v3.23.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Revenue $ 55,072 $ 36,800 $ 113,716 $ 69,572
Operating expenses:        
Marketing, general and administrative 12,654 9,693 26,045 19,034
Reduction in the value of long-lived assets 0 525 0 525
Depreciation, amortization and accretion 21,890 24,130 43,823 47,913
Total operating expenses 52,452 48,156 103,905 94,640
Income (loss) from operations 2,620 (11,356) 9,811 (25,068)
Other (expense) income:        
Loss on extinguishment of debt 0 0 (10,403) 0
Interest income and expense, net of amounts capitalized (5,070) (7,187) (7,102) (16,717)
Derivative gain (loss) 299 (1,242) 299 (1,728)
Foreign currency gain (loss) 2,038 (7,123) 3,945 (3,891)
Other 148 272 49 389
Total other expense (2,585) (15,280) (13,212) (21,947)
Income (loss) before income taxes 35 (26,636) (3,401) (47,015)
Income tax expense 26 121 70 204
Net income (loss) 9 (26,757) (3,471) (47,219)
Other comprehensive loss:        
Foreign currency translation adjustments (1,307) 5,315 (2,736) 4,636
Comprehensive loss (1,298) (21,442) (6,207) (42,583)
Net loss attributable to common shareholders (Note 10) $ (2,635) $ (26,757) $ (8,730) $ (47,219)
Net loss per common share:        
Basic (in dollars per share) $ 0.00 $ (0.01) $ (0.00) $ (0.03)
Diluted (in dollars per share) $ 0.00 $ (0.01) $ 0.00 $ (0.03)
Weighted-average shares outstanding:        
Basic (in shares) 1,813,393 1,799,886 1,812,617 1,798,784
Diluted (in shares) 1,813,393 1,799,886 1,812,617 1,798,784
Service revenue        
Revenue:        
Revenue $ 48,648 $ 33,048 $ 101,602 $ 62,392
Operating expenses:        
Cost of goods and services 12,246 10,695 24,066 21,489
Subscriber equipment sales        
Revenue:        
Revenue 6,424 3,752 12,114 7,180
Operating expenses:        
Cost of goods and services $ 5,662 $ 3,113 $ 9,971 $ 5,679