Revenue and Deferred Revenue |
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| Revenue and Deferred Revenue | Note 3. Revenue and Deferred Revenue 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 June 30, 2026, the aggregate amount of the transaction price allocated to remaining performance obligations was $38.9 million (which represents the amount of the Company’s backlog). $17.4 million of the backlog relates to the network design and installation performance obligations and $21.5 million relates to internet network services and hardware and internet services performance obligations. Additionally, $15.4 million of the Company’s backlog relates to jobs that are contracted but not yet started as of June 30, 2026. The Company estimates that approximately $10.5 million of the remaining performance obligations as of will be completed and recognized as revenue during 2026, with the recognized . Changes in the Company’s current deferred revenue balance for the six months ended June 30, 2026 and 2025, were as follows (in thousands):
Deferred revenue balances primarily consist of customer deposits and billings in excess of revenue, for which the Company has a contractual right to bill, related to the Company’s network design and installation performance obligations. As of June 30, 2026, the Company’s deferred revenue balance of $5.6 million was classified as $5.3 million in current liabilities and $0.3 million in non-current liabilities in the accompanying unaudited condensed balance sheets. Changes in the Company’s network financing receivable balance for the six months ended June 30, 2026 and 2025, were as follows (in thousands):
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