Revenues

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

Deferred Contract Costs

The Company’s amortization of deferred contract costs was $0.2 million for the three months ended March 31, 2022 and 2021, respectively. The amount of capitalized contract costs was $0.4 million as of March 31, 2022 and December 31, 2021, respectively.

Deferred Revenue

Deferred revenue was $25.8 million and $24.9 million as of March 31, 2022 and December 31, 2021, respectively. Revenue recognized during the three months ended March 31, 2022 and 2021 was approximately $8.5 million and $7.1 million, respectively, which was included in each deferred revenue balance at the beginning of each respective period. The Company’s deferred revenue as stated on the condensed balance sheets presented approximate its contract liability balance as of March 31, 2022 and December 31, 2021. The Company’s deferred revenue balance as of March 31, 2022, approximates the aggregate amount of the transaction price allocated to remaining performance obligations (“RPOs”) as of that date. Further, as of March 31, 2022, the Company’s deferred revenue, current, balance on its condensed balance sheet of $22.6 million approximates the expected amount to be recognized from its RPOs as revenue over the next 12 months.

Disaggregation of Revenues

The following table presents the Company’s revenues disaggregated by timing of revenue recognition (in thousands):

	For the Three Months Ended March 31,
	2022		2021
Consumption-based arrangements (B2 Cloud Storage)	$	6,987	$	4,715
Subscription-based arrangements (Computer Backup)	12,309		10,392
Physical Media	194		205
Total revenue	$	19,490	$	15,312

Revenue by geographic area, based on the location of the Company’s customers, was as follows (in thousands):

	For the Three Months Ended March 31,
	2022		2021
United States	$	13,982	$	11,080
Other	5,508		4,232
Total	$	19,490	$	15,312