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Segment Reporting and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Information Regarding Net Revenue and Gross Profit by Segment

Net revenue and gross profit information by segment for the years ended December 31, 2015 and 2014 are as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

Premises:

 

 

 

 

 

 

 

 

Net revenue

 

$

19,963

 

 

$

19,033

 

Gross profit

 

 

11,522

 

 

 

11,358

 

Gross profit margin

 

 

58

%

 

 

60

%

Identity:

 

 

 

 

 

 

 

 

Net revenue

 

 

11,950

 

 

 

17,045

 

Gross profit

 

 

5,040

 

 

 

8,232

 

Gross profit margin

 

 

42

%

 

 

48

%

Credentials:

 

 

 

 

 

 

 

 

Net revenue

 

 

27,336

 

 

 

41,565

 

Gross profit

 

 

5,613

 

 

 

11,898

 

Gross profit margin

 

 

21

%

 

 

29

%

All Other:

 

 

 

 

 

 

 

 

Net revenue

 

 

1,545

 

 

 

3,606

 

Gross profit

 

 

974

 

 

 

1,968

 

Gross profit margin

 

 

63

%

 

 

55

%

Total:

 

 

 

 

 

 

 

 

Net revenue

 

 

60,794

 

 

 

81,249

 

Gross profit

 

 

23,149

 

 

 

33,456

 

Gross profit margin

 

 

38

%

 

 

41

%

Operating expenses:

 

 

 

 

 

 

 

 

Research and development

 

 

9,151

 

 

 

6,902

 

Selling and marketing

 

 

20,236

 

 

 

20,635

 

General and administrative

 

 

19,604

 

 

 

12,751

 

Earn-out consideration

 

 

 

 

 

3,510

 

Impairment of goodwill

 

 

8,771

 

 

 

 

Restructuring and severance

 

 

1,266

 

 

 

3,098

 

Total operating expenses:

 

 

59,028

 

 

 

46,896

 

Loss from operations

 

 

(35,879

)

 

 

(13,440

)

Non-operating income (expense):

 

 

 

 

 

 

 

 

Interest expense, net

 

 

(1,908

)

 

 

(3,619

)

Foreign currency loss (gain), net

 

 

(1,211

)

 

 

(1,270

)

Loss from continuing operations before income

   taxes and noncontrolling interest

 

$

(38,998

)

 

$

(18,329

)

 

 

Information Regarding Net Revenue by Geographic Region

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

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

Americas

 

 

 

 

 

 

 

 

United States

 

$

40,848

 

 

$

51,318

 

Other

 

 

 

 

 

4

 

Total Americas

 

 

40,848

 

 

 

51,322

 

Europe and the Middle East

 

 

9,472

 

 

 

15,835

 

Asia-Pacific

 

 

10,474

 

 

 

14,092

 

Total

 

$

60,794

 

 

$

81,249

 

Revenues

 

 

 

 

 

 

 

 

Americas

 

 

67

%

 

 

63

%

Europe and the Middle East

 

 

16

%

 

 

20

%

Asia-Pacific

 

 

17

%

 

 

17

%

Total

 

 

100

%

 

 

100

%

 

 

Long-Lived Assets by Geographic Location

Long-lived assets by geographic location as of December 31, 2015 and 2014 are as follows (in thousands):

 

 

December 31,

 

 

December 31,

 

 

2015

 

 

2014

 

Property and equipment, net:

 

 

 

 

 

 

 

Americas

 

 

 

 

 

 

 

United States

$

2,096

 

 

$

2,134

 

Other

 

 

 

 

 

Total Americas

 

2,096

 

 

 

2,134

 

Europe and the Middle East

 

 

 

 

 

 

 

Germany

 

295

 

 

 

1,252

 

Total Europe and the Middle East

 

295

 

 

 

1,252

 

Asia-Pacific

 

 

 

 

 

 

 

Singapore

 

1,807

 

 

 

1,867

 

Other

 

20

 

 

 

58

 

Total Asia-Pacific

 

1,827

 

 

 

1,925

 

Total property and equipment, net

$

4,218

 

 

$

5,311

 

 

 

Summary of Company's Net Revenues

The Company’s net revenue is represented by the following product categories as of December 31, 2015 and 2014 (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

Tags and transponders

 

$

20,310

 

 

$

34,659

 

Logical and physical access control readers

 

 

17,165

 

 

 

21,084

 

Controller panels

 

 

10,272

 

 

 

9,215

 

Access cards and provisioning

 

 

7,394

 

 

 

7,413

 

Third party access control products

 

 

1,523

 

 

 

2,097

 

Other

 

 

4,130

 

 

 

6,781

 

Total

 

$

60,794

 

 

$

81,249