XML 130 R28.htm IDEA: XBRL DOCUMENT v3.22.2
Revenue (Tables)
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table disaggregates revenue by type of imagery and software analytical services and engineering and integration for the three and six months ended June 30, 2022 and 2021:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(in thousands)
Imagery$6,833 $1,384 $10,443 $2,848 
Data, software and analytics6,517 3,733 12,679 8,267 
Engineering & integration1,752 2,248 5,876 3,544 
Total revenue$15,102 $7,365 $28,998 $14,659 
The approximate revenue based on geographic location of customers is as follows for the three and six months ended June 30, 2022 and 2021:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(in thousands)
US$12,437 $6,236 $23,584 $12,359 
Middle East782 694 1,376 1,380 
Asia1,584 312 3,578 770 
Other299 123 460 150 
Total revenue$15,102 $7,365 $28,998 $14,659 
Backlog

Backlog represents the future sales we expect to recognize on firm orders received by the Company and is equivalent to the Company’s remaining performance obligations at the end of each period. It comprises both funded backlog (firm orders for which funding is authorized and appropriated) and unfunded backlog. The Company's Backlog excludes unexercised contract options. As of June 30, 2022, the Company had $108.0 million of backlog, which represents the transaction price of executed contracts less inception to date revenue recognized. The Company expects to recognize revenue relating to our backlog, of which a portion is recorded in deferred revenue in the unaudited condensed consolidated balance sheets, of $30.8 million, $45.6 million, and $31.6 million in the six months ending December 31, 2022, fiscal year 2023, and thereafter, respectively.
Schedules of Concentration of Risk, by Risk Factor
Revenue from significant customers for the three and six months ended June 30, 2022 and 2021 is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(in thousands)
U.S. federal government and agencies$12,162 $6,188 $23,225 $12,307 
International government2,742 1,177 5,487 2,352 
Commercial and other198 — 286 — 
Total revenue$15,102 $7,365 $28,998 $14,659 
As of June 30, 2022 and December 31, 2021, accounts receivable consisted of the following:
June 30,December 31,
20222021
(in thousands)
U.S. federal government and agencies$3,041 $2,576 
International government341 76 
Commercial and other35 16 
Allowance for doubtful accounts— (39)
Total accounts receivable$3,417 $2,629