CUSTOMER AND GEOGRAPHIC INFORMATION

12 Months Ended

Dec. 31, 2024

CUSTOMER AND GEOGRAPHIC INFORMATION:

CUSTOMER AND GEOGRAPHIC INFORMATION

12. 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 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,
	2024		2023		2022
Total revenues	$	179,465	$	165,835	$	148,549
Costs of revenues	$	54,144	$	51,749	$	47,907
Gross profit	$	125,321	$	114,086	$	100,642
Net income (loss)	$	4,057	$	3,105	$	(3,429)

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	2024		2023		2022
A	19	%	35	%	31	%
B	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	2024		2023
A	21	%	39	%
B	13		*	%
C	11		*	%
D	*		11	%
E	12	%	*	%

* represents less than 10%

Revenues from customers by geographic area based on the location of the customers’ work sites were as follows (in thousands):

	Year Ended December 31,
	2024				2023					2022
			Percentage				Percentage					Percentage
	Revenues		of Revenues		Revenues		of Revenues		$	Revenues		of Revenues
United States	$	74,341	41	%	$	92,798	56	%		$	73,625	50	%
Japan		37,427	21	%		10,465	6	%			13,916	9	%
China		22,102	12	%		26,488	16	%			24,494	16	%
Taiwan		9,257	5	%		9,339	6	%			7,995	6	%
Rest of the world		36,338	21	%		26,745	16	%			28,519	19	%
Total revenue	$	179,465	100	%	$	165,835	100	%		$	148,549	100	%

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

	December 31,
	2024		2023
United States (1)	$	58,782	$	45,619
Rest of the world		1,461		1,362
Total long-lived assets, net	$	60,243	$	46,981

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