Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.22.2.2
Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2022
Revenue Recognition [Abstract]  
Summary of Opening and Closing Balances of Contract Liabilities The opening and closing balances of the Company’s contract liabilities are as follows (in thousands):

 

 

 

September 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Undelivered elements (training, installation, product
   and support services)

 

$

366

 

 

$

835

 

Extended warranty contracts

 

 

1,851

 

 

 

1,753

 

Total deferred revenue

 

 

2,217

 

 

 

2,588

 

Less: long-term portion of deferred revenue

 

 

(347

)

 

 

(329

)

Deferred revenue — current

 

$

1,870

 

 

$

2,259

 

Summary of Disaggregation of Revenues Related to Geographic Areas

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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

United States

 

$

8,413

 

 

$

5,939

 

 

$

24,290

 

 

$

17,024

 

International

 

 

3,597

 

 

 

3,592

 

 

 

10,121

 

 

 

9,756

 

Total net revenue

 

$

12,010

 

 

$

9,531

 

 

$

34,411

 

 

$

26,780

 

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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenue recognized over time

 

$

2,076

 

 

$

1,116

 

 

$

4,406

 

 

$

3,269

 

Revenue recognized at a point in time

 

 

9,934

 

 

 

8,415

 

 

 

30,005

 

 

 

23,511

 

Net revenue

 

$

12,010

 

 

$

9,531

 

 

$

34,411

 

 

$

26,780

 

Summary of Sales by End Market

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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

End-customer

 

$

8,413

 

 

$

5,939

 

 

$

24,290

 

 

$

17,024

 

Distributors

 

 

3,597

 

 

 

3,592

 

 

 

10,121

 

 

 

9,756

 

Net revenue

 

$

12,010

 

 

$

9,531

 

 

$

34,411

 

 

$

26,780