Revenue

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue

5. Revenue

Disaggregation of Revenue

The Company earns revenue through the sale of imagery and software analytical services and professional and engineering services. The Company’s management primarily disaggregates revenue as follows: (i) imagery; (ii) data, software and analytics; and (iii) professional and engineering services. This disaggregation allows the Company to evaluate market trends in certain imagery and software analytical services and professional and engineering services. These offerings currently have both recurring and non-recurring price attributes, particularly the professional and engineering services offerings.

The following table disaggregates revenue by type for the years ended December 31, 2022 and 2021:

	Years Ended December 31,
	2022		2021
	(in thousands)
Imagery	$	34,242	$	8,648
Data, software and analytics	13,173		6,717
Engineering services	9,372		9,039
Professional services	8,563		9,681
Total revenue	$	65,350	$	34,085

The approximate revenue based on geographic location of customers is as follows for the years ended December 31, 2022 and 2021:

	Years Ended December 31,
	2022		2021
	(in thousands)
North America	$	54,052	$	29,557
Middle East	3,459		2,661
Asia	6,246		1,300
Other	1,593		567
Total revenue	$	65,350	$	34,085

Revenue from significant customers for the years ended December 31, 2022 and 2021 is as follows:

	Years Ended December 31,
	2022		2021
	(in thousands)
U.S. federal government and agencies	$	53,186	$	29,382
International governments	11,375		4,102
Commercial and other	789		601
Total revenue	$	65,350	$	34,085

As of December 31, 2022 and 2021, accounts receivable consisted of the following:

	December 31,		December 31,
	2022		2021
	(in thousands)
U.S. federal government and agencies	$	2,540	$	2,576
International government	261		76
Commercial and other	311		16
Allowance for doubtful accounts	—		(39)
Total accounts receivable	$	3,112	$	2,629

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 December 31, 2022, the Company had $259.4 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 consolidated balance sheets, of $63.0 million, $28.5 million, and $167.9 million in the fiscal year 2023, 2024, and thereafter, respectively.