Summary of Significant Accounting Policies (Tables)
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9 Months Ended |
Sep. 30, 2023 |
Accounting Policies [Abstract] |
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Revenue Disaggregated by Geography |
Revenue disaggregated by geography, based on the addresses of the Company’s customers, consists of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2023 | | 2022 | | 2023 | | 2022 | United States | $ | 68,480 | | | $ | 82,040 | | | $ | 201,585 | | | $ | 195,680 | | Rest of World | 17,668 | | | 14,183 | | | 49,806 | | | 33,688 | | | $ | 86,148 | | | $ | 96,223 | | | $ | 251,391 | | | $ | 229,368 | |
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Concentration of Customer Risk |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revenue | | Accounts Receivable | | Three Months Ended September 30, | | Nine Months Ended September 30, | | September 30, | | December 31, | | 2023 | | 2022 | | 2023 | | 2022 | | 2023 | | 2022 | Number of customers accounted for 10% or more | 3 | | 2 | | 1 | | 2 | | 3 | | 2 | Total % of customers accounted for 10% or more | 62% | | 40% | | 24% | | 27% | | 52% | | 48% |
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Deferred Revenue |
The changes in deferred revenue inclusive of the balance recorded in the liabilities subject to compromise, consisted of the following (in thousands): | | | | | | Deferred revenue as of December 31, 2022 | $ | 67,398 | | Revenue recognized from beginning balance during the nine months ended September 30, 2023 | (17,336) | | Deferred revenue added during the nine months ended September 30, 2023 | 33,756 | | Deferred revenue as of September 30, 2023 | $ | 83,818 | |
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Revenue of Commercial Offerings |
Revenue of these commercial offerings are as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | 2023 | | 2022 | | 2023 | | 2022 | Proterra Transit | | $ | 25,770 | | | $ | 56,363 | | | $ | 91,745 | | | $ | 142,563 | | Proterra Powered & Energy | | 60,378 | | | 39,860 | | | 159,646 | | | 86,805 | | Total | | $ | 86,148 | | | $ | 96,223 | | | $ | 251,391 | | | $ | 229,368 | |
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Accrued Warranty Activity |
Activity of the accrued warranty inclusive of the balances in the liabilities subject to compromise, consisted of the following (in thousands): | | | | | | | Nine Months Ended September 30, 2023 | Warranty reserve- beginning of period | $ | 25,513 | | Warranty costs incurred | (2,991) | | Net changes in liability for pre-existing warranties, including expirations | (3,000) | | Provision for warranty | 13,501 | | Warranty reserve- end of period | $ | 33,023 | |
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