Segments

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Segments

Segments

The Company’s operations consist of three reportable segments based on similar economic characteristics, the nature of products and production processes, end-use markets, channels of distribution, and regulatory environments: Indoor Intelligence, SAVES, and Shoom.

The Company completed the Enterprise Apps Spin-off during the three months ended March 31, 2023. Design Reactor was entirely part of the Indoor Intelligence business segment. As a result, the Company met the requirements of ASC 205-20 to report the results of the Design Reactor business as discontinued operations. The operating results for Design Reactor have been reclassified to discontinued operations and are no longer reported in the Indoor Intelligence business segment. See Note 25 for further details. There were no changes to the Company's reportable segments as result of the Enterprise Apps Spin-off.

Gross profit is the primary measure of segment profitability used by the Company’s Chief Operating Decision Maker ("CODM").

Revenues and gross profit segments consisted of the following (in thousands):

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2023		2022		2023		2022
Revenue by Segment
Indoor Intelligence	$	782	$	1,327	$	3,531	$	4,061
SAVES	760		591		2,221		2,051
Shoom	474		517		1,425		1,548
Total segment revenue	$	2,016	$	2,435	$	7,177	$	7,660
Gross profit by Segment
Indoor Intelligence	$	488	$	882	$	2,379	$	2,623
SAVES	665		341		1,938		1,315
Shoom	412		456		1,228		1,313
Gross profit by Segment	$	1,565	$	1,679	$	5,545	$	5,251
Income (loss) from operations by Segment
Indoor Intelligence	$	(9,259)	$	(5,169)	$	(24,108)	$	(19,304)
Saves	(51)		(438)		(490)		(1,817)
Shoom	228		144		677		573
Loss from operations by Segment	$	(9,082)	$	(5,463)	$	(23,921)	$	(20,548)

The reporting package provided to the Company's CODM does not include the measure of assets by segment as that information isn't reviewed by the CODM when assessing segment performance or allocating resources.