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Revenue
9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue

4. Revenue

Disaggregation of revenue

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

Minerva ES

 

46.8%

 

 

46.1%

 

 

45.1%

 

 

46.8%

Genesys HTA

 

28.4%

 

 

31.2%

 

 

29.5%

 

 

32.0%

Symphion

 

24.1%

 

 

22.0%

 

 

24.8%

 

 

20.2%

Other

 

0.7%

 

 

0.7%

 

 

0.6%

 

 

1.0%

 

 

100%

 

 

100%

 

 

100%

 

 

100%

For the three months ended September 30, 2022 and 2021, approximately 99.9% and 99.0% of the Company’s revenue is subject to point-in-time recognition for single-use (disposable) products and capital equipment across all revenue streams. Sale of extended warranties on capital equipment within other revenue represents less than 0.1% and 1.0% of the Company’s revenue for the three-month periods ended on September 30, 2022 and 2021. In addition, for the three months ended September 30, 2022 and 2021, 97.0% and 98.1% 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 nine months ended September 30, 2022 and 2021, approximately 99.9% and 99.0% of the Company’s revenue is subject to point-in-time recognition for single-use (disposable) products and capital equipment across all revenue streams. Sale of extended warranties on capital equipment within other revenue represents less than 0.1% and 1.0% of the Company’s revenue for the nine-month periods ended on September 30, 2022 and 2021, respectively. In addition, for the nine months ended September 30, 2022 and 2021, 98.0% and 96.8% 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):

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

 

 

 

 

 

2022

 

2021

Accounts receivable, net

 

 

 

 

 

 

$

6,791

 

$

7,292

Contract liability—current (see "Note 6")

 

 

 

 

 

 

$

362

 

$

206