SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2023

SEGMENT INFORMATION

SEGMENT INFORMATION

22. SEGMENT INFORMATION

In its operation of the business, management, including the Company’s chief operating decision maker, who is also Chief Executive Officer, reviews the business as one segment. The Company currently ships its product to markets in the Americas, Europe Middle East and Africa (“EMEA”), and Asia Pacific (“APAC”). Disaggregated revenue data for those markets is as follows (in thousands):

Revenue for the three months ended September 30, 2023

	Americas		EMEA		APAC		Total
Products	$	25,630	$	7,980	$	3,892	$	37,502
Services		2,826		2,081		341		5,248
Total	$	28,456	$	10,061	$	4,233	$	42,750

Revenue for the three months ended September 30, 2022

	Americas		EMEA		APAC		Total
Products	$	29,615	$	9,105	$	4,217	$	42,937
Services		2,457		1,279		413		4,149
Total	$	32,072	$	10,384	$	4,630	$	47,086

Revenue for the nine months ended September 30, 2023

	Americas		EMEA		APAC		Total
Products	$	79,233	$	30,634	$	11,730	$	121,597
Services		8,719		5,875		1,161		15,755
Total	$	87,952	$	36,509	$	12,891	$	137,352

Revenue for the nine months ended September 30, 2022

	Americas		EMEA		APAC		Total
Products	$	94,958	$	29,017	$	11,110	$	135,085
Services		8,001		4,427		953		13,381
Total	$	102,959	$	33,444	$	12,063	$	148,466

During the three and nine months ended September 30, 2023 and 2022, the Company recognized the following revenue from service contracts and cloud-based software licenses over time, and hardware and consumable product shipments and subscription software at a point in time (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Revenue recognized at a point in time	$	37,502	$	42,937	$	121,597	$	135,085
Revenue recognized over time		5,248		4,149		15,755		13,381
Total	$	42,750	$	47,086	$	137,352	$	148,466

The Company’s operations are principally in the United States. The locations of long-lived assets, including property, plant and equipment, net and operating lease right-of-use assets, are summarized as follows (in thousands):

	September 30,		December 31,
	2023		2022
Americas	$	48,294	$	56,145
EMEA		13,588		16,399
APAC		5,619		5,874
Total long-lived assets	$	67,501	$	78,418