Note 13 - Customer and Geographic Information

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

13. CUSTOMER AND GEOGRAPHIC INFORMATION

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or group, in deciding how to allocate resources and in assessing performance.

The Company’s chief operating decision maker (“CODM”), the Chief Executive Officer, reviews discrete financial information including total revenues, gross profit, and net income (loss) presented on a consolidated basis for purposes of regularly making operating decisions about allocation of resources and financial performance assessment. Further, the CODM reviews and utilizes functional expenses (costs of revenues, research and development, and selling, general and administrative) at the consolidated level to manage the Company’s operations. Other segment items included in consolidated net income (loss) are amortization of acquired intangible assets, interest and other expense (income), net and income tax expense, which are reflected in the Consolidated Statements of Operations and Comprehensive Income (Loss). Accordingly, the Company considers itself as one operating and reporting segment because it does not distinguish between markets, specifically the provision of services for differentiated data and analytics solutions to the semiconductor and electronics industries.

The following table presents segment total revenues, gross profit, and net income (loss) for the periods presented (in thousands):

	Year Ended December 31,
	2025			2024		2023
Total revenues	$	219,024		$	179,465	$	165,835
Costs of revenues	$	60,623		$	54,144	$	51,749
Gross profit	$	158,401		$	125,321	$	114,086
Net income (loss)	$	(640	)	$	4,057	$	3,105

Revenues from individual customers that are approximately 10% or more of the Company’s consolidated total revenues are as follows:

	Year Ended December 31,
Customer	2025			2024			2023
A		30	%		19	%		35	%
B		13	%		12	%		*	%
C		10	%		*	%		*	%

*         represents less than 10%

Gross accounts receivable balances (including amounts that are unbilled) from individual customers that are approximately 10% or more of the Company’s gross accounts receivable balance are as follows:

	December 31,
Customer	2025			2024
A		39	%		21	%
B		*	%		13	%
C		25	%		11	%
E		*	%		12	%

*         represents less than 10%

Long-lived assets, net by geographic area were as follows (in thousands):

	December 31,
	2025		2024
United States (1)	$	94,426	$	58,782
Rest of the world		2,907		1,461
Total long-lived assets, net	$	97,333	$	60,243

(1) Includes assets deployed at customer sites which could be outside the U.S.