Annual report pursuant to Section 13 and 15(d)

SEGMENT INFORMATION

v3.21.1
SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2020
SEGMENT INFORMATION  
SEGMENT INFORMATION

19. 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 during the year ended December 31, 2020

    

Americas

    

EMEA

    

APAC

    

Total

Product

$

5,250

$

6,629

$

1,839

$

13,718

Services

 

1,415

 

1,159

 

178

 

2,752

Total

$

6,665

$

7,788

$

2,017

$

16,470

Revenue during the year ended December 31, 2019

    

Americas

    

EMEA

    

APAC

    

Total

Product

$

12,746

$

8,430

$

1,582

$

22,758

Services

 

3,055

 

563

 

63

 

3,681

Total

$

15,801

$

8,993

$

1,645

$

26,439

During the years ended December 31, 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):

Years Ended

December 31, 

    

2020

    

2019

Revenue recognized at a point in time

$

13,718

$

22,758

Revenue recognized over time

 

2,752

 

3,681

Total

$

16,470

$

26,439

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