Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.20.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2020 and 2019 (in thousands):
Three Months Ended June 30, Six Months Ended June 30,
2020 2019 2020 2019
Revenue:
Media & Content -- Licensing and Services $ 20,757    $ 74,013    $ 89,142    $ 154,023   
Connectivity -- Services 56,700    71,116    123,960    141,584   
Connectivity -- Equipment 5,584    12,338    14,104    28,479   
Total revenue $ 83,041    $ 157,467    $ 227,206    $ 324,086   
Cost of sales:
Media & Content -- Licensing and Services $ 21,929    $ 57,604    $ 77,485    $ 115,273   
Connectivity -- Services 45,843    58,704    103,571    124,304   
Connectivity -- Equipment 4,107    7,909    11,630    18,834   
Total cost of sales $ 71,879    $ 124,217    $ 192,686    $ 258,411   
Gross Margin:
Media & Content $ (1,172)   $ 16,409    $ 11,657    $ 38,750   
Connectivity 12,334    16,841    22,863    26,925   
Total Gross Margin 11,162    33,250    34,520    65,675   
Other operating expenses 42,629    48,476    112,780    99,991   
Loss from operations $ (31,467)   $ (15,226)   $ (78,260)   $ (34,316)  
Schedule of assets by segment
The Company’s total assets by segment were as follows (in thousands):
June 30, 2020 December 31, 2019
Media & Content $ 259,598    $ 316,340   
Connectivity 286,844    331,368   
Total segment assets 546,442    647,708   
Corporate assets 21,539    20,872   
Total assets $ 567,981    $ 668,580