Revenue and Deferred Revenue (As Restated) |
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| Revenue and Deferred Revenue (As Restated) | Note 4. Revenue and Deferred Revenue (As Restated) The following table provides the Company’s revenues disaggregated by revenue stream (in thousands):
Remaining performance obligations represent the transaction price of Company orders for which work has not been performed as of the end of a fiscal period and for contracts with substantive termination penalties. As of September 30, 2025, the aggregate amount of the transaction price allocated to remaining performance obligations was $30.3 million (which represents the amount of the Company’s backlog). $4.7 million of the backlog relates to the network design and installation performance obligations and $25.6 million relates to internet network services and hardware and internet services performance obligations. Additionally, $8.8 million of the $30.3 million of the Company’s backlog relates to jobs that are contracted but not yet started as of September 30, 2025. The Company estimates that approximately $5.6 million of the remaining performance obligations at will be completed and recognized as revenue during 2025, with the recognized . Changes in the Company’s current deferred revenue balance for the nine months ended September 30, 2025 and 2024, respectively, were as follows (in thousands):
Deferred revenue balances primarily consist of customer deposits and billings in excess of revenue related to the Company’s network design and installation performance obligations. As of September 30, 2025 and December 31, 2024, all of the Company’s deferred revenue balances were reported as current liabilities in the accompanying unaudited condensed consolidated balance sheets. Changes in the Company’s network financing receivable balance for the nine months ended September 30, 2025 and 2024, were as follows (in thousands):
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