Current report filing

Segment Information

v3.20.4
Segment Information
 9 Months Ended
Sep. 30, 2020
Segment Information  
Segment Information

12. 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”). The Company anticipates additional products launching in the near term future, across those same markets. Disaggregated revenue data for those markets is as follows (in thousands):

Revenue during nine months ended September 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Americas

    

EMEA

    

APAC

    

Total

Product

 

$

2,372

 

$

2,411

 

$

1,330

 

$

6,113

Services

 

 

962

 

 

888

 

 

138

 

 

1,988

Total

 

$

3,334

 

$

3,299

 

$

1,468

 

$

8,101

 

Revenue during nine months ended September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Americas

    

EMEA

    

APAC

    

Total

Product

 

$

11,561

 

$

5,909

 

$

1,185

 

$

18,655

Services

 

 

1,851

 

 

341

 

 

29

 

 

2,221

Total

 

$

13,412

 

$

6,250

 

$

1,214

 

$

20,876

 

During the nine months ended September 30, 2020 and 2019, 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):

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

 

September 30, 

 

 

 

2020

    

2019

    

Revenue recognized at a point in time

 

$

6,113

 

$

18,655

 

Revenue recognized over time

 

 

1,988

 

 

2,221

 

Total

 

$

8,101

 

$

20,876

 

 

For the nine months ended September 30, 2020 and 2019, no single customer accounted for more than 10% of the Company’s consolidated revenue.

The Company’s long‑lived assets are substantially all located in the United States where the Company’s primary operations are located.