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Revenue Recognition (Tables)
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of revenue
Disaggregated information is as follows (in thousands):
Three Months Ended March 31,
20242023
Primary geographical markets:
APAC
$7,257 $7,309 
Americas
7,244 2,584 
EMEA
2,572 3,089 
Total revenues$17,073 $12,982 
Contract with customer
The following table presents balances of contract assets, unbilled receivables, contract costs, and contract liabilities (in thousands):
March 31, 2024December 31, 2023
Contract assets$2,571 $815 
Unbilled receivables6,372 9,904 
Contract liabilities: deferred revenue$10,490 $10,761 
We recognized the following revenues (in thousands):
Three Months Ended March 31,
Revenue recognized in the period for:20242023
Amounts included in contract liabilities at the beginning of the period:
Performance obligations satisfied$371 $1,602 
Changes in the period:
Changes in the estimated transaction price allocated to performance obligations satisfied in prior periods189 (216)
Performance obligations satisfied from new activities in the period - contract revenue16,513 11,596 
Total revenues$17,073 $12,982 
Performance obligation, expected timing of satisfaction
The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting periods. The estimated revenue does not include contracts with original durations of one year or less, amounts of variable consideration attributable to royalties, or contract renewals that are unexercised as of March 31, 2024.
The balances in the table below are partially based on judgments involved in estimating future orders from customers subject to the exercise of material rights pursuant to respective contracts as of March 31, 2024 (in thousands):
Remainder of 2024
20252026
2027 and Thereafter
Total
Product revenue$9,850 $140 $140 $360 $10,490