Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.23.1
SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2023
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, 2023

    

Americas

    

EMEA

    

APAC

    

Total

Products

$

24,258

$

8,722

$

3,717

$

36,697

Services

 

2,783

 

1,537

 

299

 

4,619

Total

$

27,041

$

10,259

$

4,016

$

41,316

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

During the three months ended March 31, 2023 and 2022, 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, 

2023

    

2022

Revenue recognized at a point in time

$

36,697

$

39,476

Revenue recognized over time

 

4,619

 

4,230

Total

$

41,316

$

43,706

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, 

2023

2022

Americas

$

46,339

$

56,145

EMEA

16,270

16,399

APAC

6,441

5,874

Total long-lived assets

$

69,050

$

78,418