| Schedule of disaggregation of revenue by geographic areas |
Disaggregated revenue data for those markets is as follows (in thousands): Revenue for the three months ended June 30, 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
EMEA |
|
APAC |
|
Total |
Products |
|
$ |
18,454 |
|
|
8,632 |
|
|
4,325 |
|
$ |
31,411 |
Services |
|
|
5,425 |
|
|
1,800 |
|
|
296 |
|
|
7,521 |
Total |
|
$ |
23,879 |
|
$ |
10,432 |
|
$ |
4,621 |
|
$ |
38,932 |
Revenue for the three months ended June 30, 2023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
EMEA |
|
APAC |
|
Total |
Products |
|
$ |
29,344 |
|
$ |
13,933 |
|
$ |
4,121 |
|
$ |
47,398 |
Services |
|
|
3,110 |
|
|
2,257 |
|
|
521 |
|
|
5,888 |
Total |
|
$ |
32,454 |
|
$ |
16,190 |
|
$ |
4,642 |
|
$ |
53,286 |
Revenue for the six months ended June 30, 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
EMEA |
|
APAC |
|
Total |
Products |
|
$ |
44,465 |
|
|
15,948 |
|
|
6,629 |
|
$ |
67,042 |
Services |
|
|
7,997 |
|
|
3,933 |
|
|
560 |
|
|
12,490 |
Total |
|
$ |
52,462 |
|
$ |
19,881 |
|
$ |
7,189 |
|
$ |
79,532 |
Revenue for the six months ended June 30, 2023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
EMEA |
|
APAC |
|
Total |
Products |
|
$ |
53,602 |
|
$ |
22,655 |
|
$ |
7,838 |
|
$ |
84,095 |
Services |
|
|
5,893 |
|
|
3,794 |
|
|
820 |
|
|
10,507 |
Total |
|
$ |
59,495 |
|
$ |
26,449 |
|
$ |
8,658 |
|
$ |
94,602 |
|
| Schedule of disaggregation of revenue |
During the three and six months ended June 30, 2024 and 2023, 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 |
|
Six Months Ended |
|
|
June 30, |
|
June 30, |
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
Revenue recognized at a point in time |
|
$ |
31,411 |
|
$ |
47,398 |
|
$ |
67,042 |
|
$ |
84,095 |
Revenue recognized over time |
|
|
7,521 |
|
|
5,888 |
|
|
12,490 |
|
|
10,507 |
Total |
|
$ |
38,932 |
|
$ |
53,286 |
|
$ |
79,532 |
|
$ |
94,602 |
|
| Schedule of long lived assets |
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):
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
|
2024 |
|
2023 |
Americas |
|
$ |
30,953 |
|
$ |
46,390 |
EMEA |
|
|
12,877 |
|
|
13,320 |
APAC |
|
|
4,975 |
|
|
5,853 |
Total long-lived assets |
|
$ |
48,805 |
|
$ |
65,563 |
|