v3.25.2
Revenue
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]    
Revenue

16. Revenue

 

Revenue is analyzed as follows:

 

                               
    Three Months Ended

June 30,

(Unaudited)

    

Six Months Ended

June 30,

(Unaudited)

  
(Amounts in thousands)   2025     2024     2025     2024  
Sales of goods   $ 72     $ 654     $ 78     $ 2,274  
Sales of services     27       -       153       1,118  
Total revenue from contracts with customers   $ 99     $ 654     $ 231     $ 3,392  

 

The timing of revenue recognition is analyzed as follows:

 

 

Three Months Ended
June 30,

(Unaudited)

    

Six Months Ended
June 30,

(Unaudited)

  
(Amounts in thousands)   2025     2024     2025     2024  
Timing of revenue recognition                                
Revenue recognized at a point in time   $ 72     $ 654     $ 78     $ 2,274  
Revenue recognized over time     27       -       153       1,118  
Total revenue from contracts with customers   $ 99     $ 654     $ 231     $ 3,392  

 

As of June 30, 2025 and December 31, 2024, Advent recognized contract assets of $617 thousand and $623 thousand, respectively, on the consolidated balance sheets.

 

As of June 30, 2025 and December 31, 2024, Advent recognized contract liabilities of $3.7 million and $3.2 million, respectively, in the consolidated balance sheets. During the three and six months ended June 30, 2025, the Company did not recognize any in 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.