| Schedule of Total Revenue by Region |
The following table sets forth the Company’s total revenue by region for the periods indicated. | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31, | | | 2023 | | 2024 | | 2025 | | | (in thousands) | | Asia : | | | | | | | | China (including Hong Kong) | | $ | 21,702 | | | $ | 11,458 | | | $ | 7,261 | | | Taiwan | | 29 | | | 468 | | | 893 | | | Japan | | 49 | | | 696 | | | 1,960 | | | Rest of Asia | | 43 | | | 47 | | | 436 | | | Total Asia | | 21,823 | | | 12,669 | | | 10,550 | | | Germany | | 1,001 | | | 687 | | | 629 | | | France | | 1,285 | | | 1,405 | | | 2,957 | | | United States of America | | 8,666 | | | 20,368 | | | 9,248 | | | Rest of world (no single country representing more than 10%) | | 841 | | | 1,702 | | | 2,941 | | | Total revenue | | $ | 33,616 | | | $ | 36,831 | | | $ | 26,325 | |
Of our total revenue, 88.8% is attributable to international sales for the year ended December 31, 2025 (96.2% for 2024 and 96.2% for 2023). The Company categorizes its total revenue based on technology. | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31, | | | 2023 | | 2024 | | 2025 | | | (in thousands) | | Cellular IoT systems | | $ | 33,616 | | | $ | 36,831 | | | $ | 22,709 | | | Radio transceivers for all wireless systems | | — | | | — | | | 3,616 | | | Total revenue | | $ | 33,616 | | | $ | 36,831 | | | $ | 26,325 | |
Additionally, the Company categorizes its total revenue based on product, license and services revenue. | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31, | | | 2023 | | 2024 | | 2025 | | | (in thousands) | | Product revenue, transferred at a point of time | | $ | 8,060 | | | $ | 12,007 | | | $ | 15,489 | | | License revenue, transferred at a point of time | | 2,846 | | | 19,353 | | | 8,036 | | | License revenue, transferred over time | | 20,151 | | | 3,230 | | | — | | | Development and other services transferred at a point of time | | 23 | | | — | | | 1,164 | | | Development and other services transferred over time | | 2,536 | | | 2,241 | | | 1,062 | | | Royalties | | — | | | — | | | 574 | | | Total revenue | | $ | 33,616 | | | $ | 36,831 | | | $ | 26,325 | |
|