Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

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Revenue Recognition (Tables)
 3 Months Ended
Mar. 31, 2024
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,

 

 

 

2024

 

 

2023

 

Undelivered elements (training and installation)

 

$

406

 

 

$

449

 

Extended warranty contracts

 

 

2,160

 

 

 

2,259

 

Total deferred revenue

 

 

2,566

 

 

 

2,708

 

Less: long-term portion of deferred revenue

 

 

(223

)

 

 

(256

)

Deferred revenue — current

 

$

2,343

 

 

$

2,452

 
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,

 

 

 

2024

 

 

2023

 

United States

 

$

6,690

 

 

$

6,758

 

International

 

 

3,441

 

 

 

3,709

 

Net revenue

 

$

10,131

 

 

$

10,467

 
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,

 

 

 

2024

 

 

2023

 

Revenue recognized over time

 

$

1,487

 

 

$

1,169

 

Revenue recognized at a point in time

 

 

8,644

 

 

 

9,298

 

Net revenue

 

$

10,131

 

 

$

10,467

 
Summary of Sales by End Market

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

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

End-customer

 

$

6,690

 

 

$

6,758

 

Distributors

 

 

3,441

 

 

 

3,709

 

Net revenue

 

$

10,131

 

 

$

10,467