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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of reconciliation of segment information to the totals reported in the accompanying consolidated financial statements | The tables below set forth information about the Company’s operating segments for the three months ended March 31, 2025 and 2024, along with the items necessary to reconcile the segment information to the totals reported in the accompanying condensed consolidated financial statements.
| Three Months Ended March 31, 2025
(In thousands, except percentages) | Security Solutions |  | Digital Agreements |  | Corporate and Other |  | Total
Revenue | $ | 47,713 |  |  | $ | 15,653 |  |  | $ | — |  |  | $ | 63,366 |
Cost of goods sold | 11,628 |  |  | 4,647 |  |  | — |  |  | 16,275 |
Gross profit | 36,085 |  |  | 11,006 |  |  | — |  |  | 47,091 |
Gross margin | 76 | % |  | 70 | % |  | * |  | 74 | %
Sales and marketing | 6,872 |  |  | 3,402 |  |  | 1,183 |  |  | 11,457 |
Research and development | 4,919 |  |  | 3,006 |  |  | 3 |  |  | 7,928 |
Other segment items (1)(3) | 134 |  |  | 1,231 |  |  | 9,159 |  |  | 10,524 |
Operating income (loss) (2)(4) | 24,160 |  |  | 3,367 |  |  | (10,345) |  |  | 17,182 |
Interest income, net |  |  |  |  |  |  | 692 |
Other income (expense), net |  |  |  |  |  |  | (9) |
Income before income taxes |  |  |  |  |  |  | $ | 17,865 |
| Three Months Ended March 31, 2024
(In thousands, except percentages) | Security Solutions |  | Digital Agreements |  | Corporate and Other |  | Total
Revenue | $ | 50,429 |  |  | $ | 14,414 |  |  | $ | — |  |  | $ | 64,843 |
Cost of goods sold | 12,926 |  |  | 4,522 |  |  | — |  |  | 17,448 |
Gross profit | 37,503 |  |  | 9,892 |  |  | — |  |  | 47,395 |
Gross margin | 74 | % |  | 69 | % |  | * |  | 73 | %
Sales and marketing | 6,544 |  |  | 5,230 |  |  | 1,153 |  |  | 12,927 |
Research and development | 4,000 |  |  | 4,231 |  |  | 28 |  |  | 8,259 |
Other segment items (1)(3) | 1,081 |  |  | 696 |  |  | 10,322 |  |  | 12,099 |
Operating income (loss) (2)(4) | 25,878 |  |  | (265) |  |  | (11,503) |  |  | 14,110 |
Interest income, net |  |  |  |  |  |  | 101 |
Other income (expense), net |  |  |  |  |  |  | 291 |
Income before income taxes |  |  |  |  |  |  | $ | 14,502 |
*Percentage not meaningful. (1) Security Solutions other segment items includes general and administrative expense and restructuring and other related charges for the three months ended March 31, 2025 and 2024. (2) Security Solutions operating income includes $0.2 million of total amortization and depreciation expense for both the three months ended March 31, 2025 and 2024. Security Solutions operating income includes $0.2 million and $1.1 million of restructuring and other related charges for the three months ended March 31, 2025 and 2024, respectively. (3) Digital Agreements other segment items includes general and administrative expense, restructuring and other related charges, and amortization of intangibles for the three months ended March 31, 2025 and 2024. (4) Digital Agreements operating income (loss) includes $1.7 million and $1.6 million of total amortization and depreciation expense for the three months ended March 31, 2025 and 2024, respectively. Digital Agreements operating income (loss) includes $0.2 million and $0.1 million of restructuring and other related charges for the three months ended March 31, 2025 and 2024, respectively.
Information regarding geographic areas | 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 months ended March 31, 2025 and 2024:
| Three Months Ended March 31,
| 2025 |  | 2024
(In thousands) | Security Solutions |  | Digital Agreements |  | Security Solutions |  | Digital Agreements
Subscription | $ | 28,072 |  |  | $ | 15,545 |  |  | $ | 26,182 |  |  | $ | 13,812 |
Maintenance and support | 7,984 |  |  | 24 |  |  | 10,066 |  |  | 505 |
Professional services and other (1) | 594 |  |  | 84 |  |  | 1,605 |  |  | 97 |
Hardware products | 11,063 |  |  | — |  |  | 12,576 |  |  | — |
Total Revenue | $ | 47,713 |  |  | $ | 15,653 |  |  | $ | 50,429 |  |  | $ | 14,414 |
(1) Professional services and other includes perpetual software licenses revenue, which was immaterial for the three months ended March 31, 2025 and approximately 1% of total revenue for the three months ended March 31, 2024.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + 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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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