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REVENUE RECOGNITION (Tables)
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation Revenue
The table below sets forth a summary of revenue by major service line:

Three Months Ended March 31,
(in thousands)20242023
Services:
IoT Connectivity (1)
$56,661 $43,244 
IoT Solutions2,979 4,090 
$59,640 $47,334 
Products:
Hardware (2)(3)
$16,335 $18,641 
Total$75,975 $65,975 

(1) Includes connectivity-related revenue from IoT Connectivity and IoT Solutions.
(2) Includes hardware-related revenue from IoT Connectivity and IoT Solutions.
(3) Includes $2.5 million and $2.2 million of bill-and-hold arrangements for the three months ended March 31, 2024 and 2023, respectively.

The table below sets forth a summary of revenue by geographic area:

Three Months Ended March 31,
(in thousands)20242023
United States$63,621 $50,050 
Other countries12,354 15,925 
Total$75,975 $65,975 
Schedule of Change in Contract Assets and Liabilities
The following table sets forth the change in contract assets, or unbilled receivables:

(in thousands)March 31, 2024December 31, 2023
Beginning balance$2,173 $— 
Revenue recognized during the period but not billed (1)
311 2,173 
Amounts reclassified to accounts receivable(261)— 
Ending balance$2,223 $2,173 

(1) Net of financing component of $0.4 million and $0.3 million as of March 31, 2024 and December 31, 2023, respectively.
The table below sets forth the change in contract liabilities, or deferred revenue:

(in thousands)March 31, 2024December 31, 2023
Beginning balance$9,044 $7,817 
Amounts billed but not recognized as revenue7,907 9,041 
Revenue recognized from balances held at the beginning of the period(9,044)(7,817)
Foreign exchange34 3 
Ending balance$7,941 $9,044