RE:RE:Q3 results Subscription Revenue and Services
Revenue from the subscription revenue and services segment includes: (a) application software subscription- based revenue (MobiKEY, ActionPLAN, Powered by MobiNET, DerivID and MobiENCRYPT); (b) DEFIMNET platform and other appliance licensing or yearly maintenance; (c) technology as a service (“TaaS”) under term contracts; and (d) other services.
For the three months ended September 30, 2021, revenue from the subscription revenue and services segment was $2,296,633, representing a decrease of $302,792, from $2,599,425, for the same period in 2020. The increase was the result of a shift in focus and demand for our subscription and services.
Subscription revenue and services, as a percentage of total revenue, represented 31.5% for the current period compared to 28.4% for the prior year period.