Revenue

9 Months Ended

Sep. 30, 2022

Revenue.

Revenue

3. Revenue

The Company sells products to its distributors and original equipment manufacturers (OEMs). The Company also recognized revenue under licensing, patent, and royalty agreements with some customers.

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Distributor	$	13,986	$	9,143	$	37,586		24,644
Non-distributor		1,255		5,652		6,709		12,279
Total revenue	$	15,241	$	14,795	$	44,295	$	36,923

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Point in time	$	14,932	$	13,618	$	41,582		34,212
Over time		309		1,177		2,713		2,711
Total revenue	$	15,241	$	14,795	$	44,295	$	36,923

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Product sales	$	14,571	$	12,037	$	40,465	$	31,292
Licensing		52		1,108		1,398		2,293
Royalties		264		274		888		1,612
Other revenue		354		1,376		1,544		1,726
Total revenue	$	15,241	$	14,795	$	44,295	$	36,923

The Company recognizes revenue in three primary geographic regions: Asia-Pacific (APAC); North America; and Europe, Middle East and Africa (EMEA). The Company classifies revenue by geography based on the region in which the Company’s customer is located and to which the Company’s products are sold, and not to where the end products in which they are assembled are shipped. The Company’s revenue by region for the periods indicated was as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
APAC	$	10,030	$	8,523	$	27,634	$	23,474
North America		2,980		4,197		9,865		8,623
EMEA		2,231		2,075		6,796		4,826
Total revenue	$	15,241	$	14,795	$	44,295	$	36,923