Revenue from Contracts with Customers

3 Months Ended

Sep. 30, 2020

Revenue From Contract With Customer [Abstract]

Revenue from Contracts with Customers

4.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 September 30,
Geographic Region:	2020		2019
Americas Sales	$	3,627	$	6,167
Europe Sales		6,910		7,120
Asia Sales		3,396		4,563
Total Net Sales	$	13,933	$	17,850

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

	Three Months Ended September 30,
Product Lines	2020		2019
Measurement Solutions	$	13,289	$	16,168
3D Scanning Solutions		94		945
Value Added Service		550		737
Total Net Sales	$	13,933	$	17,850

The following table summarizes the Company’s revenue categories for the three months ended September 30, 2020 (in thousands):

	Three Months Ended September 30,
Timing of Revenue Recognition	2020		2019
Goods transferred at a point of time	$	10,046	$	13,176
Services transferred over time		3,887		4,674
Total Net Sales	$	13,933	$	17,850

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
2021 (excluding the three months ended September 30, 2020)	$	14,573
2022		1,657
2023		23
2024		144
2025		-
after 2025		-
Total	$	16,397

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 September 30, 2020, capitalized commissions of $256,000 were included in “Other current assets” on the Consolidated Balance Sheet.  Commission expense recognized during the three months ended September 30, 2020 and 2019 was $273,000 and $190,000, 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, 2020 to September 30, 2020 was primarily due to the amount of revenue recognized as the Company satisfied performance obligations during the three months ended September 30, 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 three months ended September 30, 2020, the Company recognized revenue of $2,517,000 that was included in “Deferred revenue” at July 1, 2020. During the three months ended September 30, 2019, the Company recognized revenue of $3,573,000 that was included in ‘Deferred revenue’ at July 1, 2019.