Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2026

Summary of Net Revenue by Major Geographic Region

The following table summarizes net revenue by major geographic region:


	Three Months Ended March 31,
(in thousands)	2026		2025
EMEA(1)	$	17,522	$	11,552
Americas(2)		5,274		4,719
APAC		2,401		2,568
Total net revenue	$	25,197	$	18,839

(1)

Our net revenues generated from Italy, Czech Republic and Germany represented 18.9%, 16.4% and 10.0% of our total net revenue for the three months ended March 31, 2026, respectively. Our net revenues generated from Germany, the United Kingdom, Italy and Czech Republic represented 15.0%, 14.4%, 10.9% and 10.6% of our total net revenue for the three months ended March 31, 2025, respectively.

(2)

Our net revenues generated from the United States represented 19.8% and 22.2% of our total net revenues for the three months ended March 31, 2026, and 2025, respectively.

Schedule of Summarizes the Changes in Deferred Revenue

The following table summarizes the changes in deferred revenue:


	Three Months Ended March 31,
(in thousands)	2026			2025
Balance at the beginning of the period	$	1,821		$	1,169
Deferral of revenue		2,057			3,801
Recognition of unearned revenue		(2,534	)		(3,592	)
Balance at the end of the period	$	1,344		$	1,378

Summary of Changes in Product Warranty Liability

The following table summarizes the changes in product warranty liability:


	Three Months Ended March 31,
(in thousands)	2026			2025
Balance at the beginning of the period	$	9,344		$	5,798
Provision for warranty issued during period		399			363
Changes in estimate		(53	)		1,280
Settlements		(111	)		(117	)
Balance at the end of the period	$	9,579		$	7,324