v3.25.4
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Summary of the Total Amount of Revenue for Each Such Customer The total amount of revenue for each such customer was as follows:

(In thousands)

 

2025

 

 

2024

 

Customer A

 

$

3,852

 

 

$

5,100

 

Customer B

 

 

 

 

 

2,551

 

 

Schedule of Estimated Useful Lives by Asset The estimated useful lives by asset classification are generally as follows:

 

Useful life

Robotics and manufacturing equipment

 

3 – 10 years

Computer equipment

 

3 – 5 years

Software

 

3 years

Furniture and fixtures

 

3 – 5 years

Leasehold improvements

 

Lesser of the useful life or the
remaining term of the lease

Summary of Revenue Recognized for Services, Product and Manufacturing

The revenue recognized for Services, Product and Manufacturing were as follows:

 

Year Ended December 31,

 

(In thousands)

 

2025

 

 

2024

 

Services Revenue

 

$

4,684

 

 

$

5,120

 

Product Revenue

 

 

3

 

 

 

2,666

 

Manufacturing Revenue

 

 

559

 

 

 

 

Revenue, net

 

$

5,246

 

 

$

7,786

 

Summary of Opening and Closing Balances of Our Accounts Receivable, Unbilled Receivables, Contract Assets and Deferred Revenue

The opening and closing balances of our accounts receivable, unbilled receivables, contract assets and deferred revenue are as follows:

 

(In thousands)

 

Accounts Receivable

 

 

Unbilled Receivable

 

 

Contract Assets
(Current)

 

 

Deferred Revenue
(Current)

 

Ending Balance as of December 31, 2023

 

$

555

 

 

$

2,034

 

 

$

50

 

 

$

75

 

(Decrease)/increase, net

 

 

(421

)

 

 

(855

)

 

 

(22

)

 

 

173

 

Ending Balance as of December 31, 2024

 

$

134

 

 

$

1,179

 

 

$

28

 

 

$

248

 

(Decrease)/increase, net

 

 

921

 

 

 

1,276

 

 

 

8

 

 

 

71

 

Ending Balance as of December 31, 2025

 

$

1,055

 

 

$

2,455

 

 

$

36

 

 

$

319