Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.22.1
Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2022
Revenue Recognition  
Schedule of estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied

    

Less than 1 year

    

Greater than 1 year

    

Total

Product revenue

 

$

166

 

$

39

 

$

205

Subscription revenue

 

12,784

 

29,041

 

41,825

Service revenue

 

6

6

Maintenance revenue

2,415

6,086

8,501

Total revenue

$

15,371

$

35,166

$

50,537

Schedule of minimum future leases is based on expected income

The amount of minimum future leases is based on expected income recognition. As of March 31, 2022, future minimum payments on noncancelable leases are as follows (in thousands):

Future operating lease component:

    

  

Year Ending December 31:

2022 (nine months remaining)

$

9,677

2023

 

12,330

2024

 

11,137

2025

 

7,438

2026

1,131

Thereafter

 

112

$

41,825

Schedule of rollforward of deferred revenue

The following table provides a rollforward of deferred revenue (in thousands):

Balance at December 31, 2021

$

9,165

Revenue recognized

 

(6,409)

Revenue deferred

 

9,194

Balance at March 31, 2022

$

11,950

Schedule of components of lease revenue

The following table presents the Company’s components of lease revenue (in thousands):

Three Months Ended March 31, 

2022

2021

Revenue from sales-type leases

$

1,312

$

Interest income on lease receivables

190

 

Lease income - operating leases

3,020

1,300

Total lease revenue

$

4,522

$

1,300

Disaggregated Revenue

Three Months Ended March 31, 

2022

    

2021

Product revenue

5,194

 

2,502

Leased equipment

3,020

 

1,300

SaaS and Maintenance revenue

353

 

132

Professional services revenue

148

65

Total revenue

$

8,715

$

3,999