Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.20.2
Segment Information (Tables)
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Reconciliation of operating profit (loss) by segment
The following table summarizes revenue and gross margin by our reportable segments for the three months ended March 31, 2020 and 2019 (in thousands):
 
Three Months Ended March 31,
 
2020
 
2019
Revenue:
 
 
 
Media & Content -- Licensing and Services
$
68,385

 
$
80,010

Connectivity -- Services
67,260

 
70,468

Connectivity -- Equipment
8,520

 
16,141

Total revenue
$
144,165

 
$
166,619

Cost of sales:
 
 
 
Media & Content -- Licensing and Services
$
55,556

 
$
57,669

Connectivity -- Services
57,728

 
65,600

Connectivity -- Equipment
7,523

 
10,925

Total cost of sales
$
120,807

 
$
134,194

Gross Margin:
 
 
 
Media & Content
$
12,829

 
$
22,341

Connectivity
10,529

 
10,084

Total Gross Margin
23,358

 
32,425

Other operating expenses
70,151

 
51,515

Loss from operations
$
(46,793
)
 
$
(19,090
)
Schedule of assets by segment
The Company’s total assets by segment were as follows (in thousands):
 
 
March 31, 2020
 
December 31, 2019
Media & Content
 
$
300,205

 
$
316,340

Connectivity
 
279,799

 
331,368

Total segment assets
 
580,004

 
647,708

Corporate assets
 
50,472

 
20,872

Total assets
 
$
630,476

 
$
668,580