XML 37 R26.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Revenues (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Capitalized Contract Cost
The following tables presents the Company’s deferred contract costs and amortization of deferred contract costs (in thousands):
June 30,
2024		December 31,
2023
Deferred contract costs for affiliates
$552 $489 
Deferred contract costs for sales commission
$202 $— 
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Amortization of deferred contract costs related to affiliates
$282 $224 $563 $485 
Amortization of deferred contract costs related to sales commission
$14 $— $15 $— 
Contract with Customer, Contract Asset, Contract Liability, and Receivable
The following table presents information regarding the Company’s deferred revenue (in thousands):
June 30,
2024		December 31,
2023
Deferred revenue
$34,043 $30,049 
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Total revenue recognized, included in each deferred revenue balance at the beginning of each respective period
$11,255 $9,574 $17,882 $15,852 
Disaggregation of Revenue
The following table presents the Company’s total revenue disaggregated by product (in thousands):
Three Months Ended June 30,
Six Months Ended June 30,
2024202320242023
B2 Cloud Storage
$15,415 $10,799 $30,037 $20,776 
Computer Backup
15,870 13,790 31,216 27,207 
Total revenue(1)
$31,285 $24,589 $61,253 $47,983 
________________
(1) For the periods presented, Physical Media revenue has been consolidated into B2 Cloud Storage or Computer Backup revenue based on the underlying offering from which it originates.

The following table presents the Company’s total revenue disaggregated by timing of revenue recognition (in thousands):
Three Months Ended June 30,
Six Months Ended June 30,
2024202320242023
Consumption-based arrangements
$14,972 $10,688 $29,250 $20,593 
Subscription-based arrangements
16,177 13,765 31,744 27,104 
Physical Media (point in time)
136 136 259 286 
Total revenue
$31,285 $24,589 $61,253 $47,983 
Revenue by Geographic Area
Total revenue by geographic area, based on the location of the Company’s customers, was as follows (in thousands):
Three Months Ended June 30,
Six Months Ended June 30,
2024202320242023
United States$22,891 $17,509 $44,818 $34,225 
United Kingdom1,734 1,321 3,362 2,571 
Canada1,444 1,193 2,842 2,411 
Other5,216 4,566 10,231 8,776 
Total revenue$31,285 $24,589 $61,253 $47,983