Revenue

6 Months Ended

Jun. 30, 2024

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, patent, and royalty agreements with some customers.

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Distributor	$	9,227	$	12,365	$	19,514	$	25,207
Non-distributor		1,409		3,382		5,552		5,386
Total revenue	$	10,636	$	15,747	$	25,066	$	30,593

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Point in time	$	10,062	$	13,790	$	21,029	$	27,660
Over time		574		1,957		4,037		2,933
Total revenue	$	10,636	$	15,747	$	25,066	$	30,593

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Product sales	$	9,887	$	13,406	$	20,747	$	27,183
Licensing		306		1,899		3,527		2,817
Royalties		175		236		282		329
Patents		-		—		—		—
Other revenue		268		206		510		264
Total revenue	$	10,636	$	15,747	$	25,066	$	30,593

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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
APAC	$	6,310	$	7,964	$	13,240	$	15,555
North America		3,051		4,517		5,843		8,847
EMEA		1,275		3,266		5,983		6,191
Total revenue	$	10,636	$	15,747	$	25,066	$	30,593