Revenue Recognition (Tables)
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3 Months Ended |
Mar. 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 March 31, 2023.
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Less than 1 year |
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Greater than 1 year |
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Total |
| Product revenue |
$ |
5,435 |
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$ |
— |
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$ |
5,435 |
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| Subscription revenue |
31,659 |
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67,413 |
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99,072 |
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| Service revenue |
15,930 |
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41,376 |
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57,306 |
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| Total revenue |
$ |
53,024 |
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$ |
108,789 |
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$ |
161,813 |
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| Schedule of minimum future payments on noncancelable leases |
As of March 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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| 2023 (nine months remaining) |
$ |
23,898 |
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| 2024 |
30,446 |
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| 2025 |
26,586 |
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| 2026 |
16,060 |
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| 2027 |
2,065 |
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| Thereafter |
17 |
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$ |
99,072 |
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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, 2022 |
$ |
35,968 |
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| Revenue recognized in relation to the beginning of the year contract liability balance |
(6,887) |
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| Revenue deferred |
15,644 |
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| Balance at March 31, 2023 |
$ |
44,725 |
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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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Three Months Ended
March 31, |
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2023 |
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2022 |
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| Revenue from sales-type leases |
$ |
— |
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$ |
1,106 |
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| Interest income on lease receivables |
53 |
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49 |
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| Lease income - operating leases |
6,466 |
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3,004 |
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| Total lease revenue |
$ |
6,519 |
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$ |
4,159 |
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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):
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Three Months Ended
March 31, |
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2023 |
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2022 |
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| Product revenue |
$ |
8,754 |
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$ |
5,194 |
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| Leased equipment |
6,466 |
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3,004 |
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| SaaS, maintenance, and other revenue |
2,778 |
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368 |
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| Professional services |
583 |
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144 |
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| Total revenue |
$ |
18,581 |
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$ |
8,710 |
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