Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Tables)

v3.23.1
Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 2022
Revenue Recognition and Deferred Revenue [Abstract]  
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, 2022.

Less than 1 year Greater than 1 year Total
Product revenue $ 8,686  $ —  $ 8,686 
Subscription revenue 26,763  57,602  84,365 
Service revenue 13,969  37,541  51,510 
Total revenue $ 49,418  $ 95,143  $ 144,561 
Schedule of minimum future payments on noncancelable leases
The amount of minimum future leases is based on expected income recognition. As of December 31, 2022, future minimum payments on noncancelable leases are as follows (in thousands):

Year Ending December 31:
2023 26,763 
2024 25,412 
2025 21,388 
2026 10,689 
Thereafter 113 
$ 84,365 
Summary of rollforward of deferred revenue
The following table provides a rollforward of deferred revenue (in thousands):
Balance at December 31, 2020 $ 4,242 
Revenue recognized in relation to the beginning of the year contract liability balance (2,300)
Revenue deferred 7,132 
Balance at December 31, 2021 $ 9,074 
Revenue recognized in relation to the beginning of the year contract liability balance (6,632)
Revenue deferred 33,526 
Balance at December 31, 2022 $ 35,968 
Schedule of components of lease revenue
The following table presents the Company’s components of lease revenue (in thousands):
Twelve Months Ended
December 31,
2022 2021
Revenue from sales-type leases $ 1,123  $ — 
Interest income on lease receivables 224  — 
Lease income - operating leases 17,569  7,803 
Total lease revenue $ 18,916  $ 7,803 
Summary of company's revenue by revenue stream
The following table presents the Company’s revenue by revenue stream (in thousands):

Twelve Months Ended
December 31,
2022 2021
Product revenue $ 31,985  $ 13,631 
Leased equipment 17,569  7,803 
SaaS, maintenance, and other revenue 4,665  846 
Professional services 976  1,113 
Total revenue $ 55,195  $ 23,393 
Revenue from External Customers by Geographic Areas
The following table presents the Company's revenue by geographical region based on customer location (in thousands):

Twelve Months Ended
December 31,
2022 2021
United States $ 53,815  $ 22,254 
Foreign 1,380  1,139 
Total revenue $ 55,195  $ 23,393