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Segment Reporting and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Information Regarding Net Revenue and Gross Profit by Segment

Net revenue and gross profit information by segment are as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Identity:

 

 

 

 

 

 

 

 

 

Net revenue

 

$

68,117

 

 

$

67,422

 

 

$

64,725

 

Gross profit

 

 

14,679

 

 

 

15,153

 

 

 

15,670

 

Gross profit margin

 

 

22

%

 

 

22

%

 

 

24

%

Premises:

 

 

 

 

 

 

 

 

 

Net revenue

 

 

48,266

 

 

 

45,493

 

 

 

39,044

 

Gross profit

 

 

27,485

 

 

 

25,791

 

 

 

21,397

 

Gross profit margin

 

 

57

%

 

 

57

%

 

 

55

%

Total:

 

 

 

 

 

 

 

 

 

Net revenue

 

 

116,383

 

 

 

112,915

 

 

 

103,769

 

Gross profit

 

 

42,164

 

 

 

40,944

 

 

 

37,067

 

Gross profit margin

 

 

36

%

 

 

36

%

 

 

36

%

Operating expenses:

 

 

 

 

 

 

 

 

 

Research and development

 

 

11,590

 

 

 

9,916

 

 

 

8,673

 

Selling and marketing

 

 

22,555

 

 

 

20,730

 

 

 

17,033

 

General and administrative

 

 

12,360

 

 

 

10,429

 

 

 

11,891

 

Restructuring and severance

 

 

714

 

 

 

202

 

 

 

817

 

Total operating expenses:

 

 

47,219

 

 

 

41,277

 

 

 

38,414

 

Loss from operations

 

 

(5,055

)

 

 

(333

)

 

 

(1,347

)

Non-operating income (expense):

 

 

 

 

 

 

 

 

 

Interest expense, net

 

 

(427

)

 

 

(143

)

 

 

(483

)

Gain on forgiveness of Paycheck Protection Program note

 

 

 

 

 

 

 

 

2,946

 

Gain on investment

 

 

132

 

 

 

30

 

 

 

611

 

Foreign currency gains (losses), net

 

 

25

 

 

 

155

 

 

 

(79

)

Income (loss) before income tax provision

 

$

(5,325

)

 

$

(291

)

 

$

1,648

 

Information Regarding Net Revenue by Geographic Region

Geographic Information

Geographic net revenue is based on the customer’s ship-to location. Information regarding net revenue by geographic region is as follows (in thousands):

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Americas

 

$

84,512

 

 

$

76,799

 

 

$

69,396

 

Europe and the Middle East

 

 

17,880

 

 

 

15,900

 

 

 

12,876

 

Asia-Pacific

 

 

13,991

 

 

 

20,216

 

 

 

21,497

 

Total

 

$

116,383

 

 

$

112,915

 

 

$

103,769

 

As percentage of net revenue:

 

 

 

 

 

 

 

 

 

Americas

 

 

73

%

 

 

68

%

 

 

67

%

Europe and the Middle East

 

 

15

%

 

 

14

%

 

 

12

%

Asia-Pacific

 

 

12

%

 

 

18

%

 

 

21

%

Total

 

 

100

%

 

 

100

%

 

 

100

%

Long-Lived Assets by Geographic Location

Long-lived assets by geographic location as of December 31, 2023 and 2022 are as follows (in thousands):

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Property and equipment, net:

 

 

 

 

 

 

Americas

 

$

711

 

 

$

530

 

Europe and the Middle East

 

 

519

 

 

 

458

 

Asia-Pacific

 

 

8,090

 

 

 

5,731

 

Total property and equipment, net

 

$

9,320

 

 

$

6,719

 

 

 

 

 

 

 

 

Operating lease ROU assets:

 

 

 

 

 

 

Americas

 

$

2,836

 

 

$

3,637

 

Europe and the Middle East

 

 

371

 

 

 

384

 

Asia-Pacific

 

 

2,007

 

 

 

352

 

Total operating lease ROU assets

 

$

5,214

 

 

$

4,373