XML 50 R37.htm IDEA: XBRL DOCUMENT v3.19.1
Segment Reporting and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018 and 2017 are as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

Premises:

 

 

 

 

 

 

 

 

Net revenue

 

$

34,587

 

 

$

24,154

 

Gross profit

 

 

19,373

 

 

 

13,669

 

Gross profit margin

 

 

56

%

 

 

57

%

Identity:

 

 

 

 

 

 

 

 

Net revenue

 

 

43,555

 

 

 

36,065

 

Gross profit

 

 

13,959

 

 

 

8,491

 

Gross profit margin

 

 

32

%

 

 

24

%

Total:

 

 

 

 

 

 

 

 

Net revenue

 

 

78,142

 

 

 

60,219

 

Gross profit

 

 

33,332

 

 

 

22,160

 

Gross profit margin

 

 

43

%

 

 

37

%

Operating expenses:

 

 

 

 

 

 

 

 

Research and development

 

 

7,235

 

 

 

6,146

 

Selling and marketing

 

 

16,391

 

 

 

13,452

 

General and administrative

 

 

10,824

 

 

 

7,241

 

Restructuring and severance

 

 

747

 

 

 

(49

)

Total operating expenses:

 

 

35,197

 

 

 

26,790

 

Loss from operations

 

 

(1,865

)

 

 

(4,630

)

Non-operating income (expense):

 

 

 

 

 

 

 

 

Interest expense, net

 

 

(1,518

)

 

 

(2,590

)

Loss on extinguishment of debt, net

 

 

(1,369

)

 

 

(788

)

Foreign currency gains (losses), net

 

 

204

 

 

 

(358

)

Loss before income taxes and noncontrolling  interest

 

$

(4,548

)

 

$

(8,366

)

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 is as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

Americas

 

$

60,153

 

 

$

40,018

 

Europe and the Middle East

 

 

9,943

 

 

 

7,887

 

Asia-Pacific

 

 

8,046

 

 

 

12,314

 

Total

 

$

78,142

 

 

$

60,219

 

Revenues:

 

 

 

 

 

 

 

 

Americas

 

 

77

%

 

 

67

%

Europe and the Middle East

 

 

13

%

 

 

13

%

Asia-Pacific

 

 

10

%

 

 

20

%

Total

 

 

100

%

 

 

100

%

Long-Lived Assets by Geographic Location

Long-lived assets by geographic location as of December 31, 2018 and 2017 are as follows (in thousands):

 

 

 

December 31,

 

 

 

2018

 

 

2017

 

Property and equipment, net:

 

 

 

 

 

 

 

 

Americas

 

$

1,060

 

 

$

868

 

Europe and the Middle East

 

 

43

 

 

 

89

 

Asia-Pacific

 

 

1,521

 

 

 

1,086

 

Total property and equipment, net

 

$

2,624

 

 

$

2,043

 

Summary of Company's Net Revenues

 

The Company’s net revenue is represented by the following product categories as of December 31, 2018 and 2017 (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

Physical access and identity control readers

 

$

21,680

 

 

$

18,601

 

Controller panels

 

 

14,509

 

 

 

14,637

 

Access cards and provisioning

 

 

14,237

 

 

 

8,396

 

Tags and transponders

 

 

12,953

 

 

 

13,089

 

Video technology and analytics

 

 

6,293

 

 

 

 

Services

 

 

6,152

 

 

 

3,816

 

Third party access control products

 

 

1,205

 

 

 

1,014

 

Software

 

 

1,113

 

 

 

666

 

Total

 

$

78,142

 

 

$

60,219