Company: MYND
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001628280-25-014832
Chunk: 143

Company: Mynd.ai, Inc.
Filing Date: 2025-03-26
Form: 20-F
Item: Item 18
Chunk 143
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 gain from discontinued operations for the years ended December 31, 2024, 2023 and 2022.

Note 19. Significant Concentrations

During the years ended December 31, 2024, 2023 and 2022, one 43,163 84,262 139,303 16 20 24 respectively. During the years ended December 31, 2024 and 2023, another customer represented $ 29,839 45,576 11 11

During the years ended December 31, 2024 and 2023, two 116,255 178,385 58 57 three 302,533 68. No other suppliers represented more than 10% of cost of revenue from continuing operations during the years ended December 31, 2024, 2023 and 2022.

As of December 31, 2024 and 2023, one 4,915 13,476 16 21

Table of contents

Mynd. ai. Inc.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In thousands of U. S. dollars, except share and per share data, or otherwise noted)

Note 20. Discontinued Operations

In 2022, the Company concluded that its abandonment of the North America geographic region of the Edmodo business qualified for presented as discontinued operations. In 2024, the Company concluded that its sale of its holdings of capital stock of GEH Singapore also qualified for presentation as discontinued operations. In both cases, this conclusion was reached because the disposal represented a strategic shift with a major effect on the Company's operations and financial results. See further discussion at Note 2 - Summary of Significant Accounting Policies.

The following table provides a reconciliation of the Company’s net income (loss) from discontinued operations presented in the consolidated statements of operations for the years ended December 31, 2024, 2023, and 2022. There are no interest or other corporate costs allocated to discontinued operations in financial results presented below.

                                                                       Year Ended December 31                                                                                    
                                                                       2024                                                         2023                                         
                                                                       GEH Singapore                                       GEH Singapore      Edmodo       Total                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue                                                              $                           29,115      29,115                  $      $                $            560  
  Cost of revenue                                                                                  25,