v3.26.1
Revenue
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue

Note 15. Revenue

Disaggregated revenues are as follows (in thousands):

 

 

 

Three months ended March 31,

 

 

 

2026

 

 

2025

 

By Market Group:

 

 

 

 

 

 

Enterprise

 

$

4,952

 

 

$

4,341

 

Consumer

 

 

5,614

 

 

 

6,401

 

Automotive

 

 

945

 

 

 

1,271

 

Total sales

 

$

11,511

 

 

$

12,013

 

 

 

 

 

 

 

 

By Geography:

 

 

 

 

 

 

North America

 

$

5,756

 

 

$

5,221

 

China (including Hong Kong and Taiwan)

 

 

5,641

 

 

 

6,512

 

Rest of the world

 

 

114

 

 

 

280

 

Total sales

 

$

11,511

 

 

$

12,013

 

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

 

 

 

 

Products and services transferred at a point in time

 

$

10,912

 

 

$

11,188

 

Products and services transferred over time

 

 

599

 

 

 

825

 

Total sales

 

$

11,511

 

 

$

12,013

 

Contract liabilities are deferred revenues that were recorded when advance payments were received for remaining performance obligations that are recognized over time. The contract liabilities were $0.1 million each as of March 31, 2026 and December 31, 2025.

The Company has recorded sales return reserves based on analysis of historical return trends. As of March 31, 2026 and December 31, 2025, the Company had $0.2 million sales return reserves included in accrued liabilities and other on the consolidated balance sheets.

We have stock rotation return rights arrangements with certain customers to return a limited percentage of product. Estimated allowances for stock rotation were $0.1 million as of March 31, 2026, and December 31, 2025, and are included in the accrued liabilities in the accompanying condensed consolidated balance sheets.