Revenue Recognition

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

4.Revenue Recognition

Remaining performance obligations

As of March 31, 2022, the aggregate amount of the transaction price in our contracts allocated to the remaining unsatisfied performance obligations was approximately $93 million. The remaining unsatisfied performance obligations primarily represent connectivity and entertainment service revenues which are recognized as services are provided, which is expected to occur through the remaining term of the contract. We have excluded from this amount consideration from contracts that have an original duration of one year or less.

Disaggregation of revenue

The following table presents our revenue disaggregated by category (in thousands):

	For the Three Months Ended March 31,
	2022		2021
Service revenue
Connectivity	$	69,495	$	58,403
Entertainment and other		1,172		952
Total service revenue	$	70,667	$	59,355
Equipment revenue
ATG	$	17,948	$	10,597
Satellite		3,206		3,703
Other		929		214
Total equipment revenue	$	22,083	$	14,514
Customer type
Aircraft owner/operator/service provider	$	70,667	$	59,355
OEM and aftermarket dealer		22,083		14,514
Total revenue	$	92,750	$	73,869

Contract balances

Our current and non-current deferred revenue balances totaled $1.6 million and $1.8 million as of March 31, 2022 and December 31, 2021, respectively. Deferred revenue includes, among other things, fees paid for equipment and subscription connectivity products.

Our current and non-current contract asset balances totaled $20.1 million and $17.8 million as of March 31, 2022 and December 31, 2021, respectively. Contract assets represent the aggregate amount of revenue recognized in excess of billings primarily for certain sales programs.

Major Customers

No customer accounted for more than 10% of revenue during the three-month periods ended March 31, 2022 and 2021 and no customer accounted for more than 10% of accounts receivable as of March 31, 2022 or December 31, 2021.