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Revenue
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The Company accounts for revenue in accordance with ASC 606, Revenue from Contracts with Customers. The Company provides quality, quick-turn prototyping and on-demand manufacturing services. As a result, the majority of revenue recognized in a reporting period is based on completed, invoiced contracts.
The Company manufactures parts that have no alternative use to the Company since the parts are custom made to specific customer orders, and the Company believes there is a legally enforceable right to payment for performance completed to date on these manufactured parts. For manufactured parts that meet these two criteria, the Company will recognize revenue over time. Revenue is recognized over time using the input method based on time in production as a percentage of total estimated production time to measure progress toward satisfying performance obligations using the estimated total time necessary to complete the parts per the customer's order and an estimate of inventory and production costs incurred to date. The value of unbilled receivables related to the performance on manufactured parts not yet completed as of December 31, 2024 and 2023 was $10.1 million and $10.1 million, respectively, recorded within accounts receivable, net of allowance for doubtful accounts. The value of unsatisfied performance obligations for contracts with an
original expected length of one year or less as of December 31, 2024 and 2023 was $8.7 million and $9.8 million, respectively, recorded within accrued liabilities.
Revenue by geographic region for the years ended December 31, 2024, 2023 and 2022 was as follows:
Year Ended December 31,
(in thousands)202420232022
Revenue:
United States$396,192 $396,821 $387,399 
Europe104,698 107,056 92,770 
Japan— — 8,229 
Total revenue$500,890 $503,877 $488,398 
Revenue by product line for the years ended December 31, 2024, 2023 and 2022 was as follows:
Year Ended December 31,
(in thousands)202420232022
Revenue:
Injection Molding$194,215 $203,941 $200,578 
CNC Machining206,887 198,222 188,372 
3D Printing83,767 84,291 78,988 
Sheet Metal15,265 16,540 19,498 
Other Revenue756 883 962 
Total revenue$500,890 $503,877 $488,398 
The Company generally expenses sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within marketing and sales expenses.