Quarterly report pursuant to Section 13 or 15(d)

Revenue, Contract Assets, Contract Liabilities and Remaining Performance Obligations (Tables)

v3.24.1.1.u2
Revenue, Contract Assets, Contract Liabilities and Remaining Performance Obligations (Tables)
3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Geography

The following revenue disaggregated by geography was recognized:

 

 

 

Three Months Ended March 31, 2024

 

 

Three Months Ended March 31, 2023

 

Americas (1)

 

$

14,249

 

 

 

56

%

 

$

12,807

 

 

 

53

%

EMEA(2)

 

 

9,264

 

 

 

36

%

 

 

8,703

 

 

 

36

%

Asia Pacific

 

 

2,175

 

 

 

8

%

 

 

2,658

 

 

 

11

%

Total

 

$

25,688

 

 

 

100

%

 

$

24,168

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)
U.S. represented 48% and 50% for the three months ended March 31, 2024 and 2023, respectively.
(2)
United Kingdom represented 14% for each of the three months ended March 31, 2024 and 2023.
Schedule of Changes in Contract With Customer Asset

Changes in contract assets for the three months ended March 31, 2024 and 2023 were as follows:

 

 

2024

 

 

2023

 

Balance as of December 31

 

$

6,215

 

 

$

3,353

 

Contract assets recorded during the period

 

 

3,948

 

 

 

3,306

 

Reclassified to accounts receivable

 

 

(4,929

)

 

 

(2,451

)

Other

 

 

(29

)

 

 

5

 

Balance as of March 31

 

$

5,205

 

 

$

4,213

 

Schedule of Changes in Contract With Customer Liability

Changes in contract liabilities for the three months ended March 31, 2024 and 2023 were as follows:

 

 

2024

 

 

2023

 

Balance as of December 31

 

$

23,428

 

 

$

16,628

 

Contract liabilities recorded during the period

 

 

10,709

 

 

 

7,978

 

Revenue recognized during the period

 

 

(10,102

)

 

 

(6,719

)

Other

 

 

(205

)

 

 

104

 

Balance as of March 31

 

$

23,830

 

 

$

17,991