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Revenue Recognition | 6 Months Ended
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Jun. 30, 2026
Revenues [Abstract] |
Revenue Recognition | 5. Revenue Recognition Geographic Net Revenue The Company sells its products in the Americas (North and South America), EMEA (Europe, Middle East, and Africa), and APAC (Asia-Pacific) regions. The following table summarizes net revenue by major geographic region:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(in thousands) |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
EMEA(1) |  | $ | 18,566 |  |  | $ | 18,259 |  |  | $ | 36,088 |  |  | $ | 29,811 |
Americas(2) |  |  | 4,280 |  |  |  | 4,595 |  |  |  | 9,554 |  |  |  | 9,314 |
APAC |  |  | 2,560 |  |  |  | 1,201 |  |  |  | 4,961 |  |  |  | 3,769 |
Total net revenue |  | $ | 25,406 |  |  | $ | 24,055 |  |  | $ | 50,603 |  |  | $ | 42,894 |
(1) Our net revenues generated from Germany, the Czech Republic, and Italy represented 22.8%, 15.6% and 12.3% of our total net revenue for the three months ended June 30, 2026, respectively. Our net revenues generated from Germany, the Czech Republic, and Italy represented 22.6%, 20.4% and 10.8% of our total net revenue for the three months ended June 30, 2025. Our net revenues generated from Germany, the Czech Republic, and Italy represented 16.4%, 16.0% and 15.6% of our total net revenue for the six months ended June 30, 2026, respectively. Our net revenues generated from Germany, the Czech Republic, the United Kingdom and Italy represented 19.3%, 16.1%, 11.6% and 10.9% of our total net revenue for the six months ended June 30, 2025, respectively. (2) Our net revenues generated from the United States represented 15.8% and 17.8% of our total net revenue for the three and six months ended June 30, 2026, respectively. Our net revenues generated from the United States represented 17.4% and 19.5% of our total net revenue for the three and six months ended June 30, 2025, respectively. Deferred Revenue Deferred revenue or contract liabilities consists of payments received from customers in advance of revenue recognition for the Company’s products and services. The current portion of deferred revenue represents the unearned revenue that will be earned within 12 months of the balance sheet date. Correspondingly, noncurrent deferred revenue represents the unearned revenue that will be earned after 12 months from the balance sheet date. The following table summarizes the changes in deferred revenue:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(in thousands) |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Balance at the beginning of the period |  | $ | 1,344 |  |  | $ | 1,378 |  |  | $ | 1,821 |  |  | $ | 1,169 |
Deferral of revenue |  |  | 1,959 |  |  |  | 5,108 |  |  |  | 4,016 |  |  |  | 8,909 |
Recognition of unearned revenue |  |  | (1,990 | ) |  |  | (4,864 | ) |  |  | (4,524 | ) |  |  | (8,456 | )
Balance at the end of the period |  | $ | 1,313 |  |  | $ | 1,622 |  |  | $ | 1,313 |  |  | $ | 1,622 |
As of June 30, 2026, the Company expects to recognize $1.3 million from remaining performance obligations over a weighted average term of 3.9 years. The Company recognized approximately $0.2 million and $0.8 million in revenue that was included in the beginning contract liabilities balance during the three and six months ended June 30, 2026, respectively. The Company recognized approximately $0.3 million and $0.6 million in revenue that was included in the beginning contract liabilities balance during the three and six months ended June 30, 2025, respectively. Product Warranty The Company estimates the cost of its warranty obligations based on several key estimates: the warranty period (which vary from 5 to 25 years depending on the product), its historical experience of known product failure rates, use of materials to repair or replace defective products and parts, and service delivery costs incurred in correcting product failures. In addition, from time to time, specific warranty accruals may be made if unforeseen technical problems arise. Should the actual experience relative to these factors differ from the estimates, the Company may be required to record additional warranty reserves. Product warranty costs are recorded as expense to cost of revenue based on customer history, historical information and current trends. The following table summarizes the changes in product warranty liability:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(in thousands) |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Balance at the beginning of the period |  | $ | 9,579 |  |  | $ | 7,324 |  |  | $ | 9,344 |  |  | $ | 5,798 |
Provision for warranty issued during period |  |  | 422 |  |  |  | 986 |  |  |  | 821 |  |  |  | 1,349 |
Changes in estimate |  |  | (582 | ) |  |  | (40 | ) |  |  | (635 | ) |  |  | 1,240 |
Settlements |  |  | (98 | ) |  |  | (143 | ) |  |  | (209 | ) |  |  | (260 | )
Balance at the end of the period |  | $ | 9,321 |  |  | $ | 8,127 |  |  | $ | 9,321 |  |  | $ | 8,127 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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