Revenue and Deferred Revenue

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue and Deferred Revenue

3. Revenue and Deferred Revenue

Disaggregation of Revenue

Revenue by source consists of the following (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Consoles	$	7,161	$	19,684	$	16,371	$	38,547
Consumables		12,077		9,646		23,295		18,562
Total product revenue		19,238		29,330		39,666		57,109
Service and other revenue		8,150		6,710		15,890		12,398
Total revenue	$	27,388	$	36,040	$	55,556	$	69,507

Remaining Performance Obligations and Contract Liabilities

As of June 30, 2024, the aggregate amount of the transaction price allocated to the remaining performance obligations related to customer service contracts that are unsatisfied or partially unsatisfied was $13.2 million, which is recorded as deferred revenue on the Company’s condensed balance sheets. Of that amount, $13.1 million will be recognized as revenue during the next 12 months and $0.1 million thereafter.

The contract liabilities consist of deferred revenue which represents payments received in advance of revenue recognition. Revenue under these agreements is recognized over the related service period. During the three and six months ended June 30, 2024, the Company recognized $3.3 million and $8.8 million of previously deferred revenue, respectively.