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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Segment Reporting Information by Reportable Segment | The following table presents the Company’s revenue and gross margin by reportable segment for the three months ended June 30, 2023 and 2022:
|  | Revenue(1) |  |  | Gross Margin |
(In thousands of U.S. Dollars) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Content Solutions |  | $ | 31,290 |  |  | $ | 29,544 |  |  | $ | 19,996 |  |  | $ | 17,354 |
Technology Products and Services |  |  | 63,976 |  |  |  | 42,857 |  |  |  | 36,411 |  |  |  | 25,709 |
Sub-total for reportable segments |  |  | 95,266 |  |  |  | 72,401 |  |  |  | 56,407 |  |  |  | 43,063 |
All Other(2) |  |  | 2,713 |  |  |  | 1,567 |  |  |  | 1,480 |  |  |  | 973 |
Total |  | $ | 97,979 |  |  | $ | 73,968 |  |  | $ | 57,887 |  |  | $ | 44,036 |
The following table presents the Company’s revenue and gross margin by reportable segment for the six months ended June 30, 2023 and 2022:
|  | Revenue(1) |  |  | Gross Margin |
(In thousands of U.S. Dollars) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Content Solutions |  | $ | 63,391 |  |  | $ | 50,532 |  |  | $ | 37,991 |  |  | $ | 29,979 |
Technology Products and Services |  |  | 115,643 |  |  |  | 80,720 |  |  |  | 66,302 |  |  |  | 44,125 |
Sub-total for reportable segments |  |  | 179,034 |  |  |  | 131,252 |  |  |  | 104,293 |  |  |  | 74,104 |
All Other(2) |  |  | 5,891 |  |  |  | 2,752 |  |  |  | 3,645 |  |  |  | 1,703 |
Total |  | $ | 184,925 |  |  | $ | 134,004 |  |  | $ | 107,938 |  |  | $ | 75,807 |
(1) The Company’s largest customer represents 11% and 8% of total Revenues for the three and six months ended June 30, 2023, respectively (2022 — 17% and 15%, respectively). No single customer comprises more than 10% of the Company’s total Accounts Receivable as of June 30, 2023 and December 31, 2022. (2) All Other includes the results from IMAX Enhanced, SSIMWAVE, and other ancillary activities.
Summary of Revenues By Geographic Area | The following table summarizes the Company’s revenues by geographic area for the three months ended June 30, 2023 and 2022:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(In thousands of U.S. Dollars) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
United States |  | $ | 32,799 |  |  | $ | 33,646 |  |  | $ | 59,552 |  |  | $ | 52,713 |
Greater China |  |  | 19,112 |  |  |  | 11,237 |  |  |  | 45,678 |  |  |  | 32,713 |
Western Europe |  |  | 19,810 |  |  |  | 10,701 |  |  |  | 29,978 |  |  |  | 17,762 |
Asia (excluding China) |  |  | 15,955 |  |  |  | 11,357 |  |  |  | 26,607 |  |  |  | 17,124 |
Canada |  |  | 4,102 |  |  |  | 2,543 |  |  |  | 11,298 |  |  |  | 4,429 |
Latin America |  |  | 2,833 |  |  |  | 1,968 |  |  |  | 4,436 |  |  |  | 3,740 |
Rest of the World |  |  | 3,368 |  |  |  | 2,516 |  |  |  | 7,376 |  |  |  | 5,523 |
Total |  | $ | 97,979 |  |  | $ | 73,968 |  |  | $ | 184,925 |  |  | $ | 134,004 |

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- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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