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Revenue and Deferred Revenue
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue and Deferred Revenue

3. Revenue and Deferred Revenue

Disaggregation of Revenue

Revenue by source consists of the following (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Consoles

 

$

7,091

 

 

$

9,210

 

Consumables

 

 

14,203

 

 

 

11,218

 

Total product revenue

 

 

21,294

 

 

 

20,428

 

Service and other revenue

 

 

8,458

 

 

 

7,740

 

Total revenue

 

$

29,752

 

 

$

28,168

 

 

 

Remaining Performance Obligations and Contract Liabilities

As of March 31, 2025, the aggregate amount of the transaction price allocated to the remaining performance obligations related to customer service contracts that are unsatisfied or partially unsatisfied was $14.0 million, which is recorded as deferred revenue on the Company’s condensed balance sheets. Of that amount, $13.2 million will be recognized as revenue during the next 12 months and $0.8 million thereafter.

The contract liabilities consist of deferred revenue which represents payments received in advance of revenue recognition. Revenue under these agreements is recognized over the related service period. During the three months ended March 31, 2025, the Company recognized $5.9 million of previously deferred revenue.