v3.25.1
Revenue Recognition
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of Revenue
The Company disaggregates revenue from contracts with customers by product type and by geographical market. The Company believes that these categories aggregate the payor types by nature, amount, timing, and uncertainty of its revenue streams. The following table summarizes the Company’s disaggregated revenue (in thousands):
Pattern of
Recognition		Three months ended March 31,
20252024
By product type:
HardwarePoint-in-time$14,164 $11,291 
Software and other servicesOver time7,061 6,365 
Total revenue$21,225 $17,656 
By geographical market:
United States$17,039 $13,737 
International4,186 3,919 
Total revenue$21,225 $17,656 
Contract Balances
Contract balances represent amounts presented in the condensed consolidated balance sheets when the Company has either transferred goods or services to the customer or the customer has paid consideration to the Company under the contract. These contract balances include trade accounts receivable and deferred revenue. The Company recognizes a receivable when it has an unconditional right to payment, and payment terms are typically 30 days for sales on credit of product, software, and other services. For the three months ended March 31, 2025 and 2024, the Company recognized $6.4 million and $6.0 million, respectively, of revenue that was included in the deferred revenue balance at the beginning of the period.
Transaction Price Allocated to Remaining Performance Obligations
As of March 31, 2025 and December 31, 2024, the Company had $41.1 million and $33.3 million, respectively, of remaining performance obligations. As of March 31, 2025, the Company expects to recognize 52% of its remaining performance obligations as revenue in the next twelve months and an additional 48% thereafter.