v3.26.1
Note 10 - Customer and Geographic Information
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

10. CUSTOMER AND GEOGRAPHIC INFORMATION

 

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or group, in deciding how to allocate resources and in assessing performance.

 

The Company’s chief operating decision maker (“CODM”), the Chief Executive Officer, reviews discrete financial information including total revenues, gross profit, and net income (loss) presented on a consolidated basis for purposes of regularly making operating decisions about allocation of resources and financial performance assessment. Further, the CODM reviews and utilizes functional expenses (costs of revenues, research and development, and selling, general and administrative) at the consolidated level to manage the Company’s operations. Other segment items included in the condensed consolidated net income (loss) are amortization of acquired intangible assets, interest expense, interest income and other, net and income tax expense, which are reflected in the condensed consolidated statements of operations and comprehensive income (loss). Accordingly, because it does not distinguish between markets, the Company considers itself as one operating and reporting segment, specifically the provision of services for differentiated data and analytics solutions to the semiconductor and electronics industries.

 

The following table presents segment total revenues, costs of revenues, gross profit, income from operations, and net income (loss) for the periods presented (in thousands):

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Total revenues

 $61,529  $51,728  $121,659  $99,506 

Costs of revenues

 $19,107  $14,886  $36,045  $27,841 

Gross profit

 $42,422  $36,842  $85,614  $71,665 

Net income (loss)

 $4,271  $1,146  $9,062  $(1,886)

 

Revenues from individual customers, each of which was approximately 10% or more of the Company’s consolidated total revenues, were as follows:

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

 

Customer

 

2026

  

2025

  

2026

  

2025

 

A

  22%  19%  25%  17%

B

  *%  12%  *%  15%

C

  10%  17%  10%  14%

D

  19%  *   10%  *%

 

* represents less than 10%

 

Gross accounts receivable balances (including amounts that are unbilled) from individual customers, each of which was approximately 10% or more of the Company’s gross accounts receivable balance, were as follows:

 

  

June 30,

  

December 31,

 

Customer

 

2026

  

2025

 

A

  39%  39%

C

  22%  25%

 

Long-lived assets, net by geographic area were as follows (in thousands):

 

  

June 30,

  

December 31,

 
  

2026

  

2025

 

United States (1)

 $109,036  $94,426 

Rest of the world

  2,874   2,907 

Total long-lived assets, net

 $111,910  $97,333 

 

(1) Includes assets deployed at customer sites which could be outside the United States.