Revenue Recognition (Tables)
|
9 Months Ended |
Sep. 30, 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):
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
|
|
2023 |
|
|
2022 |
|
Undelivered elements (training, installation, product
and support services) |
|
$ |
364 |
|
|
$ |
447 |
|
Extended warranty contracts |
|
|
2,063 |
|
|
|
2,082 |
|
Total deferred revenue |
|
|
2,427 |
|
|
|
2,529 |
|
Less: long-term portion of deferred revenue |
|
|
(236 |
) |
|
|
(418 |
) |
Deferred revenue — current |
|
$ |
2,191 |
|
|
$ |
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 |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
United States |
|
$ |
7,298 |
|
|
$ |
8,413 |
|
|
$ |
24,797 |
|
|
$ |
24,290 |
|
International |
|
|
3,623 |
|
|
|
3,597 |
|
|
|
10,877 |
|
|
|
10,121 |
|
Net revenue |
|
$ |
10,921 |
|
|
$ |
12,010 |
|
|
$ |
35,674 |
|
|
$ |
34,411 |
|
|
| 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, |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Revenue recognized over time |
|
$ |
1,366 |
|
|
$ |
2,076 |
|
|
$ |
3,950 |
|
|
$ |
4,406 |
|
Revenue recognized at a point in time |
|
|
9,555 |
|
|
|
9,934 |
|
|
|
31,724 |
|
|
|
30,005 |
|
Net revenue |
|
$ |
10,921 |
|
|
$ |
12,010 |
|
|
$ |
35,674 |
|
|
$ |
34,411 |
|
|
| 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, |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
End-customer |
|
$ |
7,298 |
|
|
$ |
8,413 |
|
|
$ |
24,797 |
|
|
$ |
24,290 |
|
Distributors |
|
|
3,623 |
|
|
|
3,597 |
|
|
|
10,877 |
|
|
|
10,121 |
|
Net revenue |
|
$ |
10,921 |
|
|
$ |
12,010 |
|
|
$ |
35,674 |
|
|
$ |
34,411 |
|
|