18. Revenue

a) Revenue streams

KWESST generates revenue from the sale of products to its customers.

b) Disaggregation of revenue from contracts with customers

In the following table, revenue from contacts with customers is disaggregated by primary geographical market, major products and service lines, and timing of revenue recognition.

		Year ended		Year ended		Year ended
		September 30,		September 30,		September 30,
		2023		2022		2021

*Major products / service lines*
Digitization	$	819,604	$	354,620	$	1,255,982
Non-Lethal		411,758		330,658		-
Training and services		-		34,590		-
Other		3,088		1,651		19,822
	$	1,234,450	$	721,519	$	1,275,804

*Primary geographical markets*
United States		42,780		389,210		1,238,063
Canada		743,200		332,309		37,741
Europe		448,470		-		-
		1,234,450		721,519		1,275,804

*Timing of revenue recognition*
Products and services transferred over time	$	819,604	$	389,210	$	1,238,063
Products transferred at a point in time		414,846		332,309		37,741
	$	1,234,450	$	721,519	$	1,275,804

Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized ("contracted not yet recognized") and includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods. At September 30, 2023, our contracted not yet recognized revenue was $496,199 (2022 - $625,177, 2021 - $16,545), of which 76% of this amount is expected to be recognized over the next 12 months with the remaining 25% expected to be recognized in 2 to 3 years.

For the year ended September 30, 2023, one customer accounted for 23% of revenue and one customer accounted for 18% of revenue (2022 - one customer accounted for 41%, 2021 - one customer accounted for 95%).