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Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table provides information about disaggregated revenue from contracts with customers by g eographic regions. The geographic regions that are tracked are the Americas (United States, Canada, and Latin America), EMEA (Europe, Middle East, and Africa), and APAC (Australia, New Zealand, Southeast Asia, and China). Disaggregated information is as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Primary geographical markets: |  |  |  |  |  |  |
Americas | $ | 1,046 |  |  | $ | 3,937 |  |  | $ | 8,289 |  |  | $ | 6,521 |
EMEA | 1,967 |  |  | 8,349 |  |  | 4,539 |  |  | 11,438 |
APAC | 4,966 |  |  | 9,037 |  |  | 12,224 |  |  | 16,346 |
Total revenues | $ | 7,979 |  |  | $ | 21,323 |  |  | $ | 25,052 |  |  | $ | 34,305 |
Contract with Customer | The following table presents balances of contract assets, unbilled receivables, contract costs, and contract liabilities (in thousands):
| June 30, 2024 |  | December 31, 2023
Contract assets | $ | 3,213 |  |  | $ | 815 |
Unbilled receivables | $ | 5,545 |  |  | $ | 9,904 |
Contract liabilities: deferred revenue | $ | 10,000 |  |  | $ | 10,761 |
We recognized the following revenues (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
Revenue recognized in the period for: | 2024 |  | 2023 |  | 2024 |  | 2023
Amounts included in contract liabilities at the beginning of the period: |  |  |  |  |  |  |
Performance obligations satisfied | $ | 129 |  |  | $ | 6,107 |  |  | $ | 500 |  |  | $ | 7,814 |
Changes in the period: |  |  |  |  |  |  |
Changes in the estimated transaction price allocated to performance obligations satisfied in prior periods | (695) |  |  | 3,356 |  |  | (543) |  |  | 3,140 |
Performance obligations satisfied from new activities in the period - contract revenue | 8,545 |  |  | 11,860 |  |  | 25,095 |  |  | 23,351 |
Total revenues | $ | 7,979 |  |  | $ | 21,323 |  |  | $ | 25,052 |  |  | $ | 34,305 |
Performance Obligation, Expected Timing of Satisfaction | The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting periods. The estimated revenue does not include contracts with original durations of one year or less, amounts of variable consideration attributable to royalties, or contract renewals that are unexercised as of June 30, 2024. The balances in the table below a re partially based on judgments involved in estimating future orders from customers subject to the exercise of material rights pursuant to respective contracts as of June 30, 2024 (in thousands):
| Remainder of 2024 |  | 2025 |  | 2026 |  | 2027 and Thereafter |  |  |  | Total
Product revenue | $ | 9,800 |  |  | $ | 100 |  |  | $ | 100 |  |  | $ | — |  |  |  |  | $ | 10,000 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
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