Revenue Recognition (Tables)
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12 Months Ended |
Dec. 31, 2023 |
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| Revenue Recognition and Deferred Revenue [Abstract] |
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| Schedule of performance obligations |
The following table includes estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially satisfied) as of December 31, 2023.
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Less than 1 year |
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1 - 2 years |
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More than 2 years |
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Total |
| Product revenue |
$ |
997 |
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$ |
— |
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$ |
— |
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$ |
997 |
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| Subscription revenue |
56,819 |
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52,188 |
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63,265 |
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172,272 |
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| Service revenue |
21,255 |
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20,948 |
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24,898 |
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67,101 |
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| License fee and other revenue |
143 |
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— |
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— |
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143 |
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| Total revenue |
$ |
79,214 |
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$ |
73,136 |
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$ |
88,163 |
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$ |
240,513 |
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| Schedule of minimum future payments on noncancelable leases |
The amount of minimum future leases is based on expected income recognition. As of December 31, 2023, future minimum payments on noncancelable leases are as follows (in thousands):
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| Year Ending December 31: |
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| 2024 |
$ |
56,819 |
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| 2025 |
52,188 |
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| 2026 |
41,088 |
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| 2027 |
21,118 |
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| Thereafter |
1,059 |
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$ |
172,272 |
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| Summary of rollforward of deferred revenue |
The following table provides a rollforward of deferred revenue (in thousands):
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| Balance at December 31, 2021 |
$ |
9,074 |
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| Revenue recognized in relation to the beginning of the year contract liability balance |
(6,632) |
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| Revenue deferred |
33,526 |
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| Balance at December 31, 2022 |
$ |
35,968 |
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| Revenue recognized in relation to the beginning of the year contract liability balance |
(19,104) |
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| Revenue deferred |
54,626 |
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| Balance at December 31, 2023 |
$ |
71,490 |
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| Schedule of components of lease revenue |
The following table presents the Company’s components of lease revenue (in thousands):
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Twelve Months Ended
December 31, |
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2023 |
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2022 |
| Revenue from sales-type leases |
$ |
— |
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$ |
1,123 |
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| Interest income on lease receivables |
197 |
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224 |
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| Lease income - operating leases |
37,247 |
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17,569 |
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| Total lease revenue |
$ |
37,444 |
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$ |
18,916 |
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| Summary of company's revenue by revenue stream |
The following table presents the Company’s revenue by revenue stream (in thousands). Certain prior period amounts have been reclassified to conform to current period presentation:
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Twelve Months Ended
December 31, |
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2023 |
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2022 |
| Product revenue |
$ |
21,977 |
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$ |
31,985 |
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| Leased equipment |
37,247 |
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17,569 |
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| Service revenue |
16,141 |
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4,331 |
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| License fees |
2,963 |
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— |
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| Professional services and other revenue |
2,090 |
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1,310 |
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| Total revenue |
$ |
80,418 |
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$ |
55,195 |
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| Revenue from External Customers by Geographic Areas |
The following table presents the Company's revenue by geographical region based on customer location (in thousands):
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Twelve Months Ended
December 31, |
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2023 |
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2022 |
| United States |
$ |
78,556 |
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$ |
53,815 |
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| Foreign |
1,862 |
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1,380 |
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| Total revenue |
$ |
80,418 |
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$ |
55,195 |
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