Quarterly report [Sections 13 or 15(d)]

INVENTORIES

v3.25.2
INVENTORIES
6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
The Company’s inventories as of June 30, 2025 and December 31, 2024 consisted almost entirely of finished goods inventory, with an immaterial amount of work-in-process inventory.

As of June 30, 2025, the Company recorded a lower-of-cost-or-net-realizable-value inventory reserve of $1.4 million as a result of the identification of additional slow-moving and obsolete inventory substantially comprised of hardware devices and SIM cards. As of December 31, 2024, the Company had inventory reserve of $0.3 million for slow-moving and obsolete inventory substantially comprised of hardware devices.