Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.22.1
SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2022
SEGMENT INFORMATION  
SEGMENT INFORMATION

22. SEGMENT INFORMATION

In its operation of the business, management, including the Company’s chief operating decision maker, who is also Chief Executive Officer, reviews the business as one segment. The Company currently ships its product to markets in the Americas, Europe Middle East and Africa (“EMEA”), and Asia Pacific (“APAC”). Disaggregated revenue data for those markets is as follows (in thousands):

Revenue for the three months ended March 31, 2022

    

Americas

    

EMEA

    

APAC

    

Total

Products

$

27,929

$

8,593

$

2,954

$

39,476

Services

 

2,806

 

1,200

 

224

 

4,230

Total

$

30,735

$

9,793

$

3,178

$

43,706

Revenue for the three months ended March 31, 2021

    

Americas

    

EMEA

    

APAC

    

Total

Products

$

5,854

$

2,526

$

1,931

$

10,311

Services

 

705

 

215

 

82

 

1,002

Total

$

6,559

$

2,741

$

2,013

$

11,313

During the three months ended March 31, 2022 and 2021, the Company recognized the following revenue from service contracts and cloud-based software licenses over time, and hardware and consumable product shipments and subscription software at a point in time (in thousands):

Three Months Ended

March 31, 

    

2022

    

2021

Revenue recognized at a point in time

$

39,476

$

10,311

Revenue recognized over time

 

4,230

 

1,002

Total

$

43,706

$

11,313

The Company’s operations are principally in the United States. The locations of long-lived assets, including property, plant and equipment, net and operating lease right-of-use assets, are summarized as follows (in thousands):

March 31, 

December 31, 

2022

2021

Americas

$

57,703

$

58,355

EMEA

18,296

11,289

APAC

6,371

6,861

Total long-lived assets

$

82,370

$

76,505