2. Revenue

3 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

Revenue

2. Revenue

The following tables present our net revenue by product line and by geographic region. Net revenues by geographic region are based on the “bill-to” location of our customers:

	Three Months Ended September 30,
	2019		2018
	(In thousands)
IoT	$	10,221	$	8,967
IT Management		2,301		3,101
Other		219		211
	$	12,741	$	12,279

	Three Months Ended September 30,
	2019		2018
	(In thousands)
Americas	$	5,764	$	6,914
EMEA		4,521		3,520
Asia Pacific Japan		2,456		1,845
	$	12,741	$	12,279

Contract Balances

In certain instances, the timing of revenue recognition may differ from the timing of invoicing to our customers. We record a contract asset receivable when revenue is recognized prior to invoicing, and a contract or deferred revenue liability when revenue is recognized subsequent to invoicing. With respect to product shipments, we expect to fulfill contract obligations within one year and so we have elected not to separately disclose the amount nor the timing of recognition of these remaining performance obligations. For contract balances related to contracts that include services and multiple performance obligations, refer to the deferred revenue discussion below.

Deferred Revenue

Deferred revenue is currently comprised primarily of unearned revenue related to our extended warranty services. These services are generally invoiced at the beginning of the contract period and revenue is recognized ratably over the service period. Current and non-current deferred revenue balances represent revenue allocated to the remaining unsatisfied performance obligations at the end of a reporting period and are respectively included in other current liabilities and other non-current liabilities in the accompanying condensed consolidated balance sheets.

The following table presents the changes in our deferred revenue balance for the three months ended September 30, 2019 (in thousands):

Balance, July 1, 2019	$	486
New performance obligations		286
Performance obligations assumed from acquisition of Maestro		178
Recognition of revenue as a result of satisfying performance obligations		(346	)
Balance, September 30, 2019	$	604
Less: non-current portion of deferred revenue		(159	)
Current portion, September 30, 2019	$	445

We expect to recognize substantially all of the non-current portion of deferred revenue over the next two to four years.