Revenue (Tables)

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table shows the disaggregation of the Company’s revenues by major customer location. Revenues are attributed to geographic regions based upon billed client location. Substantially all of the revenue in our North America region relates to operations in the United States.

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Customer Location	(in thousands)
North America	$	61,944	$	63,658	$	125,893	$	121,267
Europe	15,251		13,596		31,145		27,331
Other	147		81		384		147
Total Revenues	$	77,342	$	77,335	$	157,422	$	148,745

The following table shows the disaggregation of the Company’s revenues by main vertical markets:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Vertical	(in thousands)
Retail	$	26,032	$	25,452	$	51,428	$	48,759
Technology, Media and Telecom	24,096		23,391		50,907		44,835
CPG/Manufacturing(1)	10,872		16,090		23,518		31,069
Finance	6,748		5,049		13,263		9,576
Other	9,594		7,353		18,306		14,506
Total Revenues	$	77,342	$	77,335	$	157,422	$	148,745

__________________________

(1)CPG stands for Consumer Packaged Goods

The following table shows the disaggregation of the Company’s revenues by contract types:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Contract Type	(in thousands)
Time-and-material	$	69,143	$	71,002	$	139,669	$	136,208
Fixed-fee	7,731		6,333		17,285		12,537
Other revenues	468		—		468		—
Total Revenues	$	77,342	$	77,335	$	157,422	$	148,745

Schedules of Concentration of Risk, by Risk Factor

The following table shows the amount of revenue derived from each customer exceeding 10% of the Company’s revenue:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Customer 1	14.0	%	11.9	%	13.9	%	11.6	%
Customer 2	n/a		11.1	%	n/a		10.7	%

The following table shows number of customers exceeding 10% of the Company’s billed and unbilled receivable balances:

	As of
	June 30, 2023	December 31, 2022
Accounts receivable	1	2
Unbilled receivable	2	2