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Revenue
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue

4. Revenue

Disaggregation of revenue

 

 

 

Three Months Ended June 30

 

 

Six Months Ended June 30

 

 

2022

 

 

2021

 

 

2022

 

 

2021

Minerva ES

 

44.5%

 

 

47.7%

 

 

44.3%

 

 

47.1%

Genesys HTA

 

29.7%

 

 

32.1%

 

 

30.0%

 

 

32.4%

Symphion

 

25.2%

 

 

19.4%

 

 

25.1%

 

 

19.4%

Other

 

0.6%

 

 

0.8%

 

 

0.6%

 

 

1.1%

 

 

100%

 

 

100%

 

 

100%

 

 

100%

For the three months ended June 30, 2022 and 2021, approximately 99.4% and 99.2% of the Company’s revenue is subject to point-in-time recognition for single-use (disposable) products and capital equipment. Sale of extended warranties on capital equipment represents less than 1.00% of the Company’s revenue for the three-month periods ended on June 30, 2022 and 2021. In addition, for the three months ended June 30, 2022 and 2021, 98.8% and 97.6% of the Company’s total revenue is derived from the sale of single-use (disposable) products; therefore, the Company did not include disaggregated revenue data to present the amounts attributed to capital equipment, associated warranties, and miscellaneous revenue separately.

For the six months ended June 30, 2022 and 2021, approximately 99.4% and 98.9% of the Company’s revenue is subject to point-in-time recognition for single-use (disposable) products and capital equipment. Sale of extended warranties on capital equipment represents less than 1.00% and 1.00% of the Company’s revenue for the six-month periods ended on June 30, 2022 and 2021, respectively. In addition, for the six months ended June 30, 2022 and 2021, 98.5% and 97.0% of the Company’s total revenue is derived from the sale of single-use (disposable) products; therefore, the Company did not include disaggregated revenue data to present the amounts attributed to capital equipment, associated warranties, and miscellaneous revenue separately.

Contract balances

The Company’s contract balances consist of the following (in thousands):

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

 

 

 

 

 

 

2022

 

2021

Accounts receivable

 

 

 

 

 

 

$

7,017

 

$

7,292

Contract liability—current (see "Note 6")

 

 

 

 

 

 

$

304

 

$

206