Net Operating Revenue (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
|---|
| Net Operating Revenue [Abstract] |
|
| Schedule of Net Operating Revenue |
Below is a summary of net
operating revenue for the six-month periods ended June 30, 2025, and 2024:
| | |
June 30,
2025 | | |
June 30,
2024 | |
| Gross operating revenue | |
| 105,600 | | |
| 98,582 | |
| Revenue deductions: | |
| | | |
| | |
| Cancellations and returns | |
| (1,148 | ) | |
| (828 | ) |
| Taxes on services | |
| (6,276 | ) | |
| (5,600 | ) |
| Total revenue deductions | |
| (7,424 | ) | |
| (6,428 | ) |
| Net operating revenue | |
| 98,176 | | |
| 92,154 | |
|
| Schedule of Disaggregation of Net Operating Revenue |
Disaggregation of net operating
revenue for the six-month periods ended June 30, 2025, and 2024, is as follows:
| | |
June 30,
2025 | | |
June 30,
2024 | |
| Platform subscription service | |
| 96,926 | | |
| 89,651 | |
| Cancellations, returns and taxes on services | |
| (6,679 | ) | |
| (5,735 | ) |
| Revenue from platform subscription service | |
| 90,247 | | |
| 83,916 | |
| Data analytics service | |
| 5,667 | | |
| 4,272 | |
| Cancellations, returns and taxes on services | |
| (586 | ) | |
| (488 | ) |
| Revenue from data analytics service | |
| 5,081 | | |
| 3,784 | |
| Set-up and service | |
| 2,433 | | |
| 4,146 | |
| Cancellations, returns and taxes on services | |
| (126 | ) | |
| (173 | ) |
| Revenue from set-up and service | |
| 2,307 | | |
| 3,973 | |
| Other revenue | |
| 574 | | |
| 510 | |
| Cancellations, returns and taxes on services | |
| (33 | ) | |
| (29 | ) |
| Other revenue | |
| 541 | | |
| 481 | |
| Total net operating revenue | |
| 98,176 | | |
| 92,154 | |
|
| Schedule of Contract Asset Activity |
The contract asset activity
as of June 30, 2025, and December 31, 2024, is as follows:
| At January 1, 2024 | |
| 4,862 | |
| Decrease from transfers to accounts receivable | |
| (4,798 | ) |
| Increase from changes based on work in progress | |
| 4,672 | |
| At December 31, 2024 | |
| 4,736 | |
| Decrease from transfers to accounts receivable | |
| (4,736 | ) |
| Increase from changes based on work in progress | |
| 1,282 | |
| At June 30, 2025 | |
| 1,282 | |
|
| Schedule of Deferred Revenue Activity |
The deferred revenue activity
as of June 30, 2025, and December 31, 2024, is as follows:
| At January 1, 2024 | |
| 3,145 | |
| Increase in deferred revenue in the current year | |
| 24,095 | |
| Revenue recognized during the current year | |
| (23,501 | ) |
| At December 31, 2024 | |
| 3,739 | |
| Increase in deferred revenue in the current period | |
| 5,850 | |
| Revenue recognized during the current period | |
| (5,268 | ) |
| At June 30, 2025 | |
| 4,321 | |
|