Segment Reporting

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Segment Reporting Disclosure

4. Segment Information

The Company’s Chief Operating Decision Maker (“CODM”) as defined under GAAP, who is the Company’s Chief Executive Officer, has determined the allocation of resources and assessed performance based upon the consolidated results of the Company. The CODM uses consolidated net loss to assess financial performance and allocate resources. Accordingly, the Company is currently deemed to be comprised of only one operating segment and one reportable segment. This segment, which comprises the continuing operations of the Company’s single operating and reportable segment, provides geospatial intelligence, imagery and related data analytic products and services, of which the Company incurs costs and recognizes revenue on professional and engineering services including but not limited to, the development, integration, and operation of satellites and software platforms, as well as ground systems, that support the Company's primary imagery service subscriptions. The following table presents selected financial information with respect to the Company’s single reportable segment for the years ended December 31, 2024 and 2023:

	Years Ended December 31,
	2024		2023
Revenue
Imagery & software analytical services	$	70,062	$	65,391
Professional & engineering services	32,031		29,101
Total revenue	102,093		94,492
Costs and Expenses
Imagery & software analytical direct labor costs	2,502		3,304
Imagery & software analytical direct materials costs	11,405		10,489
Professional & engineering direct labor costs	9,167		13,160
Professional & engineering direct materials costs	4,358		6,828
Salaries and benefit costs	41,742		40,720
Stock-based compensation expense	10,526		10,118
Other segment items	23,145		22,422
Depreciation and amortization	43,536		43,431
Loss (gain) on derivatives	2,815		(7,679)
Income on equity method investments	(879)		(4,165)
Interest income	(1,560)		(2,063)
Interest expense	12,187		9,306
Other (income) expense, net	(3)		1,807
Income tax expense	370		673
Net loss	$	(57,218)	$	(53,859)

(1) Other segment items included in net loss primarily includes selling, general, and administrative costs and research and development costs.

As of December 31, 2024 and 2023, the Company's segment assets, which are equal to the Company's consolidated assets on the consolidated balance sheets, are owned and operated by United States entities and are classified within the United States. See Note 5—“Revenue” for additional information about revenue by geographic region.