XML 22 R10.htm IDEA: XBRL DOCUMENT
v3.24.3

Note 3 - Revenues | 9 Months Ended
--- | ---
Sep. 30, 2024
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] |
3. | Revenues
The following tables represent a disaggregation of revenues from contracts with customers for the three and nine months ended September 30, 2024 and 2023: Revenues by type were as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Instruments, equipment, software and accessories |  | $ | 20,543 |  |  | $ | 23,500 |  |  | $ | 64,594 |  |  | $ | 79,261 |
Service, maintenance and warranty contracts |  |  | 1,427 |  |  |  | 1,863 |  |  |  | 4,985 |  |  |  | 4,836 |
Total revenues |  | $ | 21,970 |  |  | $ | 25,363 |  |  | $ | 69,579 |  |  | $ | 84,097 |
Revenues by timing of recognition were as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Goods and services transferred at a point in time |  | $ | 21,119 |  |  | $ | 24,668 |  |  | $ | 66,845 |  |  | $ | 81,610 |
Goods and services transferred over time |  |  | 851 |  |  |  | 695 |  |  |  | 2,734 |  |  |  | 2,487 |
Total revenues |  | $ | 21,970 |  |  | $ | 25,363 |  |  | $ | 69,579 |  |  | $ | 84,097 |
Revenues by geographic destination were as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
United States |  | $ | 9,706 |  |  | $ | 12,017 |  |  | $ | 31,495 |  |  | $ | 36,655 |
Europe |  |  | 6,501 |  |  |  | 7,063 |  |  |  | 19,613 |  |  |  | 23,836 |
Greater China |  |  | 2,731 |  |  |  | 3,489 |  |  |  | 10,426 |  |  |  | 13,824 |
Rest of the world |  |  | 3,031 |  |  |  | 2,794 |  |  |  | 8,045 |  |  |  | 9,782 |
Total revenues |  | $ | 21,969 |  |  | $ | 25,363 |  |  | $ | 69,579 |  |  | $ | 84,097 |
Contract Liabilities The following table provides details of contract liabilities as of the periods indicated:
(dollars in thousands) |  | September 30, 2024 |  |  | December 31, 2023 |  |  | Change |  |  | Percentage |
Service, maintenance and warranty contracts |  | $ | 2,472 |  |  | $ | 2,849 |  |  | $ | (377 | ) |  |  | -13.2 | %
Customer advances |  |  | 1,217 |  |  |  | 1,659 |  |  |  | (442 | ) |  |  | -26.6 | %
Total contract liabilities |  | $ | 3,689 |  |  | $ | 4,508 |  |  | $ | (819 | ) |  |  | -18.2 | %
Changes in the Company’s contract liabilities are primarily due to the timing of receipt of payments under service, maintenance and warranty contracts and lower sales volumes. During the three months ended September 30, 2024 and 2023, the Company recognized revenues of $0.4 million and $1.0 million from contract liabilities existing at December 31, 2023 and 2022, respectively. During the nine months ended September 30, 2024 and 2023, the Company recognized revenues of $3.0 million and $2.3 million from contract liabilities existing at December 31, 2023 and 2022, respectively. Provision for Expected Credit Losses on Receivables Activity in the provision for expected credit losses on receivables was as follows:
|  | Nine Months Ended September 30, |
(in thousands) |  | 2024 |  |  | 2023 |
Balance, beginning of period |  | $ | 160 |  |  | $ | 191 |
Provision for expected credit losses |  |  | 13 |  |  |  | 9 |
Charge-offs and other |  |  | 1 |  |  |  | (56 | )
Balance, end of period |  | $ | 174 |  |  | $ | 144 |
Concentrations No customer accounted for more than 10% of revenues for the three and nine months ended September 30, 2024 and 2023. At September 30, 2024 and December 31, 2023, no customer accounted for more than 10% of net accounts receivable. Warranties Activity in the product warranties accrual was as follows:
|  | Nine Months Ended September 30, |
(in thousands) |  | 2024 |  |  | 2023 |
Balance, beginning of period |  | $ | 336 |  |  | $ | 268 |
Provision for warranties |  |  | 307 |  |  |  | 254 |
Warranty claims |  |  | (228 | ) |  |  | (214 | )
Balance, end of period |  | $ | 415 |  |  | $ | 308 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration