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Segment Reporting and Geographic Information (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Information Regarding Net Revenue and Gross Profit by Segment

Net revenue and gross profit information by segment for the three and nine months ended September 30, 2017 and 2016 is as follows (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

PACS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

$

6,434

 

 

$

7,253

 

 

$

17,622

 

 

$

17,908

 

Gross profit

 

3,412

 

 

 

4,334

 

 

 

9,556

 

 

 

10,244

 

Gross profit margin

 

53

%

 

 

60

%

 

 

54

%

 

 

57

%

Identity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

3,421

 

 

 

3,508

 

 

 

10,568

 

 

 

8,923

 

Gross profit

 

1,229

 

 

 

1,359

 

 

 

3,666

 

 

 

3,324

 

Gross profit margin

 

36

%

 

 

39

%

 

 

35

%

 

 

37

%

Credentials:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

5,577

 

 

 

4,799

 

 

 

15,471

 

 

 

14,110

 

Gross profit

 

1,220

 

 

 

1,227

 

 

 

4,013

 

 

 

3,654

 

Gross profit margin

 

22

%

 

 

26

%

 

 

26

%

 

 

26

%

All Other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

 

 

 

 

 

 

3

 

 

 

580

 

Gross profit

 

 

 

 

 

 

 

6

 

 

 

261

 

Gross profit margin

 

 

 

 

 

 

 

200

%

 

 

45

%

Total:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

15,432

 

 

 

15,560

 

 

 

43,664

 

 

 

41,521

 

Gross profit

 

5,861

 

 

 

6,920

 

 

 

17,241

 

 

 

17,483

 

Gross profit margin

 

38

%

 

 

44

%

 

 

39

%

 

 

42

%

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

1,597

 

 

 

1,480

 

 

 

4,584

 

 

 

4,997

 

Selling and marketing

 

3,448

 

 

 

3,312

 

 

 

10,142

 

 

 

10,807

 

General and administrative

 

1,247

 

 

 

2,115

 

 

 

5,119

 

 

 

9,674

 

Restructuring and severance

 

(49

)

 

 

160

 

 

 

(49

)

 

 

3,100

 

Total operating expenses:

 

6,243

 

 

 

7,067

 

 

 

19,796

 

 

 

28,578

 

Loss from operations

 

(382

)

 

 

(147

)

 

 

(2,555

)

 

 

(11,095

)

Non-operating income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, net

 

(643

)

 

 

(525

)

 

 

(1,995

)

 

 

(1,814

)

Gain on extinguishment of debt

 

 

 

 

 

 

 

977

 

 

 

 

Foreign currency (losses) gains, net

 

(51

)

 

 

35

 

 

 

(202

)

 

 

309

 

Loss before income taxes and noncontrolling interest

$

(1,076

)

 

$

(637

)

 

$

(3,775

)

 

$

(12,600

)

 

Information Regarding Net Revenue by Geographic Region

Geographic net revenue is based on the customer’s ship-to location. Information regarding net revenue by geographic region for the three and nine months ended September 30, 2017 and 2016 is as follows (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Americas

 

$

10,291

 

 

$

9,924

 

 

$

28,894

 

 

$

27,343

 

Europe and the Middle East

 

 

1,771

 

 

 

2,834

 

 

 

5,767

 

 

 

6,654

 

Asia-Pacific

 

 

3,370

 

 

 

2,802

 

 

 

9,003

 

 

 

7,524

 

Total

 

$

15,432

 

 

$

15,560

 

 

$

43,664

 

 

$

41,521

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

 

67

%

 

 

64

%

 

 

66

%

 

 

66

%

Europe and the Middle East

 

 

11

%

 

 

18

%

 

 

13

%

 

 

16

%

Asia-Pacific

 

 

22

%

 

 

18

%

 

 

21

%

 

 

18

%

Total

 

 

100

%

 

 

100

%

 

 

100

%

 

 

100

%

 

Long-Lived Assets by Geographic Location

Long-lived assets by geographic location as of September 30, 2017 and December 31, 2016 are as follows (in thousands):

 

 

 

September 30,

 

 

December 31,

 

 

 

2017

 

 

2016

 

Property and equipment, net:

 

 

 

 

 

 

 

 

Americas

 

$

877

 

 

$

1,100

 

Europe and the Middle East

 

 

115

 

 

 

162

 

Asia-Pacific

 

 

1,125

 

 

 

1,154

 

Total property and equipment, net

 

$

2,117

 

 

$

2,416