Revenue

3 Months Ended

Mar. 31, 2024

Revenue.

Revenue

3. Revenue

The Company sells products to its distributors, original design manufacturers (ODMs), and original equipment manufacturers (OEMs). The Company also recognizes revenue under licensing, patent, and royalty agreements with some customers.

The following table presents the Company’s revenues disaggregated by sales channel (in thousands):

	Three Months Ended March 31,
	2024		2023
Distributor	$	10,287	$	12,842
Non-distributor		4,143		2,004
Total revenue	$	14,430	$	14,846

The following table presents the Company’s revenues disaggregated by timing of recognition (in thousands):

	Three Months Ended March 31,
	2024		2023
Point in time	$	10,967	$	13,870
Over time		3,463		976
Total revenue	$	14,430	$	14,846

The following table presents the Company’s revenues disaggregated by type (in thousands):

	Three Months Ended March 31,
	2024		2023
Product sales	$	10,860	$	13,777
Licensing		3,221		918
Royalties		107		93
Other revenue		242		58
Total revenue	$	14,430	$	14,846

The Company recognizes revenue in three primary geographic regions: Asia-Pacific (APAC); North America; and Europe, Middle East and Africa (EMEA). The Company recognizes revenue by geography based on the region in which the Company’s products are sold, and not to where the end products in which they are assembled are shipped. The Company’s revenue by region for the periods indicated was as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
APAC	$	6,930	$	7,591
North America		4,708		2,925
EMEA		2,792		4,330
Total revenue	$	14,430	$	14,846