v3.24.2
Segment Information
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information

Note 9. Segment Information

We have one reportable and operating segment: developing and selling of our RAIN products and services. We identified our operating segment based on how our chief operating decision-maker manages our business, makes operating decisions and evaluates our operating performance. Our chief executive officer acts as the chief operating decision-maker and reviews financial and operational information on an entity-wide basis. Accordingly, we have determined we have a single reportable and operating segment.

Our chief executive officer reviews information about our revenue categories, endpoint ICs, including licensing revenue, and systems, defined as reader ICs, readers, gateways, test and measurement solutions and software and cloud services. The following table presents our revenue categories for the indicated periods (in thousands):

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Endpoint ICs

$

89,392

 

 

$

64,905

 

 

$

150,898

 

 

$

131,954

 

Systems

 

13,103

 

 

 

21,081

 

 

 

28,422

 

 

 

39,929

 

Total revenue

$

102,495

 

 

$

85,986

 

 

$

179,320

 

 

$

171,883