v3.25.1
Revenue
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue

17. Revenue

 

Revenue is analyzed as follows:

 

               
    Years Ended
December 31,		  
(Amounts in thousands)   2024     2023  
Sales of goods   $ 199     $ 918  
Sales of services     3,077       618  
Total revenue from contracts with customers   $ 3,276     $ 1,536  

 

The timing of revenue recognition is analyzed as follows:

 

    Years Ended
December 31,		  
(Amounts in thousands)   2024     2023  
Timing of revenue recognition                
Revenue recognized at a point in time   $ 526     $ 918  
Revenue recognized over time     2,750       618  
Total revenue from contracts with customers   $ 3,276     $ 1,536  

 

As of December 31, 2024 and 2023, Advent recognized contract assets of $623 thousand and $9 thousand, respectively, on the consolidated balance sheets.

 

As of December 31, 2024 and 2023, Advent recognized contract liabilities of $3.2 million and $0.4 million, respectively, in the consolidated balance sheets. During the years ended December 31, 2024 and 2023, the Company recognized the amount of $0.1 million and $0.1 million in revenues.