Revenue Recognition (Tables)
|
9 Months Ended |
Sep. 30, 2024 |
|---|
| Revenue Recognition [Abstract] |
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| 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, |
|
|
|
2024 |
|
|
2023 |
|
Undelivered elements (training and installation) |
|
$ |
511 |
|
|
$ |
449 |
|
Extended warranty contracts |
|
|
1,935 |
|
|
|
2,259 |
|
Total deferred revenue |
|
|
2,446 |
|
|
|
2,708 |
|
Less: long-term portion of deferred revenue |
|
|
(220 |
) |
|
|
(256 |
) |
Deferred revenue — current |
|
$ |
2,226 |
|
|
$ |
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):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
United States |
|
$ |
8,246 |
|
|
$ |
7,298 |
|
|
$ |
23,176 |
|
|
$ |
24,797 |
|
International |
|
|
2,604 |
|
|
|
3,623 |
|
|
|
9,360 |
|
|
|
10,877 |
|
Net revenue |
|
$ |
10,850 |
|
|
$ |
10,921 |
|
|
$ |
32,536 |
|
|
$ |
35,674 |
|
|
| 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, |
|
|
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
Revenue recognized over time |
|
$ |
1,257 |
|
|
$ |
1,366 |
|
|
$ |
4,457 |
|
|
$ |
3,950 |
|
Revenue recognized at a point in time |
|
|
9,593 |
|
|
|
9,555 |
|
|
|
28,079 |
|
|
|
31,724 |
|
Net revenue |
|
$ |
10,850 |
|
|
$ |
10,921 |
|
|
$ |
32,536 |
|
|
$ |
35,674 |
|
|
| 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, |
|
|
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
End-customer |
|
$ |
8,246 |
|
|
$ |
7,298 |
|
|
$ |
23,176 |
|
|
$ |
24,797 |
|
Distributors |
|
|
2,604 |
|
|
|
3,623 |
|
|
|
9,360 |
|
|
|
10,877 |
|
Net revenue |
|
$ |
10,850 |
|
|
$ |
10,921 |
|
|
$ |
32,536 |
|
|
$ |
35,674 |
|
|