XML 24 R14.htm IDEA: XBRL DOCUMENT v3.19.3
Revenue
9 Months Ended
Sep. 30, 2019
Revenue [Abstract]  
Revenue

NOTE 8. REVENUE

As of September 30, 2019, we had a total of $7.8 million of deferred service revenue from our service contracts, $6.4 million of which was recorded as “Deferred service revenue, current” to be recognized over the next year and the remaining $1.4 million was recorded as “Deferred service revenue, non-current” to be recognized in the next 2 to 4 years. Revenue recorded in the three and nine months ended September 30, 2019 includes $1.3 million and $5.7 million, respectively, of previously deferred revenue that was included in “Deferred service revenue, current” as of December 31, 2018. Contract assets as of September 30, 2019 and December 31, 2018 were not material.

As of September 30, 2019, we had a total of $0.4 million of deferred commissions included in “Prepaid expenses and other current assets” which is recognized as the related revenue is recognized. Additionally, as a practical expedient, we expense costs to obtain a contract as incurred if the amortization period would have been a year or less.

A summary of our revenue by geographic location for the three and nine months ended September 30, 2019 and 2018 is as follows (in thousands): 





 

 

 

 

 

 

 

 

 

 

 

 



Three Months Ended September 30,

 

Nine Months Ended September 30,

 



2019

 

2018

 

2019

 

2018

 

North America

$

10,393 

 

$

8,960 

 

$

33,165 

 

$

25,974 

 

Europe (including the Middle East and Africa)

 

4,940 

  

 

2,914 

 

 

11,423 

  

 

10,614 

 

Asia Pacific

 

6,582 

  

 

6,286 

 

 

18,373 

  

 

22,512 

 

Total

$

21,915 

  

$

18,160 

 

$

62,961 

  

$

59,100 

 



A summary of our revenue by category for the three and nine months ended September 30, 2019 and 2018 is as follows (in thousands):





 

 

 

 

 

 

 

 

 

 

 



Three Months Ended September 30,

 

Nine Months Ended September 30,

(in thousands)

2019

 

2018

 

2019

 

2018

Instrument revenue

$

11,583 

 

$

6,296 

 

$

29,870 

 

$

21,965 

Consumable revenue

 

6,901 

  

 

8,854 

 

 

23,321 

  

 

27,952 

Product revenue

 

18,484 

 

 

15,150 

 

 

53,191 

 

 

49,917 

Service and other revenue

 

3,431 

 

 

3,010 

 

 

9,770 

 

 

9,183 

Total revenue

$

21,915 

 

$

18,160 

 

$

62,961 

 

$

59,100