Revenue (Notes)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue

The following table summarizes the Company’s services revenue:

	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Commercial services:
Voice and data	$	226,197	$	219,242	$	193,112
IoT data	166,166		141,036		125,015
Broadband	56,095		57,878		51,143
Hosted payload and other data(1)	60,160		60,298		59,451
Total commercial services	508,618		478,454		428,721
Government services	106,296		106,000		106,000
Total services	$	614,914	$	584,454	$	534,721

(1)    Includes immaterial revenue related to the Company’s operating leases in which it is a lessor (see Note 10 for additional information).

The following table summarizes the Company’s engineering and support services revenue:

	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Commercial	$	7,307	$	11,050	$	7,833
Government	117,045		90,083		43,766
Total	$	124,352	$	101,133	$	51,599

The Company’s contracts with customers generally do not contain performance obligations with terms in excess of one year. As such, the Company does not disclose details related to the value of performance obligations that are unsatisfied as of the end of the reporting period. The total value of any performance obligations that extend beyond a year is immaterial to the financial statements.

The timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables (contract assets), and deferred revenue (contract liabilities) on the consolidated balance sheets. The Company bills amounts under its agreed-upon contractual terms at periodic intervals (for services), upon shipment (for equipment), or upon achievement of contractual milestones or as work progresses (for engineering and support services). Billing may occur subsequent to revenue recognition, resulting in unbilled accounts receivable (contract assets). The Company may also receive payments from customers before revenue is recognized, resulting in deferred revenue (contract liabilities). The Company recognized revenue that was previously recorded as deferred revenue in the amounts of $36.9 million, $31.4 million and $26.3 million for the years ended December 31, 2024, 2023 and 2022, respectively.

The Company has also recorded costs of obtaining contracts expected to be recovered in prepaid expenses and other current assets (contract assets or commissions), that are not separately disclosed on the consolidated balance sheets. The commissions are recognized over the estimated usage period. The following table presents contract assets not separately disclosed:

	Year Ended December 31,
	2024		2023
	(In thousands)
Contract Assets:
Commissions	$	1,058	$	1,114
Other contract costs	$	1,798	$	1,970