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SEGMENT AND GEOGRAPHIC INFORMATION
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION SEGMENT AND GEOGRAPHIC INFORMATION
The Company operates in one reportable segment, as more fully described in Note 2. The Company’s CODM reviews and allocates resources using the Company’s financial performance, primarily the net loss presented in the consolidated statements of operations. Other financial performance measures include Annual Contract Value (ACV), ACV plus royalties and remaining performance obligations. The CODM is regularly provided with only the consolidated expenses as noted on the face of the consolidated statements of operations, that are considered as significant expenses, as summarized below:
Year ended December 31,
20242023
(in thousands)
Total revenue
$57,724 $53,666 
Less:
Cost of revenue
5,962 5,077 
Research and development 
45,007 45,128 
Sales and marketing
20,796 20,659 
General and administrative
17,555 17,944 
Other*
3,156 3,347 
Loss from equity method investment, net of tax2,698 3,397 
Provision for income taxes
2,500 1,677 
Net loss
$(33,638)$(36,869)
* Represents interest expense and other income (expense), net
Refer to Note 2 for information about customers which account for more than 10% of total revenue. Refer to Note 3 for a summary of revenue by major product and service group.
The following table summarizes revenues by geographic area based on customer location (in thousands):
Year Ended December 31,
20242023
Americas
$22,697 39.4 %
(1)
$19,237 35.9 %
(1)
Asia Pacific
27,808 48.1 
(2)
27,976 52.1 
(2)
Europe, Middle East
7,219 12.5 6,453 12.0 
$57,724 100.0 %$53,666 100.0 %
(1) United States
$21,742 37.7 %$18,543 34.6 %
(1) Other Americas *
955 1.7 %694 1.3 %
(2) China
16,873 29.2 %16,696 31.1 %
(2) Korea
5,627 9.7 %6,429 12.0 %
(2) Other Asia Pacific*
5,308 9.2 %4,851 9.0 %
* Other countries individually less than 10%

The following table summarizes property and equipment, net by geographic area (in thousands):
As of December 31,
20242023
United States
$2,759 68.6 %$4,671 81.3 %
France
1,230 30.6 %1,066 18.6 %
Other30 0.7 %8 0.1 %
$4,019 100.0 %$5,745 100.0 %