v3.26.1
Revenue
3 Months Ended
Mar. 31, 2026
Revenue  
Revenue

Note 4 — Revenue

The following tables summarize the Company’s revenue, net disaggregated by type of product and service:

Three months ended March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Hardware

$

913

$

753

Software

 

675

 

251

Services

 

26

 

166

Total revenue, net

$

1,614

$

1,170

The Company’s sales policy is not to accept returns of hardware once sold. As a result, there was no sales return reserve as of March 31, 2026 and December 31, 2025.

Contract Liabilities

Contract liabilities consist of sales of software subscriptions, where in most cases, the Company receives up-front payment and recognizes revenue over the term of 12-48 months. The Company classifies these contract liabilities as either current or non-current liabilities based on the expected timing of recognition of related revenue. Current contract liabilities were $893 and $1,255 and non-current contract liabilities were $854 and $751 as of March 31, 2026 and December 31, 2025, respectively.