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Revenue Recognition | 6 Months Ended
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Dec. 31, 2023
Revenue Recognition |
Revenue Recognition | 2. REVENUE RECOGNITION ​ Disaggregation of Revenue ​ The following table presents our subscription and professional services revenue during the three and six months ended December 31, 2023 and 2022, respectively (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | ​ | Six Months Ended
​ | ​ | December 31, | ​ | ​ | December 31,
​ | 2023 |  | 2022 | ​ | 2023 |  | 2022
Revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
SaaS revenue | $ | 21,947 | ​ | $ | 23,429 | ​ | $ | 44,203 | ​ | $ | 46,057
Legacy revenue | ​ | 49 | ​ | ​ | 185 | ​ | ​ | 116 | ​ | ​ | 480
Total subscription revenue | ​ | 21,996 | ​ | ​ | 23,614 | ​ | ​ | 44,319 | ​ | ​ | 46,537
Professional services revenue |  | 1,819 | ​ |  | 1,986 | ​ |  | 3,672 | ​ |  | 3,826
Total revenue | $ | 23,815 | ​ | $ | 25,600 | ​ | $ | 47,991 | ​ | $ | 50,363
​ The following table presents our revenue recognized over-time and at a point-in-time during the three and six months ended December 31, 2023 and 2022, respectively (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | ​ | Six Months Ended
​ | ​ | December 31, | ​ | ​ | December 31,
​ | 2023 | ​ | 2022 | ​ | 2023 | ​ | 2022
Revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Over-time | $ | 21,016 | ​ | $ | 22,808 | ​ | $ | 42,441 | ​ | $ | 44,124
Point-in-time | ​ | 2,799 | ​ | ​ | 2,792 | ​ | ​ | 5,550 | ​ | ​ | 6,239
Total revenue | $ | 23,815 | ​ | $ | 25,600 | ​ | $ | 47,991 | ​ | $ | 50,363
​ The following table presents our revenue by geography. Revenue by geography is generally determined on the region of our contracting entity rather than the region of our customer. The relative proportion of our total revenue between each geographic region as presented in the table below was materially consistent across each of our operating regions’ revenue for the periods presented (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended | ​ | Six Months Ended
​ | December 31, | ​ | December 31,
​ | 2023 |  | 2022 | ​ | 2023 |  | 2022
Revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
North America | $ | 18,836 | ​ | $ | 19,802 | ​ | $ | 37,825 | ​ | $ | 38,922
Europe, Middle East, & Africa | ​ | 4,979 | ​ |  | 5,798 | ​ |  | 10,166 | ​ |  | 11,441
Total revenue | $ | 23,815 | ​ | $ | 25,600 | ​ | $ | 47,991 | ​ | $ | 50,363
Contract Balances Contract assets, if any, consist of unbilled receivables for completed performance obligations which have not been invoiced, and for which we do not have an unconditional right to consideration. Unbilled receivables are included in accounts receivable, less provision for credit losses on our condensed consolidated balance sheets. Contract liabilities consist of deferred revenue for which we have an obligation to transfer services to customers and have received consideration in advance or the amount is due from customers. Once the obligations are fulfilled, then deferred revenue is recognized to revenue in the respective period. ​ The following table presents our contract liabilities (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023 | ​ | June 30, 2023
Contract liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Deferred revenue | ​ | $ | 40,880 | ​ | $ | 47,762
Deferred revenue, net of current portion | ​ | ​ | 2,991 | ​ |  | 2,101
Total deferred revenue | ​ | $ | 43,871 | ​ | $ | 49,863
​ $10.5 million and $23.4 million of deferred revenue as of June 30, 2023 was recognized to revenue during the three and six months ended December 31, 2023, respectively. ​ ​ Remaining Performance Obligations ​ Remaining performance obligations represent contracted revenue that had not yet been recognized, and include deferred revenue, invoices that have been issued to customers but were uncollected and have not been recognized as revenue, and amounts that will be invoiced and recognized as revenue in future periods. The transaction price allocated to the remaining performance obligation is influenced by a variety of factors, including seasonality, timing of renewals, average contract terms and foreign currency exchange rates. As of December 31, 2023, our remaining performance obligations were $77.9 million of which we expect to recognize $55.8 million and $22.1 million as revenue within one year and beyond one year, respectively.

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