BIOLASE, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2019

Summary of Opening and Closing Balances of Contract Liabilities

The Company performs its obligations under a contract with a customer by transferring products and/or services in exchange for consideration from the customer. The Company typically invoices its customers as soon as control of an asset is transferred and a receivable for the Company is established. The Company, however, recognizes a contract liability when a customer prepays for goods and/or services and the Company has not transferred control of the goods and/or services. The opening and closing balances of the Company’s contract liabilities are as follows (in thousands):


	March 31,		December 31,
	2019		2018
Undelivered elements (training, installation, product and support services)		625		730
Extended warranty contracts		1,879		1,735
Deferred royalties		9		11
Total deferred revenue		2,513		2,476
Less long-term portion of deferred revenue		—		—
Total deferred revenue — long -term		—		—
Deferred revenue — current	$	2,513	$	2,476

Summary of Disaggregation of Revenues Related to Geographic Areas

The Company’s revenues related to the following geographic areas were as follows for the periods indicated (in thousands):

	Three Months Ended
	March 31,
	2019		2018
United States	$	6,116	$	5,693
International		4,210		4,327
	$	10,326	$	10,020

Summary of Revenues Disaggregated by Timing of Goods and Services Transferred

Information regarding revenues disaggregated by the timing of when goods and services are transferred is as follows (in thousands):

	Three Months Ended
	March 31,
	2019		2018
Revenue recognized over time	$	1,698	$	1,700
Revenue recognized at a point in time		8,628		8,320
Total	$	10,326	$	10,020

Summary of Sales by End Market

The Company’s sales by end market were as follows for the periods indicated (in thousands):

	Three Months Ended
	March 31,
	2019		2018
End-customer	$	6,346	$	6,107
Distributors		3,980		3,913
	$	10,326	$	10,020

Summary of Percentages of Sales by Product line

The percentages of the Company’s sales by product line were as follows for the periods indicated:

	Three Months Ended
	March 31,
	2019			2018
Waterlase (laser systems)	31.8		%		35.0	%
Diodes (laser systems)		26.0	%		22.0	%
Imaging systems		5.3	%	5.8		%
Consumables and other		20.5	%	20.3		%
Services	16.4		%	16.9		%
License fees and royalties		—	%		—	%
		100.0	%		100.0	%

Revenue from the Company’s products for the three months ended March 31, 2019 and 2018 are as follows (dollars in thousands):

	Three Months Ended
	March 31,
	2019				2018
Laser systems	$	5,964	57.8	%	$	5,703	57.0	%
Imaging systems		552	5.3	%		583	5.8	%
Consumables and other		2,112	20.5	%		2,034	20.3	%
Services		1,695	16.4	%		1,697	16.9	%
License fees and royalties		3	—	%		3	—	%
Total revenue	$	10,326	100.0	%	$	10,020	100.0	%