Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.23.1
Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2023
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):

 

 

 

March 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

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

 

$

376

 

 

$

447

 

Extended warranty contracts

 

 

2,061

 

 

 

2,082

 

Total deferred revenue

 

 

2,437

 

 

 

2,529

 

Less: long-term portion of deferred revenue

 

 

(355

)

 

 

(418

)

Deferred revenue — current

 

$

2,082

 

 

$

2,111

 

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

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

United States

 

$

6,758

 

 

$

6,978

 

International

 

 

3,709

 

 

 

3,188

 

Total net revenue

 

$

10,467

 

 

$

10,166

 

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,

 

 

 

2023

 

 

2022

 

Revenue recognized over time

 

$

1,169

 

 

$

1,121

 

Revenue recognized at a point in time

 

 

9,298

 

 

 

9,045

 

Net revenue

 

$

10,467

 

 

$

10,166

 

Summary of Sales by End Market

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

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

End-customer

 

$

6,758

 

 

$

6,978

 

Distributors

 

 

3,709

 

 

 

3,188

 

Net revenue

 

$

10,467

 

 

$

10,166