Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.22.2
SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2022
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 June 30, 2022

    

Americas

    

EMEA

    

APAC

    

Total

Products

$

37,414

$

11,319

$

3,939

$

52,672

Services

 

2,738

 

1,948

 

316

 

5,002

Total

$

40,152

$

13,267

$

4,255

$

57,674

Revenue for the three months ended June 30, 2021

    

Americas

    

EMEA

    

APAC

    

Total

Products

$

10,497

$

3,769

$

3,294

$

17,560

Services

 

904

 

381

 

132

 

1,417

Total

$

11,401

$

4,150

$

3,426

$

18,977

Revenue for the six months ended June 30, 2022

    

Americas

    

EMEA

    

APAC

Total

Products

$

65,343

$

19,912

$

6,893

$

92,148

Services

 

5,544

 

3,148

 

540

9,232

Total

$

70,887

$

23,060

$

7,433

$

101,380

Revenue for the six months ended June 30, 2021

    

Americas

    

EMEA

    

APAC

    

Total

Products

$

16,350

$

6,296

$

5,225

$

27,871

Services

 

1,610

 

596

 

213

 

2,419

Total

$

17,960

$

6,892

$

5,438

$

30,290

During the three and six months ended June 30, 2022 and 2021, 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, 

2022

    

2021

    

2022

    

2021

Revenue recognized at a point in time

$

52,672

$

17,560

$

92,148

$

27,871

Revenue recognized over time

 

5,002

 

1,417

 

9,232

 

2,419

Total

$

57,674

$

18,977

$

101,380

$

30,290

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, 

2022

2021

Americas

$

51,300

$

58,355

EMEA

23,038

11,289

APAC

5,718

6,861

Total long-lived assets

$

80,056

$

76,505