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Note 18 - Segment Information | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | 18. Segment information The Company manages its business activities on a consolidated basis and operates in a single operating segment. Its products and services are sold throughout the world, through direct and indirect sales channels. The Company’s chief operating decision maker (the “CODM”) is the Chief Executive Officer. The CODM makes operating performance assessment and resource allocation decisions on a consolidated basis. The CODM does not review assets in evaluating the results of the segment. The accounting policies of the segment are the same as those described in “Note 2 - Summary of Significant Accounting Policies”. The CODM assesses performance for the consolidated entity and decides how to allocate resources based on net income (loss) reported on the consolidated statements of operations. The CODM uses net income (loss) to monitor budgeted versus actual results and to conduct competitive analysis by benchmarking against industry peers. Additionally, net income (loss) serves as a basis for making strategic decisions, such as acquisitions and reinvestments into business, and establishing management compensation linked to segment performance. The following table sets forth the information about the Company’s reported segment revenue, segment profit or loss, and significant segment expenses:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Revenue: |  | $ | 330,482 |  |  | $ | 271,825 |  |  | $ | 232,339 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
People expenses |  |  | 185,686 |  |  |  | 163,138 |  |  |  | 154,387 |
Stock based compensation |  |  | 39,059 |  |  |  | 36,048 |  |  |  | 37,218 |
Cloud and server hosting services expenses |  |  | 32,496 |  |  |  | 29,188 |  |  |  | 22,574 |
Marketing expenses |  |  | 12,709 |  |  |  | 12,400 |  |  |  | 12,746 |
Other segment items (1) |  |  | 89,674 |  |  |  | 52,552 |  |  |  | 44,102 |
Net loss |  | $ | (29,142 | ) |  | $ | (21,501 | ) |  | $ | (38,688 | )
(1) The other segment items category includes professional services, rent, software maintenance, travel, depreciation and amortization, certain overhead expense, and mark-to-market of earn-out shares liabilities and warrant liabilities. Revenue by geography is based upon the billing address of the customer. All transfers between geographic regions have been eliminated from consolidated revenue. The following table sets forth revenue by geographic area:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 135,870 |  |  | $ | 118,490 |  |  | $ | 102,025 |
EMEA |  |  | 99,256 |  |  |  | 81,753 |  |  |  | 71,635 |
APAC |  |  | 95,356 |  |  |  | 71,582 |  |  |  | 58,679 |
Total revenue |  | $ | 330,482 |  |  | $ | 271,825 |  |  | $ | 232,339 |
﻿The following table sets forth revenue generated by countries which represent more than 10% of total consolidated revenue:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 135,288 |  |  | $ | 115,799 |  |  | $ | 100,870 |
Singapore |  |  | 43,113 |  |  |  | 30,974 |  |  |  | 21,915 |
Germany |  |  | 41,765 |  |  |  | 35,775 |  |  |  | 30,625 |
The following table sets forth property and equipment, net held within the United States, China and foreign countries:
|  | December 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
|  | (in thousands) |
Property and equipment, net: |  |  |  |  |  |  |  |
United States |  | $ | 953 |  |  | $ | 1,137 |
China |  |  | 1,193 |  |  |  | 1,915 |
Other |  |  | 3,143 |  |  |  | 2,066 |
Total property and equipment, net |  | $ | 5,289 |  |  | $ | 5,118 |

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