Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.21.2
SEGMENT INFORMATION
9 Months Ended
Sep. 30, 2021
SEGMENT INFORMATION  
SEGMENT INFORMATION

21. 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 September 30, 2021

    

Americas

    

EMEA

    

APAC

    

Total

Products

$

17,556

$

5,031

$

1,362

$

23,949

Services

 

1,005

 

327

 

157

 

1,489

Total

$

18,561

$

5,358

$

1,519

$

25,438

Revenue for the three months ended September 30, 2020

    

Americas

    

EMEA

    

APAC

    

Total

Products

$

857

$

249

$

782

$

1,888

Services

 

353

 

232

 

54

 

639

Total

$

1,210

$

481

$

836

$

2,527

Revenue for the nine months ended September 30, 2021

    

Americas

    

EMEA

    

APAC

Total

Products

$

33,907

$

11,326

$

6,587

$

51,820

Services

 

2,615

 

923

 

370

3,908

Total

$

36,522

$

12,249

$

6,957

$

55,728

Revenue for the nine months ended September 30, 2020

    

Americas

    

EMEA

    

APAC

    

Total

Products

$

2,372

$

2,411

$

1,330

$

6,113

Services

 

962

 

888

 

138

 

1,988

Total

$

3,334

$

3,299

$

1,468

$

8,101

During the three and nine months ended September 30, 2021 and 2020, 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

Nine Months Ended

September 30, 

September 30, 

2021

    

2020

    

2021

    

2020

Revenue recognized at a point in time

$

23,949

$

1,888

$

51,820

$

6,113

Revenue recognized over time

 

1,489

 

639

 

3,908

 

1,988

Total

$

25,438

$

2,527

$

55,728

$

8,101

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):

September 30, 

December 31, 

2021

2020

Americas

$

29,625

$

12,160

EMEA

3,763

Total long-lived assets

$

33,388

$

12,160