Annual report [Section 13 and 15(d), not S-K Item 405]

Revenue

v3.26.1
Revenue
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue

3. Revenue

Disaggregation of Revenue

The following table sets forth our net revenue by category:
 

 

 

Year ended December 31,

 

(in thousands)

 

2025

 

 

2024

 

Software subscriptions and services

 

$

2,271

 

 

$

1,907

 

Advertising

 

 

282

 

 

 

1,282

 

Net revenues

 

$

2,553

 

 

$

3,189

 

We generate revenue in domestic and foreign regions and attribute net revenue to individual countries based on the location of the contracting entity. Revenue by geographic location is as follows:
 

 

Year ended December 31,

 

(in thousands)

 

2025

 

 

2024

 

Net revenues

 

 

 

 

 

 

United States

 

$

2,508

 

 

$

3,171

 

International

 

 

45

 

 

 

18

 

Net revenues

 

$

2,553

 

 

$

3,189

 

 

The following table sets forth our concentration of revenue sources as a percentage of total net revenues:

 

 

Year ended December 31,

 

 

2025

 

 

2024

 

Customer B

 

 

12

%

 

 

0

%

Customer C

 

 

24

%

 

 

15

%

Customer F

 

 

0

%

 

 

10

%

 

Customer B and C above were from our software subscriptions and services operating segment, whereas Customer F was from our Advertising operating segment.

Deferred Revenue

Deferred revenue consists of customer billings or payments received in advance of the recognition of revenue under arrangements with customers. We recognize deferred revenue as revenue only when revenue recognition criteria are met. During the year ended December 31, 2025, we recognized revenue of $1.21 million that was included in our deferred revenue balance as of December 31, 2024. Remaining performance obligations were $4.19 million as of December 31, 2025, of which we expect to recognize 48% as revenue over the next 12 months and the remainder thereafter.