Revenue

9 Months Ended

Sep. 30, 2023

Revenue.

Revenue

3. Revenue

The Company sells products to its distributors, original design manufacturers (ODMs), and original equipment manufacturers (OEMs). The Company also recognizes revenue under licensing, royalty, patent, and other 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,
	2023		2022		2023		2022
Distributor	$	12,964	$	13,986	$	38,171	$	37,586
Non-distributor		3,502		1,255		8,888		6,709
Total revenue	$	16,466	$	15,241	$	47,059	$	44,295

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,
	2023		2022		2023		2022
Point in time	$	13,825	$	14,932	$	41,485	$	41,582
Over time		2,641		309		5,574		2,713
Total revenue	$	16,466	$	15,241	$	47,059	$	44,295

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Product sales	$	13,543	$	14,571	$	40,726	$	40,465
Licensing		1,893		52		4,710		1,398
Royalties		232		264		561		888
Other revenue		798		354		1,062		1,544
Total revenue	$	16,466	$	15,241	$	47,059	$	44,295

The Company recognizes revenue in three primary geographic regions: Asia-Pacific (APAC); North America; and Europe, Middle East and Africa (EMEA). The Company recognizes revenue by geography based on the region in 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,
	2023		2022		2023		2022
APAC	$	8,663	$	10,030	$	24,218	$	27,634
North America		4,607		2,980		10,798		9,865
EMEA		3,196		2,231		12,043		6,796
Total revenue	$	16,466	$	15,241	$	47,059	$	44,295