Company: AWRE
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038714
Chunk: 119

Company: AWARE INC /MA/
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 119
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 factors such as the nature of our products and services, customer base, distribution methods, and how the business is managed. Given that we provide a unified suite of biometric and identity solutions, serve a common customer base, and operate under a single management team with an integrated resource allocation strategy, we concluded that a single operating segment best represents how we manage the business.We do not allocate assets to individual business units or product lines for internal reporting purposes. Our CODM reviews the company’s assets on a consolidated basis, and as a result, we do not present segment asset information separately in our financial statements

42

We conduct our operations in the United States and sell our products and services to domestic and international customers.  Revenues were generated from the following geographic regions (in thousands):  

          Year endedDecember 31,

          2024

          2023

          United States
           
          $
          7,597

          $
          11,953

          United Kingdom

          4,720

          1,524

          Rest of world

          5,072

          4,767

          $
          17,389

          $
          18,244

         Revenue by product group was (in thousands): 

          Year endedDecember 31,

          2024

          2023

          License and service contracts
           
          $
          13,431

          $
          14,272

          Subscription-based contracts

          3,958

          3,972

          $
          17,389

          $
          18,244

        Revenue by product group consists of all revenue associated with a contract, including license revenue, maintenance revenue, and services and other revenue. Revenue may be recognized at a point in time or over time, depending on the nature of the underlying performance obligations. These revenues are attributable to contracts with fixed fees and those with guaranteed minimums.License and service contracts include revenue recognized from perpetual software licenses, professional services, and associated maintenance contracts. Subscription-based contracts include revenue from term licenses and their associated maintenance contracts, as well as SaaS-based revenue and other recurring subscription services.Revenue by timing of transfer of goods or services was (in thousands): 

          Year endedDecember 31,

          2024

          2023

          Goods or services transferred at a point in time
           
          $
          5,279

          $
          8,223

          Goods or services