SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Segment Reporting Information, by Segment


Table 16: Results of Operations by Business Segment
	For the Year Ended December 31,
	2025						2024
	Security Solutions		Secure Networks		Total		Security Solutions		Secure Networks		Total

	(in thousands)
Revenues	$	149,600	$	15,205	$	164,805	$	76,760	$	31,512	$	108,272
Cost of sales
Depreciation and amortization (1)	8,173		7		8,180		6,396		8		6,404
Stock-based compensation expense (1)	594		58		652		667		161		828
Impairment loss on intangible assets (1)	—		—		—		5,333		—		5,333
Other segment items (2)	83,274		11,682		94,956		36,685		24,593		61,278
Total cost of sales	92,041		11,747		103,788		49,081		24,762		73,843
Gross profit	$	57,559	$	3,458	61,017		$	27,679	$	6,750	34,429
Operating expenses
Research and development expenses					7,057						8,442
Selling, general and administrative expenses					78,925						75,487
Goodwill impairment					14,916						—
Impairment loss on intangible assets					—						6,373
Total operating expenses					100,898						90,302
Operating loss					(39,881)						(55,873)
Other income					3,225						4,023
Interest expense					(553)						(644)
Loss before income taxes					(37,209)						(52,494)
Benefit from (provision for) income taxes					663						(26)
Net loss					$	(36,546)					$	(52,520)

(1) The significant segment expense categories and amounts align with the segment-level information regularly provided to the CODM.

(2) Other segment items for each reportable segment include direct labor, direct subcontractor costs, direct materials and inventory, other direct non-labor costs, fringes, overhead, and facility costs.