Revenue from Contracts with Customers

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

14. 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. 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,
	2023		2022		2023		2022
North America:
United States	$	15,345	$	22,697	$	32,571	$	36,232
Canada		11,773		9,340		15,557		25,099
Total North America		27,118		32,037		48,128		61,331
Europe, Middle East and Africa:		5,520		4,886		11,428		11,166
Asia-Pacific:
Australia		13,079		20,774		25,841		37,292
Other		5,842		7,411		9,646		15,591
Total Asia-Pacific		18,921		28,185		35,487		52,883
Latin America		6,444		5,728		8,257		9,855
Total revenue(1)	$	58,003	$	70,836	$	103,300	$	135,235

(1) Other than the United States, 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 lines as determined by the technical characteristics of the product. As telecommunication technologies, and the market for them evolves, the categorization of our products is subject to shifts that management monitors and reevaluates as necessary. Accordingly, beginning with the three months ended March 31, 2023, the Company updated its product line reporting. Revenue amounts for the three and six months ended June 30, 2022 have been reclassified to conform with 2023 reporting.

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Product revenue:
Access devices	$	26,984	$	35,005	$	51,892	$	66,753
Cable		18,727		16,102		25,645		35,875
Cloud		276		8,034		3,699		9,058
Total product revenue		45,987		59,141		81,236		111,686
Service revenue:
Access devices	$	1,233	$	1,869		2,079		3,630
Cable		8,766		9,097		17,182		17,953
Cloud		2,017		729		2,803		1,966
Total service revenue		12,016		11,695		22,064		23,549
Total revenue	$	58,003	$	70,836	$	103,300	$	135,235

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 Company's revenue recognition policy. During the three and six months ended June 30, 2023, the Company recognized revenue of $3,368 and $10,605, respectively, that was included in deferred revenue in the condensed consolidated balance sheet as of December 31, 2022. During the three and six months ended June 30, 2022, the Company recognized revenue of $2,855 and $8,491, respectively, that was included in deferred revenue in the condensed consolidated balance sheet as of December 31, 2021.

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, 2023 and December 31, 2022, the Company included contract assets of $3,533 and $2,674, respectively, in accounts receivable, net in the condensed consolidated balance sheets.

Transaction Price Allocated to the Remaining Performance Obligations

As of June 30, 2023, the aggregate remaining amount of revenue expected to be recognized related to unsatisfied or partially unsatisfied performance obligations was $58,197, which consisted of deferred revenue. The Company expects approximately 92% 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.