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Segment Reporting and Geographical Concentration
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting and Geographical Concentration Segment Reporting and Geographical Concentration
The Company manages its operations through an evaluation of a consolidated business segment that solves semiconductor design challenges by offering affordable and competitive TCAD software, EDA software and design IP to support engineers and researchers across the globe. The chief operating decision maker, who is the Company’s Chief Executive Officer, reviews financial information presented on a consolidated basis for the purpose of allocating resources and evaluating financial performance. As such, the Company’s operations constitute a single operating segment and one reportable segment.
Revenue is attributed to geography based upon the country in which the software license is used, or maintenance and services are delivered. The Company's single reportable segment recorded customer revenue from the following geographical areas for the three months ended March 31, 2024 and 2023:
March 31,
Region20242023
(in thousands)
Japan$4,755 $2,310 
United States4,062 4,865 
China1,731 2,680 
Korea1,092 1,178 
All other4,249 3,258 
Total revenue$15,889 $14,291 
Property and equipment are attributed to geography based on the country where the assets are located. The following table presents a summary of property and equipment by region as of March 31, 2024 and December 31, 2023:
March 31,December 31,
Region20242023
(in thousands)
United States$221 $242 
Japan179 74 
China143 152 
All other countries113 123 
Total property and equipment$656 $591