Note 2 - Revenue

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

2. REVENUE 

Disaggregation of Revenue

In the following table, revenue is disaggregated by type of revenue for the three and nine months ended September 30, 2024 and 2023:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2024		2023		2024		2023
License	$	1,420	$	-	$	1,420	$	1,794
Professional services		7,006		6,432		19,805		22,127
Processing and maintenance		6,067		5,814		17,912		16,933
Third party		1,210		1,153		3,439		2,993
Total	$	15,703	$	13,399	$	42,576	$	43,847

Foreign revenues are based on the location of the customer. Revenues from customers by geographic area for the three and nine months ended September 30, 2024 and 2023 are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2024		2023		2024		2023
United States	$	14,997	$	12,777	$	40,754	$	42,307
Middle East		678		588		1,740		1,452
European Union		28		34		82		88
Total	$	15,703	$	13,399	$	42,576	$	43,847

Concentration of Revenue

The following table indicates the percentage of consolidated revenue represented by each customer that represented more than 10 percent of consolidated revenue in the three and nine month periods ended September 30, 2024 and 2023. Most of our customers have multi-year contracts with recurring revenue as well as professional services fees that vary by period depending on their business needs.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Customer A		64	%		62	%		62	%		68	%