Quarterly report [Sections 13 or 15(d)]

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

v3.25.0.1
Revenue, Contract Assets, Contract Liabilities and Remaining Performance Obligations (Tables)
9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Geography

The following revenue disaggregated by geography, derived from billing addresses, was recognized:

 

 

Three Months Ended September 30, 2024

 

 

Nine Months Ended September 30, 2024

 

Americas (1)

 

$

14,304

 

 

 

50

%

 

$

50,864

 

 

 

57

%

EMEA(2)

 

 

12,334

 

 

 

43

%

 

 

31,729

 

 

 

36

%

Asia Pacific

 

 

1,930

 

 

 

7

%

 

 

6,199

 

 

 

7

%

Total

 

$

28,568

 

 

 

100

%

 

$

88,792

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2023

 

 

Nine Months Ended September 30, 2023

 

 

 

(As Restated)

 

 

(As Restated)

 

Americas (1)

 

$

9,534

 

 

 

43

%

 

$

37,772

 

 

 

51

%

EMEA(2)

 

 

8,890

 

 

 

40

%

 

 

25,482

 

 

 

35

%

Asia Pacific

 

 

3,702

 

 

 

17

%

 

 

10,154

 

 

 

14

%

Total

 

$

22,126

 

 

 

100

%

 

$

73,408

 

 

 

100

%

 

(1)
U.S. represented 44% and 42% of total revenue for the three and nine months ended September 30, 2024, respectively, and 37% and 42% of total revenue for the three and nine months ended September 30, 2023, respectively. Canada represented 15% of total revenue for the nine months ended September 30, 2024.
(2)
United Kingdom represented 11% and 13% of total revenue for the nine months ended September 30, 2024 and 2023, respectively. France represented 16% of total revenue for the three months ended September 30, 2024, and United Kingdom represented 15% of total revenue for the three months ended September 30, 2023.
Schedule of Changes in Contract With Customer Asset

Changes in contract assets for the nine months ended September 30, 2024 and 2023 were as follows:

 

2024

 

 

2023

 

 

 

 

 

 

(As Restated)

 

Balance as of January 1

 

$

4,917

 

 

$

2,881

 

Contract assets recorded during the period

 

 

3,967

 

 

 

3,233

 

Reclassified to accounts receivable during the period

 

 

(4,724

)

 

 

(2,880

)

Other

 

 

(12

)

 

 

(1

)

Balance as of September 30

 

$

4,148

 

 

$

3,233

 

Schedule of Changes in Contract With Customer Liability

Changes in contract liabilities for the nine months ended September 30, 2024 and 2023 were as follows:

 

2024

 

 

2023

 

 

 

 

 

 

(As Restated)

 

Balance as of January 1

 

$

49,101

 

 

$

34,873

 

Contract liabilities recorded during the period

 

 

33,650

 

 

 

29,286

 

Revenue recognized during the period

 

 

(33,202

)

 

 

(18,347

)

Other

 

 

231

 

 

 

(129

)

Balance as of September 30

 

$

49,780

 

 

$

45,683

 

Schedule of Revenue Remaining Performance Obligation Expected Timing of Satisfaction

The Company expects to recognize its remaining performance obligations as of September 30, 2024, over the following periods:

 

 

September 30, 2024

 

1 to 12 months

 

$

75,308

 

 

 

38

%

13 to 24 months

 

 

34,899

 

 

 

17

%

25 to 36 months

 

 

23,581

 

 

 

12

%

Remaining

 

 

66,329

 

 

 

33

%

Total

 

$

200,117

 

 

 

100

%