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Segment Reporting, Geographic Information, and Concentration of Credit Risk (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Information Regarding Net Revenue and Gross Profit by Segment | Net revenue and gross profit information by segment for the three months ended March 31, 2024 and 2023 are as follows (in thousands):
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Identity: |  |  |  |  |  |
Net revenue |  | $ | 12,835 |  |  | $ | 14,678 |
Gross profit |  |  | 2,834 |  |  |  | 3,079 |
Gross profit margin |  |  | 22 | % |  |  | 21 | %
Premises: |  |  |  |  |  |
Net revenue |  |  | 9,659 |  |  |  | 11,319 |
Gross profit |  |  | 5,558 |  |  |  | 6,132 |
Gross profit margin |  |  | 58 | % |  |  | 54 | %
Total: |  |  |  |  |  |
Net revenue |  |  | 22,494 |  |  |  | 25,997 |
Gross profit |  |  | 8,392 |  |  |  | 9,211 |
Gross profit margin |  |  | 37 | % |  |  | 35 | %
Operating expenses: |  |  |  |  |  |
Research and development |  |  | 3,011 |  |  |  | 2,707 |
Selling and marketing |  |  | 5,302 |  |  |  | 6,097 |
General and administrative |  |  | 4,252 |  |  |  | 2,948 |
Restructuring and severance |  |  | 22 |  |  |  | 191 |
Total operating expenses: |  |  | 12,587 |  |  |  | 11,943 |
Loss from operations |  |  | (4,195 | ) |  |  | (2,732 | )
Non-operating income (expense): |  |  |  |  |  |
Interest expense, net |  |  | (87 | ) |  |  | (50 | )
Foreign currency gains (losses), net |  |  | (256 | ) |  |  | 89 |
Loss before income tax provision |  | $ | (4,538 | ) |  | $ | (2,693 | )
Information Regarding Net Revenue by Geographic Region | Geographic Information Geographic net revenue is based on the customer’s ship-to location. Information regarding net revenue by geographic region for the three months ended March 31, 2024 and 2023 is as follows (in thousands):
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Americas |  | $ | 16,504 |  |  | $ | 21,628 |
Europe and the Middle East |  |  | 3,998 |  |  |  | 2,984 |
Asia-Pacific |  |  | 1,992 |  |  |  | 1,385 |
Total |  | $ | 22,494 |  |  | $ | 25,997 |
As percentage of net revenue: |  |  |  |  |  |
Americas |  |  | 73 | % |  |  | 83 | %
Europe and the Middle East |  |  | 18 | % |  |  | 12 | %
Asia-Pacific |  |  | 9 | % |  |  | 5 | %
Total |  |  | 100 | % |  |  | 100 | %
Long-Lived Assets by Geographic Location | Long-lived assets by geographic location as of March 31, 2024 and December 31, 2023 are as follows (in thousands):
|  | March 31, 2024 |  |  | December 31, 2023 |
Property and equipment, net: |  |  |  |  |  |
Americas |  | $ | 667 |  |  | $ | 711 |
Europe and the Middle East |  |  | 500 |  |  |  | 519 |
Asia-Pacific |  |  | 7,665 |  |  |  | 8,090 |
Total property and equipment, net |  | $ | 8,832 |  |  | $ | 9,320 |
Operating lease ROU assets: |  |  |  |  |  |
Americas |  | $ | 2,623 |  |  | $ | 2,836 |
Europe and the Middle East |  |  | 316 |  |  |  | 371 |
Asia-Pacific |  |  | 1,817 |  |  |  | 2,007 |
Total operating lease right-of-use assets |  | $ | 4,756 |  |  | $ | 5,214 |

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- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph b -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
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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 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph a -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + 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 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: 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 3: 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 4: 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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