| Revenue from Contract with Customer [Text Block] |
|
(2)
|
CONTRACTS WITH CUSTOMERS
|
The following table disaggregates revenue for the three- and six-month periods ended June 30, 2025 and 2024 based on timing of revenue recognition (in thousands):
| |
|
Three months ended June 30,
|
|
|
Six months ended June 30,
|
|
| |
|
2025
|
|
|
2024
|
|
|
2025
|
|
|
2024
|
|
|
Subscription services recognized ratably over time
|
|
$ |
31,232 |
|
|
$ |
33,103 |
|
|
$ |
62,273 |
|
|
$ |
66,374 |
|
|
Services recognized at a point in time
|
|
|
1,065 |
|
|
|
855 |
|
|
|
2,806 |
|
|
|
2,276 |
|
|
Fixed, non-subscription recognized over time
|
|
|
1,613 |
|
|
|
936 |
|
|
|
2,258 |
|
|
|
1,431 |
|
|
Unit price services recognized over time
|
|
|
128 |
|
|
|
127 |
|
|
|
251 |
|
|
|
253 |
|
|
Total revenue
|
|
$ |
34,038 |
|
|
$ |
35,021 |
|
|
$ |
67,588 |
|
|
$ |
70,334 |
|
The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers (in thousands):
| |
|
June 30,
2025
|
|
|
December 31,
2024
|
|
|
Trade accounts receivable
|
|
$ |
12,416 |
|
|
$ |
11,054 |
|
|
Contract assets included in other current assets
|
|
$ |
86 |
|
|
$ |
186 |
|
|
Deferred revenue, current portion
|
|
$ |
15,603 |
|
|
$ |
15,786 |
|
|
Noncurrent deferred revenue included in other long-term liabilities
|
|
$ |
216 |
|
|
$ |
216 |
|
Significant changes in contract assets and contract liabilities during the six-month periods ended June 30, 2025 and 2024 are as follows (in thousands):
| |
|
2025
|
|
|
2024
|
|
| |
|
Contract
Asset
|
|
|
Deferred
Revenue
|
|
|
Contract
Asset
|
|
|
Deferred
Revenue
|
|
| |
|
Increase (Decrease)
|
|
|
Revenue recognized that was included in deferred revenue at beginning of year due to completion of services
|
|
$ |
- |
|
|
$ |
(12,009 |
) |
|
$ |
- |
|
|
$ |
(11,193 |
) |
|
Increases due to invoicing of client, net of amounts recognized as revenue
|
|
|
- |
|
|
|
11,826 |
|
|
|
- |
|
|
|
10,928 |
|
|
Decreases due to completion of services (or portion of services) and transferred to accounts receivable
|
|
|
(177 |
) |
|
|
- |
|
|
|
(79 |
) |
|
|
- |
|
|
Change due to cumulative catch-up adjustments arising from changes in expected contract consideration
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(55 |
) |
|
Increases due to revenue recognized in the period with additional performance obligations before invoicing
|
|
|
77 |
|
|
|
- |
|
|
|
21 |
|
|
|
- |
|
We have elected to apply the practical expedient to not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less. Total remaining contract revenue for contracts with original duration of greater than one year expected to be recognized in the future related to performance obligations that are unsatisfied at June 30, 2025 approximated $139.9 million, of which $29.2 million, $55.7 million, $39.1 million, $10.1 million, $4.4 million and $1.4 million are expected to be recognized during 2025, 2026, 2027, 2028, 2029 and 2030, respectively.
|