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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Reconciliation of segment information to the totals reported in the accompanying consolidated financial statements
The tables below set forth information about the Company’s reportable operating segments for the three and six months ended June 30, 2024 and 2023, along with the items necessary to reconcile the segment information to the totals reported in the accompanying condensed consolidated financial statements.
Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands, except percentages)2024202320242023
Digital Agreements
Revenue$15,463 $11,862 $29,876 $23,414 
Gross profit (1)$9,741 $8,583 $19,632 $17,031 
Gross margin63 %72 %66 %73 %
Operating loss (2)$(155)$(7,121)$(420)$(13,154)
Security Solutions
Revenue$45,461 $43,871 $95,891 $89,926 
Gross profit (3)$30,600 $25,711 $68,104 $56,549 
Gross margin67 %59 %71 %63 %
Operating income (4)$20,693 $8,523 $46,571 $24,154 
Total Company:
Revenue$60,924 $55,733 $125,767 $113,340 
Gross profit$40,341 $34,294 $87,736 $73,580 
Gross margin66 %62 %70 %65 %
Statements of Operations reconciliation:
Segment operating income$20,538 $1,402 $46,151 $11,000 
Corporate operating expenses not allocated at the segment level12,901 19,166 24,404 36,894 
Operating income (loss)$7,637 $(17,764)$21,747 $(25,894)
Interest income, net521 585 622 1,088 
Other income (expense), net331 29 622 (11)
Income (loss) before income taxes$8,489 $(17,150)$22,991 $(24,817)
(1) Digital Agreements gross profit includes intangible asset write-off of $0.8 million and internal capitalized software write-off of $0.7 million (see Note 7, Intangible Assets and Note 8, Property and Equipment, net ) for the three and six months ended June 30, 2024.
(2) Digital Agreements operating loss includes $0.6 million and $1.1 million of amortization of intangible assets expense for the three and six months ended June 30, 2024, respectively, and $0.6 million and $1.1 million of amortization of intangible assets expense for the three and six months ended June 30, 2023, respectively.
(3) Security Solutions gross profit includes $1.6 million of inventory impairments related to discontinuation of investments in our Digipass CX product for the three and six months ended June 30, 2023 (see Note 5, Inventories, net).
(4) Security Solutions operating income includes $1.6 million of inventory impairments and $1.4 million of capitalized software write-offs related to discontinuation of investments in our Digipass CX product for the three and six months ended June 30, 2023 (see Note 5, Inventories, net and Note 8, Property and Equipment, net).
Reconciliation of the disaggregated revenues to revenues from our two operating segments
The following tables illustrate the disaggregation of revenues by category and services, including a reconciliation of the disaggregated revenues to revenues from the Company’s two reportable operating segments for the three and six months ended June 30, 2024 and 2023:
Three Months Ended June 30,
20242023
(In thousands)Digital AgreementsSecurity SolutionsDigital AgreementsSecurity Solutions
Subscription$14,785 $14,857 $10,486 $12,499 
Maintenance and support490 9,742 1,130 10,473 
Professional services and other (1)188 1,123 246 1,253 
Hardware products— 19,739 — 19,646 
Total Revenue$15,463 $45,461 $11,862 $43,871 
Six Months Ended June 30,
20242023
(In thousands)Digital AgreementsSecurity SolutionsDigital AgreementsSecurity Solutions
Subscription$28,597 $41,039 $20,834 $32,107 
Maintenance and support994 19,808 2,126 20,638 
Professional services and other (1)285 2,728 454 2,669 
Hardware products— 32,316 — 34,512 
Total Revenue$29,876 $95,891 $23,414 $89,926 
(1) Professional services and other includes perpetual software licenses revenue, which was approximately 1% of total revenue for both the three and six months ended June 30, 2024 and approximately 1% of total revenue for both the three and six months ended June 30, 2023.