,596 27,928
Gross profit 238 1,319 1,335 4,169
Operating expenses:        
Research and development 1,102 1,019 2,965 3,150
Selling and marketing 1,657 1,404 4,654 4,525
General and administrative 7,032 2,215 15,052 6,577
Restructuring and severance       46
Total operating expenses 9,791 4,638 22,671 14,298
Loss from continuing operations (9,553) (3,319) (21,336) (10,129)
Non-operating income (expense):        
Interest income (expense), net 244 (211) 8 (351)
Gain on investment   132   132
Foreign currency gains (losses), net 340 (249) 55 (187)
Loss from continuing operations before income tax provision (8,969) (3,647) (21,273) (10,535)
Income tax provision (360) (13) (361) (15)
Net loss from continuing operations (9,329) (3,660) (21,634) (10,550)
Income (loss) from discontinued operations, net of tax:        
Income (loss) from Physical Security Business, net of tax (4,268) 3,638 (2,737) 6,665
Gain on sale of Physical Security Business, net of tax 99,546   99,546  
Total income from discontinued operations, net of tax 95,278 3,638 96,809 6,665
Net income (loss) 85,949 (22) 75,175 (3,885)
Other comprehensive income (loss):        
Foreign currency translation adjustment, net of tax 1,431 (312) 1,037 (211)
Comprehensive gain (loss) $ 87,380 $ (334) $ 76,212 $ (4,096)
Net income (loss) per common share:        
Basic - continuing operations $ (0.4) $ (0.17) $ (0.95) $ (0.5)
Diluted - continuing operations (0.4) (0.17) (0.95) (0.5)
Basic - discontinued operations 4.03 0.16 4.12 0.29
Diluted - discontinued operations 4.03 0.16 4.12 0.29
Basic 3.62 (0.01) 3.17 (0.21)
Diluted $ 3.62 $ (0.01) $ 3.17 $ (0.21)
Weighted average common shares outstanding:        
Basic 23,660 23,174 23,496 23,008
Diluted 23,660 23,174 23,496 23,008