v3.26.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2026
Summary of Significant Accounting Policies  
Schedule of allowance for credit losses The following is a summary of the activity of the Company’s allowance for credit losses (in thousands):

Balance as of December 31, 2025

$

147

Current period change for expected credit loss

Deduction / recoveries collected

(57)

Balance as of March 31, 2026

$

90

Schedule of disaggregation of revenue

The Company’s product and service revenue consists of sales of devices and recurring revenue which includes consumables, accessories and the sale of service and extended warranty plans. The following table presents the Company’s revenue by revenue stream (in thousands):

Three Months Ended March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Revenue:

 

  ​

 

  ​

Device sales revenue

$

9,360

$

7,411

Recurring revenue

 

4,021

 

4,303

Contract revenue

 

 

63

Total revenue

$

13,381

$

11,777

The following table presents the Company’s revenue by source (in thousands):

Three Months Ended March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Revenue:

Handheld product and service revenue

$

12,749

$

10,936

Program product and service revenue

154

OEM and funded partnership revenue

632

687

Total revenue

$

13,381

$

11,777

Revenue based on the end-user entity type for the Company’s revenue are presented below (in thousands):

Three Months Ended March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

United States federal and defense

$

3,259

$

1,729

United States state authorities and local municipalities

6,775

4,687

Rest of world national and provincial organizations

2,715

 

4,674

Global pharmaceutical, industrial and other

632

 

687

Total revenue

$

13,381

$

11,777

The following table disaggregates the Company’s revenue from contracts with customers by geography, which are determined based on the customer location (in thousands):

Three Months Ended March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

United States

$

10,598

$

7,012

Europe, Middle East and Africa

1,128

 

4,454

Asia Pacific

580

181

Americas other

1,075

 

130

Total revenue

$

13,381

$

11,777

Summary of the activity of the Company's deferred revenue

The following is a summary of the activity of the Company’s deferred revenue (in thousands):

Three Months Ended March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Balances at beginning of period

$

17,265

$

20,630

Recognition of revenue included in balance at beginning of the period

 

(2,496)

 

(3,144)

Revenue deferred during the period, net of revenue recognized

 

3,769

 

1,758

Balances at end of period

$

18,538

$

19,244

Schedule of deferred revenue amounts expected to be recognized in the future

The amount of deferred revenue equals the transaction price allocated to unfulfilled performance obligations for the period presented. Such deferred revenue amounts related to product and service revenue are expected to be recognized in the future as follows (in thousands):

March 31, 

December 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Deferred revenue expected to be recognized in:

 

  ​

 

  ​

One year or less

$

9,470

$

8,934

One to two years

 

4,483

 

4,295

Three years and beyond

 

4,585

 

4,036

$

18,538

$

17,265