| Schedule of Total Net Revenues |
The following table represents total net revenue based on where customers are physically located (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
|
|
Americas |
|
$ |
65,494 |
|
|
$ |
61,673 |
|
|
$ |
136,082 |
|
|
$ |
151,546 |
|
Europe and Middle East |
|
|
15,921 |
|
|
|
16,478 |
|
|
|
39,009 |
|
|
|
40,938 |
|
Asia Pacific |
|
|
3,288 |
|
|
|
2,306 |
|
|
|
8,149 |
|
|
|
8,651 |
|
Total net revenue |
|
$ |
84,703 |
|
|
$ |
80,457 |
|
|
$ |
183,240 |
|
|
$ |
201,135 |
|
|
| Schedule of Significant Expenses of Reportable Segment |
The following table reflects the significant expenses of the Company's reportable segment for the following periods (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
|
|
Net revenue |
|
$ |
84,703 |
|
|
$ |
80,457 |
|
|
$ |
183,240 |
|
|
$ |
201,135 |
|
Significant segment expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
55,109 |
|
|
|
50,399 |
|
|
|
120,489 |
|
|
|
129,448 |
|
Sales |
|
|
7,158 |
|
|
|
5,843 |
|
|
|
18,539 |
|
|
|
17,998 |
|
Marketing |
|
|
7,830 |
|
|
|
6,670 |
|
|
|
23,409 |
|
|
|
19,699 |
|
Research and development |
|
|
4,553 |
|
|
|
4,161 |
|
|
|
13,940 |
|
|
|
12,625 |
|
General and administrative |
|
|
5,340 |
|
|
|
7,541 |
|
|
|
19,654 |
|
|
|
23,111 |
|
Other (recovery) costs (1) |
|
|
(1,172 |
) |
|
|
476 |
|
|
|
(1,564 |
) |
|
|
(8,320 |
) |
Operating income (loss) |
|
|
5,885 |
|
|
|
5,367 |
|
|
|
(11,227 |
) |
|
|
6,574 |
|
Interest expense, net |
|
|
2,707 |
|
|
|
3,718 |
|
|
|
7,742 |
|
|
|
7,773 |
|
Other expense (income), net |
|
|
213 |
|
|
|
(322 |
) |
|
|
185 |
|
|
|
780 |
|
Income tax (benefit) expense |
|
|
(1,421 |
) |
|
|
254 |
|
|
|
(1,023 |
) |
|
|
(101 |
) |
Net income (loss) |
|
|
4,386 |
|
|
$ |
1,717 |
|
|
|
(18,131 |
) |
|
$ |
(1,878 |
) |
(1) Other (recovery) costs in the three and nine months ended September 30, 2026 and 2025 include acquisition-related costs and an insurance recovery.
|