Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2026

Summary of Significant Accounting Policies

Schedule of company’s revenue disaggregated by category and source

	Three Months Ended March 31,
	2026		2025
	(in thousands)
Commercial	$	995	$	932
Government contracts		—		607
Total revenue	$	995	$	1,539

Schedule of stock-based compensation included in cost of goods sold, research and development, and selling, general and administrative expenses

	Three Months Ended March 31,
	2026		2025
		(in thousands)
Cost of goods sold	$	183	$	237
Research and development		1,480		1,043
Selling, general and administrative		3,426		3,044
Total stock-based compensation expense	$	5,089	$	4,324

Schedule of diluted weighted average shares

Basic and diluted EPS calculation	Three Months Ended March 31,
	2026		2025
	(in thousands, except per share amounts)
Numerator
Net loss attributable to common stockholders - basic	$	(10,621)	$	(58,579)
Adjustments for dilutive impacts:
Reversal of MTM adjustments		(12,605)		—
Reversal of interest expense and amortization of debt discount		5,152		—
Net loss attributable to common stockholders - diluted		(18,074)		(58,579)
Denominator
Weighted average shares – basic		135,327		131,104
Adjustment: Add dilutive shares		16,295		—
Weighted average shares – diluted		151,622		131,104
Basic loss per share	$	(0.08)	$	(0.45)
Diluted loss per share	$	(0.12)	$	(0.45)

Schedule of anti-dilutive unvested restricted stock units and unvested restricted stock awards

	Three Months Ended March 31,
Antidilutive Shares Excluded	2026		2025
	(in thousands)
Warrants		33,103	37,297
Stock Options		4,836	4,144
Unvested Restricted Stock Units		3,301	4,465
Unvested Restricted Stock Awards		210	231
2028 Notes Convertible Stock		—	15,127

Schedule of depreciation using the straight-line method over the estimated useful lives of the assets

Pinnacle and PNT network	5–8 years
Office equipment, furniture and internal use software	2–5 years
Leasehold improvements	Shorter of the useful life or lease term
Acquired finite-lived intangible assets	12 years

Schedule of goodwill activities

	Three Months Ended March 31,
	2026		2025
	(in thousands)
Beginning Balance	$	19,161	$	16,966
Changes in foreign exchange rates		(458)		675
Ending Balance	$	18,703	$	17,641