XML 37 R27.htm IDEA: XBRL DOCUMENT
v3.23.3

Revenue from Contracts with Customers (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Revenues disaggregated by geography, major product line and timing of revenue recognition | The following tables present the Company’s revenues disaggregated by major products and services, geographical region and timing of revenue recognition:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
(In thousands) |  |  |  |  |  |  |
Subscription | $ | 26,185 |  |  | $ | 22,262 |  |  | $ | 79,126 |  |  | $ | 65,360 |
Maintenance and support | 12,271 |  |  | 12,851 |  |  | 35,035 |  |  | 36,975 |
Professional services and other (1) | 1,543 |  |  | 2,220 |  |  | 4,666 |  |  | 6,101 |
Hardware products | 18,839 |  |  | 19,814 |  |  | 53,351 |  |  | 53,948 |
Total Revenue | $ | 58,838 |  |  | $ | 57,147 |  |  | $ | 172,178 |  |  | $ | 162,384 |
(1) Professional services and other includes perpetual software licenses revenue, which was less than 2% of total revenue for the three and nine months ended September 30, 2023, respectively, and less than 3% of total revenue for the three and nine months ended September 30, 2022, respectively. Revenue by location of customer for the Three and Nine Months Ended September 30, 2023 and 2022 We classify our sales by customer location in three geographic regions: 1) EMEA, which includes Europe, Middle East and Africa; 2) the Americas, which includes North, Central, and South America; and 3) Asia Pacific (APAC), which includes Australia, New Zealand, and India. The breakdown of revenue in each of our major geographic areas was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
(In thousands, except percentages) |  |  |  |  |  |  |
Revenue |  |  |  |  |  |  |
EMEA | $ | 26,233 |  |  | $ | 25,999 |  |  | $ | 80,592 |  |  | $ | 74,396 |
Americas | 19,999 |  |  | 20,394 |  |  | 58,828 |  |  | 56,972 |
APAC | 12,606 |  |  | 10,754 |  |  | 32,758 |  |  | 31,016 |
Total revenue | $ | 58,838 |  |  | $ | 57,147 |  |  | $ | 172,178 |  |  | $ | 162,384 |
% of Total Revenue |  |  |  |  |  |  |
EMEA | 45 | % |  | 45 | % |  | 47 | % |  | 46 | %
Americas | 34 | % |  | 36 | % |  | 34 | % |  | 35 | %
APAC | 21 | % |  | 19 | % |  | 19 | % |  | 19 | %
Timing of revenue recognition
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Products and Licenses transferred at a point in time | $ | 31,732 |  |  | $ | 31,280 |  |  | $ | 95,461 |  |  | $ | 89,496 |
Services transferred over time | 27,106 |  |  | 25,867 |  |  | 76,717 |  |  | 72,888 |
Total Revenue | $ | 58,838 |  |  | $ | 57,147 |  |  | $ | 172,178 |  |  | $ | 162,384 |
Schedule of changes in contract assets and contract liabilities | The following table provides information about receivables, contract assets and contract liabilities from contracts with customers as of September 30, 2023 and December 31, 2022:
| September 30, |  | December 31,
(In thousands) | 2023 |  | 2022
Receivables, inclusive of trade and unbilled | $ | 38,667 |  |  | $ | 65,132 |
Contract Assets (current and non-current) | $ | 5,096 |  |  | $ | 4,642 |
Contract Liabilities (Deferred Revenue current and non-current) | $ | 55,329 |  |  | $ | 70,906 |
Schedule of estimated revenue expected to be recognized in the future | The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of September 30, 2023:
(In thousands) | 2023 |  | 2024 |  | 2025 |  | Beyond 2025 |  | Total
Future revenue related to current unsatisfied performance obligations | $ | 12,040 |  |  | $ | 30,733 |  |  | $ | 16,271 |  |  | $ | 10,340 |  |  | $ | 69,384 |
Schedule of information related to the capitalized costs and amortization recognized in the current and prior period | The following tables provide information related to the capitalized costs and amortization recognized in the current and prior period:
(In thousands) | September 30, 2023 |  | December 31, 2022
Capitalized costs to obtain contracts, current | $ | 3,284 |  |  | $ | 2,929 |
Capitalized costs to obtain contracts, non-current | $ | 10,322 |  |  | $ | 10,571 |
| Three Months Ended September 30, | Nine Months Ended September 30,
(In thousands) | 2023 |  | 2022 | 2023 |  | 2022
Amortization of capitalized costs to obtain contracts | $ | 801 |  |  | $ | 641 |  | $ | 2,286 |  |  | $ | 1,731 |
Impairments of capitalized costs to obtain contracts | $ | — |  |  | $ | — |  | $ | — |  |  | $ | — |

X
- Definition Tabular disclosure of contract balances and changes in contract balances. + References No definition available. + Details
Name: | ospn_ChangeInContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | ospn_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost capitalized in obtaining or fulfilling contract with customer. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 340 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479483/340-40-50-3 + Details
Name: | us-gaap_CapitalizedContractCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration