15. Revenues and Other Related Items

 

Disaggregated Revenues

 

The Company disaggregates revenue from contracts with customers by geography and product grouping, as it believes this best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.

 

The Company’s revenue by geography (based on customer address) is as follows:

 

  

Year Ended September 30,

 

Revenues:

 

2025

  

2024

 

United States

 $13,109  $12,824 

International

  2,274   2,534 
  $15,383  $15,358 

 

The largest concentration within the Company’s international revenue geography is within Canada.

 

Long-lived assets located in foreign jurisdictions aggregated approximately $0.6 million and $1.0 million as of September 30, 2025 and 2024, respectively.

 

The Company’s revenue by type is as follows:

 

  

Years Ended September 30,

 

Revenues:

 

2025

  

2024

 

Subscription - SaaS

 $10,339  $10,699 

Subscription - Maintenance

  415   437 

Subscription - Hosting

  1,601   998 

Services

  3,028   3,224 
  $15,383  $15,358 

 

Deferred Revenue

 

Amounts that have been invoiced are recognized in accounts receivable, deferred revenue or revenue, depending on whether the revenue recognition criteria have been met. Deferred revenue represents amounts billed for which revenue has not yet been recognized. Deferred revenue that will be recognized during the succeeding 12-month period is recognized as current deferred revenue and the remaining portion is recognized as noncurrent deferred revenue and is included in Other long-term liabilities.

 

The following table summarizes the classification and net change in deferred revenue as of and for the years ended September 30, 2025 and 2024:

 

  

Deferred Revenue

 
  

Current

  

Long Term

 

Balance as of October 1, 2023

 $2,084  $345 

Increase (decrease)

  105   - 

Balance as of September 30, 2024

  2,189   345 

Increase (decrease)

  73   (61)

Balance as of September 30, 2025

 $2,262  $284 

 

Historical Timeline

Fiscal YearFiled
2025Dec 19, 2025Showing above
2024Dec 26, 2024
2023Dec 27, 2023
2022Dec 21, 2022
2021Dec 20, 2021
2020Dec 23, 2020
2019Dec 27, 2019

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.