Discontinued operations |
6 Months Ended |
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Jun. 30, 2024 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Discontinued operations | 17. Discontinued operations
As discussed in Note 4, on March 1, 2024, the Company sold Complexity and recognized a gain on disposition of $3.0 million, resulting in Complexity meeting the requirements for presentation as discontinued operations. Prior to disposition, Complexity was part of the Teams operating and reportable segment.
The Company recognized a pretax net loss of $1.4 million and $2.6 million for the six months ended June 30, 2024 and 2023, respectively, and $0 and $1.3 million for the three months ended June 30, 2024 and 2023, respectively, in net income (loss) from discontinued operations in the consolidated statements of operations and comprehensive loss in relation to Complexity. The pretax net loss of $1.4 million during the six months ended June 30, 2024, includes revenue of $1.0 million, cost of revenue of $0.9 million, and operating expenses of $1.5 million. The pretax net loss of $2.6 million for the six months ended June 30, 2023, includes revenue of $5.0 million, cost of revenue of $3.1 million, and operating expenses of 4.5 million.
Complexity had amortization and depreciation of $0.2 million and $0.7 million for the six months ended June 30, 2024 and 2023, respectively. Complexity did not have significant capital expenditures or significant noncash activity during the periods presented.
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