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Revenue and Deferred Revenue (Tables)
3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Changes in the Deferred Revenue Balance
The following table summarizes the changes in the deferred revenue balance for the three months ended March 31, 2024 and 2023:
Three Months Ended March 31,
20242023
(in thousands)
Deferred revenue, beginning of period$43,235 $38,658 
Recognition of revenue included in beginning of period
deferred revenue
(23,479)(21,076)
Revenue deferred, net of revenue recognized on contracts in
the respective period
26,877 24,194 
Deferred revenue, end of period$46,633 $41,776 
Schedule of Recognition of Deferred Revenue
The Company expects the following recognition of deferred revenue as of March 31, 2024:
Year Ended December 31,
2024 (remainder of year)202520262027Total
(in thousands)
Revenue expected to be recognized$41,228 $4,411 $976 $18 $46,633 
Schedule of Total Revenue by Geography
The following table presents the total revenue by geography based on the ship-to address for the periods indicated:
Three Months Ended March 31,
20242023
(in thousands)
North America*$134,835 $147,755 
International32,557 33,472 
Total revenue$167,392 $181,227 
*North America revenue consists of revenues from the United States and Canada.
Schedule of Total Revenue by Source
The following table presents the total revenue by source for the periods indicated:
Three Months Ended March 31,
20242023
(in thousands)
Platform
$78,286 $76,241 
Connected machines
36,948 34,131 
Accessories and materials
52,158 70,855 
Total revenue$167,392 $181,227