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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Summary of Key Financial Performance Measures of Segment Key financial performance measures of the segment are as follows.

 

 

For the years ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Revenue

 

 

 

 

 

 

 

 

 

Hardware

 

 

82,844

 

 

 

137,201

 

 

 

87,372

 

Professional Services

 

 

18,803

 

 

 

35,473

 

 

 

32,301

 

Deferred hub amortization

 

 

21,600

 

 

 

23,096

 

 

 

20,360

 

SaaS

 

 

51,638

 

 

 

41,068

 

 

 

27,788

 

Total revenue

 

 

174,885

 

 

 

236,838

 

 

 

167,821

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

 

 

 

 

 

 

 

 

Hardware

 

 

58,833

 

 

 

108,780

 

 

 

83,289

 

Professional Services

 

 

31,160

 

 

 

55,495

 

 

 

59,547

 

Deferred hub amortization

 

 

11,168

 

 

 

12,602

 

 

 

10,825

 

SaaS

 

 

13,386

 

 

 

10,432

 

 

 

12,812

 

Total cost of revenue

 

 

114,547

 

 

 

187,309

 

 

 

166,473

 

 

 

 

 

 

 

 

 

 

 

Gross Profit

 

 

60,338

 

 

 

49,529

 

 

 

1,348

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

 

Operating expenses excluding stock compensation and depreciation and amortization

 

 

87,666

 

 

 

75,179

 

 

 

87,715

 

Stock compensation

 

 

9,654

 

 

 

12,245

 

 

 

13,716

 

Depreciation and amortization

 

 

4,790

 

 

 

5,264

 

 

 

4,168

 

Total operating expenses

 

 

102,110

 

 

 

92,688

 

 

 

105,599

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

 

(41,772

)

 

 

(43,159

)

 

 

(104,251

)

 

 

 

 

 

 

 

 

 

Other segment items(1)

 

 

8,129

 

 

 

8,572

 

 

 

7,929

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(33,643

)

 

$

(34,587

)

 

$

(96,322

)

(1) Other segment items include interest income, net, other income (expense), net, and income tax expense (benefit).