| REVENUE RECOGNITION |
REVENUE RECOGNITION a. Net revenues The Company’s net revenues by geographic region, based on the patient’s location are summarized as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | | Year ended December 31, | | 2026 | | 2025 | | 2026 | | 2025 | | 2025 | | United States | $ | 111,901 | | | $ | 96,609 | | | $ | 310,812 | | | $ | 284,024 | | | $ | 385,632 | | | International markets: | | | | | | | | | | | Germany | 24,948 | | | 20,286 | | | 72,793 | | | 58,078 | | | 79,407 | | | France | 18,722 | | | 19,620 | | | 62,947 | | | 55,895 | | | 76,189 | | | Japan | 14,519 | | | 9,385 | | | 36,542 | | | 27,578 | | | 37,786 | | | Other international markets | 18,821 | | | 15,706 | | | 52,707 | | | 40,622 | | | 56,898 | | | International markets - Total | 77,010 | | | 64,997 | | | 224,989 | | | 182,173 | | | 250,280 | | | | | | | | | | | | Greater China (1) | 4,488 | | | 5,598 | | | 15,237 | | | 14,806 | | | 19,441 | | | | | | | | | | | | | Total net revenues | $ | 193,399 | | | $ | 167,204 | | | $ | 551,038 | | | $ | 481,003 | | | $ | 655,353 | |
(1) For additional information, see Notes 12 and 13 to the Consolidated Financial Statements in the 2025 10-K.
The Company's net revenues by performance period are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | | Year ended December 31, | | 2026 | | 2025 | | 2026 | | 2025 | | 2025 | | Net revenues recognized in the reporting period from performance obligations satisfied in: | | | | | | | | | | | Reporting period | $ | 179,388 | | | $ | 157,509 | | | $ | 531,432 | | | $ | 461,641 | | | $ | 632,358 | | | Previous periods | 14,011 | | | 9,695 | | | 19,606 | | | 19,362 | | | 22,995 | | | Total net revenues | $ | 193,399 | | | $ | 167,204 | | | $ | 551,038 | | | $ | 481,003 | | | $ | 655,353 | |
b. Contract balances The following table provides information about trade receivables, unbilled receivables and contract liabilities from contracts with customers: | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | Unaudited | | Audited | | Trade receivables | $ | 100,496 | | | $ | 81,648 | | | Unbilled receivables | $ | 7,764 | | | $ | 7,787 | | | Deferred revenues (short-term contract liabilities) | $ | (17,519) | | | $ | (15,948) | |
During the nine months ended September 30, 2026 and 2025 and the year ended December 31, 2025 the Company recognized $15,948, $14,225 and $14,225, respectively, which were included in the deferred revenues (short-term contract liability) balance at January 1, 2026 and 2025.
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