Revenue from Contracts with Customers

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

13. Revenue from Contracts with Customers

Disaggregation of revenue

The Company disaggregates its revenue by product and service in the condensed consolidated statements of operations and comprehensive (loss) income. Performance obligations related to product revenue are recognized at a point in time, while performance obligations related to service revenue are recognized over time. The Company also disaggregates its revenue based on geographic locations of its customers, as determined by the customer’s shipping address, summarized as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
North America:
U.S.	$	22,697	$	23,951	$	36,232	$	60,863
Canada		9,340		24,550		25,099		50,788
Total North America		32,037		48,501		61,331		111,651
Europe, Middle East and Africa:		4,886		6,577		11,166		12,931
Asia-Pacific:
Australia		20,774		20,800		37,292		44,198
Other		7,411		8,893		15,591		15,694
Total Asia-Pacific		28,185		29,693		52,883		59,892
Latin America		5,728		7,959		9,855		12,533
Total revenue(1)	$	70,836	$	92,730	$	135,235	$	197,007

(1) Other than the U.S., Canada and Australia, no individual countries represented 10% or more of the Company’s total revenue for any of the periods presented.

The Company also disaggregates its revenue based on product line summarized as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Product revenue:
Wireless	$	27,100	$	33,323	$	48,156	$	73,011
Fixed telco		15,939		16,137		27,654		31,022
Cable		16,102		31,009		35,876		70,234
Total product revenue		59,141		80,469		111,686		174,267
Service revenue:
Wireless		1,410		1,684		2,885		2,275
Fixed telco		1,187		1,043		2,711		2,649
Cable		9,098		9,534		17,953		17,816
Total service revenue		11,695		12,261		23,549		22,740
Total revenue	$	70,836	$	92,730	$	135,235	$	197,007

Contract Balances

Contract liabilities consist of deferred revenue and include payments received in advance of performance under the contract. Such amounts are recognized as revenue when the Company satisfies its performance obligations, consistent with the above methodology. During the three and six months ended June 30, 2022, the Company recognized $2,855 and $8,491, respectively, of revenue that was included in deferred revenue in the condensed consolidated balance sheet as of December 31,

2021. During the three and six months ended June 30, 2021, the Company recognized $4,969 and $11,979, respectively, of revenue that was included in deferred revenue in the condensed consolidated balance sheet as of December 31, 2020.

The Company receives payments from customers based upon contractual billing terms. Accounts receivable are recorded when the right to consideration becomes unconditional. Contract assets include amounts related to the Company’s contractual right to consideration for both completed and partially completed performance obligations that may not have been invoiced. As of June 30, 2022 and December 31, 2021, the Company included contract assets of $911 and $95, respectively, in accounts receivable, net in the condensed consolidated balance sheets.

Transaction Price Allocated to the Remaining Performance Obligations

As of June 30, 2022, the aggregate remaining amount of revenue expected to be recognized related to unsatisfied or partially unsatisfied performance obligations was $44,418, which consists of deferred revenue. The Company expects approximately 86% of this amount to be recognized in the next twelve months with the remaining amount to be recognized over the next two to five years.

Other Revenue Recognition Policies

The Company’s customary payment terms are generally 90 days or less. If the Company provides extended payment terms that represent a significant financing component, the Company adjusts the amount of promised consideration for the time value of money using an appropriate discount rate and recognizes interest income separate from the revenue recognized on contracts with customers. During the three months ended June 30, 2022 and 2021, the Company recorded interest income of $4 and $13, respectively, and during the six months ended June 30, 2022 and 2021, the Company recorded interest income of $9 and $47, respectively, which was recorded in the condensed consolidated statements of operations and comprehensive (loss) income.