v3.26.1
SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 13-SEGMENT REPORTING

The Company’s reporting segments are as follows:

•
Equipment- Sales of equipment, including network infrastructure and application products. Network infrastructure products mainly include broadband products. Network application products mainly include wireless infrastructure technologies.
•
Services-Providing services and support for equipment products and also the new operational support segment.

The Company’s Chief Operating Decision Maker, who is also the Company’s Chief Executive Officer, makes financial decisions and resource allocations based on information received from their internal management system and currently evaluates the operating performance and allocates resources to the reporting segments based on segment gross profit. The accounting policies used in measuring segment assets and operating performance are the same as those used at the consolidated level.

Summarized below are the Company’s segment information for the years ended December 31, 2025, 2024 and 2023 based on the current reporting segment structure.

 

 

 

Year ended December 31, 2025

 

 

 

Equipment

 

 

 

Services

 

 

Consolidated

 

 

 

(in thousands)

 

Net Sales

 

$

751

 

 

 

$

8,227

 

 

$

8,978

 

Cost of Net Sales

 

 

(1,401

)

 

 

 

(6,526

)

 

 

(7,927

)

Gross Profit (Loss)

 

 

(650

)

 

 

 

1,701

 

 

 

1,051

 

Research and Development

 

 

 

 

 

 

 

 

 

(4,644

)

General and corporate

 

 

 

 

 

 

 

 

 

(2,735

)

Loss before income taxes

 

 

 

 

 

 

 

 

$

(6,328

)

 

 

 

Year ended December 31, 2024

 

 

 

Equipment

 

 

 

Services

 

 

Consolidated

 

 

 

(in thousands)

 

Net Sales

 

$

1,406

 

 

 

$

9,472

 

 

$

10,878

 

Cost of Net Sales

 

 

(1,223

)

 

 

 

(6,749

)

 

 

(7,972

)

Gross Profit

 

 

183

 

 

 

 

2,723

 

 

 

2,906

 

Research and Development

 

 

 

 

 

 

 

 

 

(5,085

)

General and corporate

 

 

 

 

 

 

 

 

 

(1,506

)

Loss before income taxes

 

 

 

 

 

 

 

 

$

(3,685

)

 

 

 

Year ended December 31, 2023

 

 

 

Equipment

 

 

 

Services

 

 

Consolidated

 

 

 

(in thousands)

 

Net Sales

 

$

4,594

 

 

 

$

11,159

 

 

$

15,753

 

Cost of Net Sales

 

 

(3,666

)

 

 

 

(7,697

)

 

 

(11,363

)

Gross Profit

 

 

928

 

 

 

 

3,462

 

 

 

4,390

 

Research and Development

 

 

 

 

 

 

 

 

 

(5,881

)

General and corporate

 

 

 

 

 

 

 

 

 

(1,086

)

Loss before income taxes

 

 

 

 

 

 

 

 

$

(2,577

)

 

General and corporate expenses include selling, general and administrative expenses, partially offset by interest income, and other income (expense), net, which are the same as those presented in the consolidated statements of comprehensive loss.

Sales are attributed to a geographical area based upon the location of the customer. Sales data by geographical area are as follows:

 

 

 

Years Ended December 31,

 

 

 

 

 

 

 

% of net

 

 

 

 

 

 

% of net

 

 

 

 

 

 

% of net

 

 

 

 

2025

 

 

Sales

 

 

 

2024

 

 

Sales

 

 

 

2023

 

 

Sales

 

 

 

 

(in thousands, except percentages)

 

 

Net Sales by Region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

China

 

$

2,053

 

 

 

23

 

%

 

$

2,084

 

 

 

19

 

%

 

$

2,577

 

 

 

16

 

%

India

 

 

2,993

 

 

 

33

 

%

 

 

4,893

 

 

 

45

 

%

 

 

8,268

 

 

 

53

 

%

Japan

 

 

3,932

 

 

 

44

 

%

 

 

3,901

 

 

 

36

 

%

 

 

4,908

 

 

 

31

 

%

Total

 

$

8,978

 

 

 

100

 

%

 

$

10,878

 

 

 

100

 

%

 

$

15,753

 

 

 

100

 

%

 

Long-lived assets, consisting of property, plant and equipment, by geographical area are as follows:

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

China

 

$

709

 

 

$

475

 

Other

 

 

—

 

 

 

1

 

Total long-lived assets

 

$

709

 

 

$

476