v3.25.1
Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information

Note 12. Segment Information

 

The Company operates in a single reportable segment. The entire business is managed by a single management team whose chief operating decision maker is the Chief Executive Officer, who evaluates segment performance based on operating income (loss) for purposes of allocating resources and evaluating financial performance.

The following table represents total net revenue based on where customers are physically located (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2025

 

 

2024

 

 

 

 

 

North America

 

$

46,984

 

 

$

42,159

 

Europe and Middle East

 

 

13,618

 

 

 

10,961

 

Asia Pacific

 

 

3,299

 

 

 

2,728

 

Total net revenues

 

$

63,901

 

 

$

55,848

 

 

The following table reflects the incremental disclosure requirements related to our adoption of ASU 2023-07 for the following periods (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2025

 

 

2024

 

 

 

 

 

Net revenue

 

$

63,901

 

 

$

55,848

 

Significant segment expenses:

 

 

 

 

 

 

Cost of revenue

 

 

40,534

 

 

 

38,062

 

Sales

 

 

6,024

 

 

 

4,077

 

Marketing

 

 

6,429

 

 

 

4,936

 

Research and development

 

 

3,993

 

 

 

3,902

 

General and administrative

 

 

8,216

 

 

 

5,674

 

Other costs (1)

 

 

(2,831

)

 

 

4,910

 

Operating income (loss)

 

 

1,536

 

 

 

(5,713

)

Reconciliation of segment operating income to net (loss) income:

 

 

 

 

 

 

Interest expense, net

 

 

2,006

 

 

 

150

 

Other non-operating expense, net

 

 

303

 

 

 

370

 

Income tax benefit

 

 

(109

)

 

 

(6,388

)

Net (loss) income

 

$

(664

)

 

$

155

 

 

 

 

 

 

 

 

 

 

(1) Other costs in the three months ended March 31, 2025 include acquisition-related costs and an insurance recovery. Other costs in the three months ended March 31, 2024 include acquisition-related costs.