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REVENUE | REVENUE Disaggregation of Revenue Revenue is disaggregated from contracts by geographic region and by reportable operating segment, which the Company believes best depicts how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors. The following table disaggregates the Company’s revenue by geographic region:
Revenue in the United States was $74.1 million and $58.8 million for the three months ended December 30, 2022 and December 31, 2021, respectively. Our products are sold in three geographic regions: the Americas, EMEA, and APAC. The Americas includes North America (primarily the United States) and Latin America. EMEA includes Europe, Russia, the Middle East, India and Africa. APAC includes Asia (other than India) and Australia. Revenues by region are based on the known final destination of products sold. Refer to Note 15, Segment Information, for the disaggregation of the Company’s revenue based on reportable operating segments. Contract Balances The following table summarizes the changes in the contract assets and refund liabilities for the three months ended December 30, 2022 and December 31, 2021:
During the three months ended December 30, 2022, the Company recognized revenue of $4.2 million related to deferred revenues which existed at September 30, 2022. During the three months ended December 31, 2021, the Company recognized revenue of $4.1 million related to deferred revenues that existed at October 1, 2021.
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