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REVENUE
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
We separate our goods and services among two reportable segments, North America and International. The two segments consist of revenue originating from:

•North America: including the United States, Canada and Mexico
•International: all geographies outside North America, currently consisting primarily of Australia, France, Germany, Italy, Malaysia, Spain and Switzerland

Refer to Note 18 for further detail regarding the Company's reportable segments.

The following table summarizes our segment revenue (in thousands):
Three Months Ended March 31,
20232022
North America revenue:
POC lab instruments & other$4,243 $4,647 
POC lab consumables21,006 18,637 
POC imaging & informatics5,828 6,051 
PVD5,433 4,576 
OVP2,050 3,463 
Total North America revenue$38,560 $37,374 
International revenue:
POC lab instruments & other$4,785 $3,733 
POC lab consumables10,545 11,748 
POC imaging & informatics7,674 10,962 
PVD817 983 
Total International revenue$23,821 $27,426 
Total revenue$62,381 $64,800 
Remaining Performance Obligations

Remaining performance obligations represent the aggregate transaction price allocated to performance obligations with an original contract term greater than one year which are fully or partially unsatisfied at the end of the period. Remaining performance obligations include noncancellable purchase orders, the non-lease portion of minimum purchase commitments under long-term supply arrangements, extended warranty, service and other long-term contracts. Remaining performance obligations do not include revenue from contracts with customers with an original term of one year or less, revenue from long-term supply arrangements with no minimum purchase requirements, revenue expected from purchases made in excess of the minimum purchase requirements, or revenue from instruments leased to customers. While the remaining performance obligations disclosure is similar in concept to backlog, the definition of remaining performance obligations excludes leases and contracts that provide the customer with the right to cancel or terminate for convenience with no substantial penalty, even if historical experience indicates the likelihood of cancellation or termination is remote. Additionally, the Company has elected to exclude contracts with customers with an original term of one year or less from remaining performance obligations.

As of March 31, 2023, the aggregate amount of the transaction price allocated to remaining minimum performance obligations was approximately $232.1 million. As of March 31, 2023, the Company expects to recognize revenue as follows (in thousands):
Year Ending December 31,Revenue
2023 (remaining)$41,087 
202452,303 
202545,981 
202640,759 
202727,638 
Thereafter24,369 
$232,137 

Contract Balances

The timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled contract assets, deferred revenue, and customer deposits and billings in excess of revenue recognized. In addition, the Company defers certain costs incurred to obtain contracts.

Contract Assets

Certain unbilled amounts related to long-term contracts for which we provide a free term to the customer are recorded in Other current assets and Other non-current assets on the accompanying Condensed Consolidated Balance Sheets. The collection of these balances occurs over the term of the underlying contract. The balances as of March 31, 2023 were $1.9 million and $6.5 million for current and non-current assets, respectively, shown net of related unearned interest. The balances as of December 31, 2022 were $1.8 million and $5.9 million for current and non-current assets, respectively, shown net of related unearned interest. The increase in contract assets for the three-month period ended March 31, 2023 is primarily related to additional contract assets recorded for contracts with a free term, partially offset by payments received. The balances as of December 31, 2021 were $1.5 million and $5.1 million for current and non-current assets, respectively.
Contract Liabilities

The Company receives cash payments from customers for licensing fees or other arrangements that extend for a specified term. These contract liabilities are classified as either current or long-term in the Condensed Consolidated Balance Sheets based on the timing of when the Company expects to recognize revenue. As of March 31, 2023, December 31, 2022, and December 31, 2021 contract liabilities were $8.4 million, $8.3 million, and $9.6 million respectively, and are included within Deferred revenue, current, and other and Deferred revenue, non-current in the accompanying Condensed Consolidated Balance Sheets. The increase in the contract liability balance during the three-month period ended March 31, 2023 is attributable to approximately $2.5 million of additional deferred sales in 2023, partially offset by approximately $2.4 million of revenue recognized during the period. Contract liabilities are reported on the accompanying Condensed Consolidated Balance Sheets on a contract-by-contract basis.