Revenue Recognition (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
|---|
| 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 June 30, 2023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 1 year |
|
Greater than 1 year |
|
Total |
| Product revenue |
$ |
3,050 |
|
|
$ |
— |
|
|
$ |
3,050 |
|
| Subscription revenue |
42,140 |
|
|
92,099 |
|
|
134,239 |
|
| Service revenue |
17,883 |
|
|
43,124 |
|
|
61,007 |
|
| Total revenue |
$ |
63,073 |
|
|
$ |
135,223 |
|
|
$ |
198,296 |
|
|
| Schedule of minimum future payments on noncancelable leases |
As of June 30, 2023, future minimum payments on noncancelable leases are as follows (in thousands):
|
|
|
|
|
|
| Year Ending December 31: |
|
| 2023 (six months remaining) |
$ |
21,253 |
|
| 2024 |
41,340 |
|
| 2025 |
37,364 |
|
| 2026 |
26,748 |
|
| 2027 |
7,511 |
|
| Thereafter |
23 |
|
|
$ |
134,239 |
|
|
| Summary of rollforward of deferred revenue |
The following table provides a rollforward of deferred revenue (in thousands):
|
|
|
|
|
|
| Balance at December 31, 2022 |
$ |
35,968 |
|
| Revenue recognized in relation to the beginning of the year contract liability balance |
(12,140) |
|
| Revenue deferred |
36,253 |
|
| Balance at June 30, 2023 |
$ |
60,081 |
|
|
| Schedule of components of lease revenue |
The following table presents the Company’s components of lease revenue (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
| Revenue from sales-type leases |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,106 |
|
| Interest income on lease receivables |
51 |
|
|
61 |
|
|
104 |
|
|
110 |
|
| Lease income - operating leases |
7,964 |
|
|
4,006 |
|
|
14,430 |
|
|
7,010 |
|
| Total lease revenue |
$ |
8,015 |
|
|
$ |
4,067 |
|
|
$ |
14,534 |
|
|
$ |
8,226 |
|
|
| Summary of company's revenue by revenue stream |
The following table presents the Company’s revenue by revenue stream (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
| Product revenue |
$ |
7,243 |
|
|
$ |
4,146 |
|
|
$ |
15,997 |
|
|
$ |
9,340 |
|
| Leased equipment |
7,964 |
|
|
4,006 |
|
|
14,430 |
|
|
7,010 |
|
| SaaS, maintenance, and other revenue |
4,121 |
|
|
729 |
|
|
6,899 |
|
|
1,097 |
|
| Professional services |
497 |
|
|
189 |
|
|
1,080 |
|
|
333 |
|
| Total revenue |
$ |
19,825 |
|
|
$ |
9,070 |
|
|
$ |
38,406 |
|
|
$ |
17,780 |
|
|