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Revenue
6 Months Ended
Jun. 30, 2018
Revenue  
Revenue

4. Revenue

 

Adoption of ASU No. 2014-09

 

On January 1, 2018, the Company adopted ASU No. 2014-09 using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with Topic 605.

 

The Company sells the majority of its products to its distributors, but does recognize some revenue under licensing and royalty agreements. The following table presents the Company’s revenues disaggregated by sales channel, (in thousands):

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30, 2018

 

June 30, 2018

Distributor

 

$

8,386

 

$

16,531

Non-distributor

 

 

2,379

 

 

9,087

Total revenue

 

$

10,765

 

$

25,618

 

All of the Company's performance obligations and associated revenue are generally transferred to customers at a point in time, with the exception of certain revenue streams which are performed over time commensurate with the delivery of service. The following table presents the Company’s revenues disaggregated by timing of recognition (in thousands):

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30, 2018

 

June 30, 2018

Point in time

 

$

9,644

 

$

24,116

Over time

 

 

1,121

 

 

1,502

Total revenue

 

$

10,765

 

$

25,618

 

The following table presents the Company’s revenues disaggregated by type (in thousands):

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30, 2018

 

June 30, 2018

Product sales

 

$

9,449

 

$

18,814

License fees

 

 

 —

 

 

5,000

Royalties

 

 

195

 

 

302

Other revenue

 

 

1,121

 

 

1,502

Total revenue

 

$

10,765

 

$

25,618

 

The Company recognizes revenue in three primary geographic regions: North America; Europe, Middle East and Africa (EMEA); and Asia-Pacific and Japan (APJ). The following table presents the Company’s revenues disaggregated by the geographic region to which the product is delivered or licensee is located (in thousands):

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30, 2018

 

June 30, 2018

North America

 

$

2,379

 

$

4,110

EMEA

 

 

2,096

 

 

5,147

APJ

 

 

6,290

 

 

16,361

Total revenue

 

$

10,765

 

$

25,618