Revenue from Contracts with Customers

9 Months Ended

Mar. 31, 2020

Revenue From Contract With Customer [Abstract]

Revenue from Contracts with Customers

5.Revenue from Contracts with Customers

Disaggregated Revenue

The following tables summarizes the Company’s disaggregated revenue, based on its shipping location (in thousands):

	Three Months Ended March 31,				Nine Months Ended March 31,
Geographic Region:	2020		2019		2020		2019
Americas Sales	$	4,314	$	4,376	$	17,356	$	19,747
Europe Sales		6,597		8,013		22,172		25,666
Asia Sales		1,762		3,243		10,127		13,214
Total Net Sales	$	12,673	$	15,632	$	49,655	$	58,627

Sales by product lines are as follows (in thousands):

	Three Months Ended March 31,				Nine Months Ended March 31,
Product Lines	2020		2019		2020		2019
Measurement Solutions	$	11,449	$	13,849	$	45,209	$	53,257
3D Scanning Solutions		533		773		1,992		2,485
Value Added Service		691		1,010		2,454		2,885
Total Net Sales	$	12,673	$	15,632	$	49,655	$	58,627

The following table summarizes the Company’s revenue categories for the three and nine months ended March 31, 2020 (in thousands):

	Three Months Ended March 31,				Nine Months Ended March 31,
Timing of Revenue Recognition	2020		2019		2020		2019
Goods transferred at a point of time	$	7,353	$	11,613	$	34,071	$	43,394
Services transferred over time		5,320		4,019		15,584		15,233
Total Net Sales	$	12,673	$	15,632	$	49,655	$	58,627

Remaining Performance Obligations

The estimated recognition of the remaining unsatisfied performance obligations beyond one year is as follows (in thousands):

Years Ending June 30,	Amount
2020 (excluding the nine months ended March 31, 2020)	$	5,838
2021		5,457
2022		412
2023		4
2024		-
after 2024		-
Total	$	11,711

Contract Balances

Deferred commissions – The Company’s incremental direct costs of obtaining a contract, which consist primarily of sales commissions, are deferred and amortized based on the timing of revenue recognition over the period of contract performance.  As of March 31, 2020, capitalized commissions of $314,000 were included in “Other current assets” on the Consolidated Balance Sheet.  Commission expense recognized during the three and nine months ended March 31, 2020 was $50,000 and $467,000, respectively, is included in “Selling, general and administrative expense” in the Consolidated Statement of Operations.  Commission expense recognized during the three and nine months ended March 31, 2019 was $136,000 and $694,000, respectively, is included in “Selling, general and administrative expense” in the Consolidated Statement of Operations.

The change in the Company’s net Unbilled receivables / (Deferred revenue) from July 1, 2019 to March 31, 2020 was primarily due to the amount of revenue recognized as the Company satisfied performance obligations during the nine months ended March 31, 2020, partially offset by the amount and timing of invoicing during that same timeframe related to the Company’s Measurement Solutions and 3D Scanning Solutions.  During the nine months ended March 31, 2020, the Company recognized revenue of $4,892,000 that was included in “Deferred revenue” at July 1, 2019. During the nine months ended March 31, 2019, the Company recognized revenue of $4,990,000 that was included in “Deferred revenue” at July 1, 2018.