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Revenue and Deferred Revenue (Tables) | 3 Months Ended
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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,
| 2024 |  | 2023
(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) |  | 2025 |  | 2026 |  | 2027 |  | Total
(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, |  |
| 2024 |  | 2023 |  |  |  |
(in thousands) |  |  |  |  |  |  |
North America* | $ | 134,835 |  |  | $ | 147,755 |  |  |  |  |
International | 32,557 |  |  | 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, |  |
| 2024 |  | 2023 |  |  |  |
(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 |  |  |  |  |

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