REVENUE

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

The following table presents the Company’s revenue by business category for the periods presented.


	Three Months Ended September 30,								Nine Months Ended September 30,
	2024		%		2023		%		2024		%		2023		%
Consumer	$	31,919	85	%	$	34,494	85	%	$	113,237	79	%	$	115,125	83	%
Institutional	5,429		14	%	5,580		14	%	28,451		20	%	22,474		16	%
Other (a)	182		1	%	222		1	%	553		1	%	716		1	%
Revenue	$	37,530	100	%	$	40,296	100	%	$	142,241	100	%	$	138,315	100	%

(a)Other consists of EduNation Limited, a company incorporated in England and Wales, and other services.

Contract liabilities are reported within “Deferred revenue” on the Company’s Condensed Consolidated Balance Sheets. Deferred revenue consists of advanced payments from customers for performance obligations that have not been satisfied. Deferred revenue is recognized when the performance obligations have been completed. The Company expects to recognize substantially all of the deferred revenue balance in the next twelve months. The following table presents the Company’s

“Accounts receivable, net” and “Deferred revenue” reported on the Condensed Consolidated Balance Sheets for the periods presented.


	September 30, 2024		December 31, 2023
Accounts receivable, net	$	7,424	$	15,398
Deferred revenue	$	15,687	$	20,480

“Accounts receivable, net” is reported net of reserves of $643 and $544 as of September 30, 2024 and December 31, 2023, respectively.