Divestitures and Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The following tables set forth details of net income (loss) from discontinued operations for the three and nine months ended September 30, 2024 and 2023, respectively, related to Messaging and NetworkX Businesses sale.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Net revenues	$	—	$	15,858	$	—	$	50,275
Costs and expenses:
Cost of revenues1	—		8,419		—		28,134
Research and development	—		1,552		—		5,312
Selling, general and administrative	—		1,979		—		6,941
Restructuring charges	—		—		—		3
Depreciation and amortization	—		3,056		—		9,519
Total costs and expenses	—		15,006		—		49,909
Income from operations	—		852		—		366
Interest income	—		—		—		1
Other expense, net	—		(1)		—		(143)
Income from operations, before taxes	—		851		—		224
Provision for income taxes	—		(843)		—		(1,858)
Net income (loss)	$	—	$	8	$	—	$	(1,634)

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1    Cost of revenues excludes depreciation and amortization, which are shown separately.

There were no assets and liabilities related to discontinued operations as of September 30, 2024 and December 31, 2023, as all balances were transferred to Lumine Group upon sale.

The following table summarizes the significant non-cash items and capital expenditures of the discontinued operations that are included in the consolidated statements of cash flows for the nine months ended September 30, 2024 and 2023:

	Nine Months Ended September 30,
	2024		2023
Operating activities:
Depreciation and amortization	$	—	$	9,519
Stock-based compensation	—		716
Investing activities:
Additions to capitalized software	$	—	$	(4,077)