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Segment reporting and concentrations (Tables)

3 Months Ended

Mar. 31, 2025

Segment reporting and concentrations

Reconciliation of Assets from Segment to Consolidated

The measure of segment assets is reported on the balance sheet as total consolidated assets shown in the table below (in thousands):

​

​	​	​	​	​	​	​
​		March 31, 2025			December 31, 2024*
Total assets:		​			​
DDS	​	$	102,723	​	$	91,588
Synodex	​		4,743	​		4,790
Agility(1)	​		17,744	​		17,071
Total Consolidated	​	$	125,210	​	$	113,449

​

*Prior period segment assets of DDS, Synodex and Agility segments have been reclassified to align with the current period presentation, with no impact on the Company’s consolidated results.

(1) Agility assets include goodwill of $2.0 million for each of the periods ended March 31, 2025 and December 31, 2024.

(2) Segment assets consist of cash, receivables, prepaid and other assets, property and equipment, right of-use-assets, deferred income tax and intangibles.

Segment information for other significant income statement

The table below shows segment information for other significant income statement items (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended March 31, 2025

​

​

DDS

​

​

Synodex

Agility

Total

Revenues

$

50,831

$

2,013

​

$

5,500

​

$

58,344

Direct operating costs (1) (3)

​

​

31,102

​

​

1,461

​

​

2,529

​

​

35,092

Gross profit

​

19,729

​

552

​

​

2,971

​

​

23,252

Selling and administrative expenses (2) (4)

​

11,594

​

286

​

​

3,100

​

​

14,980

Segment operating income

​

​

8,135

​

​

266

​

​

(129)

​

​

8,272

Interest income, net

​

(127)

​

-

​

​

-

​

​

(127)

Income (loss) before provision for income taxes

​

$

8,262

​

$

266

​

$

(129)

​

$

8,399

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended March 31, 2024

​

​

DDS

Synodex

Agility

Total

Revenues

$

19,705

$

1,871

​

$

4,928

​

$

26,504

Direct operating costs (1) (3)

​

​

13,147

​

​

1,472

​

​

2,250

​

​

16,869

Gross profit

​

​

6,558

​

​

399

​

​

2,678

​

​

9,635

Selling and administrative expenses (2) (4)

​

​

5,795

​

​

123

​

​

2,387

​

​

8,305

Segment operating income

​

​

763

​

​

276

​

​

291

​

​

1,330

Interest (income) expense, net

​

​

(85)

​

​

-

​

​

1

​

​

(84)

Income before provision for income taxes

​

$

848

​

$

276

​

$

290

​

$

1,414

​

(1) Direct operating costs consist of direct and indirect labor costs, occupancy costs, data center hosting fees, cloud services, content acquisition costs, depreciation and amortization, travel, telecommunications, computer services and supplies, realized (gain) loss on forward contracts, foreign currency revaluation (gain) loss, recruitment costs and other direct expenses that are incurred in providing services to our customers.

(2) Selling and administrative expenses consist of payroll and related costs including commissions, bonuses, and stock-based compensation; marketing, advertising, trade conferences and related expenses; new services research and related software development expenses, software subscriptions, professional and consultant fees, provision for credit losses and other administrative overhead expenses.

(3) Includes non-cash expenses which consist mainly of depreciation, amortization of capitalized software development costs and stock-based compensation expense.

(4) Includes non-cash expenses which consist mainly of stock-based compensation expense.

Schedule of revenue by geographic region

Revenues for the three-month periods ended March 31, 2025, and 2024 by geographic region (determined based upon customer’s domicile), were as follows (in thousands):

​

​	​	​	​	​	​	​
​	​	For the Three Months Ended
​	​	March 31,
​		2025			2024
United States	​	$	48,897	​	$	17,872
Canada	​		2,723	​		2,226
United Kingdom	​		2,426	​		2,249
The Netherlands	​	​	2,165	​	​	2,039
Others - principally other European countries	​		2,133	​		2,118
Totals	​	$	58,344	​	$	26,504

Schedule of long-lived assets by geographic region

Long-lived assets as of March 31, 2025 and December 31, 2024 by geographic region were comprised of (in thousands):

​

​	​	​	​	​	​	​
​		March 31,			December 31,
​		2025			2024
United States	​	$	10,633	​	$	10,182
​	​		​	​		​
Foreign countries:	​		​	​		​
Canada	​		6,214	​		6,265
United Kingdom	​		784	​		806
Philippines	​		3,606	​		3,532
India	​		2,367	​		2,251
Sri Lanka	​		621	​		587
Israel	​		74	​		63
Germany	​	​	4	​	​	4
Total foreign	​		13,670	​		13,508
Totals	​	$	24,303	​	$	23,690

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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