SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2024

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 June 30, 2024

	Americas		EMEA		APAC		Total
Products	$	18,454		8,632		4,325	$	31,411
Services		5,425		1,800		296		7,521
Total	$	23,879	$	10,432	$	4,621	$	38,932

Revenue for the three months ended June 30, 2023

	Americas		EMEA		APAC		Total
Products	$	29,344	$	13,933	$	4,121	$	47,398
Services		3,110		2,257		521		5,888
Total	$	32,454	$	16,190	$	4,642	$	53,286

Revenue for the six months ended June 30, 2024

	Americas		EMEA		APAC		Total
Products	$	44,465		15,948		6,629	$	67,042
Services		7,997		3,933		560		12,490
Total	$	52,462	$	19,881	$	7,189	$	79,532

Revenue for the six months ended June 30, 2023

	Americas		EMEA		APAC		Total
Products	$	53,602	$	22,655	$	7,838	$	84,095
Services		5,893		3,794		820		10,507
Total	$	59,495	$	26,449	$	8,658	$	94,602

During the three and six months ended June 30, 2024 and 2023, 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				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Revenue recognized at a point in time	$	31,411	$	47,398	$	67,042	$	84,095
Revenue recognized over time		7,521		5,888		12,490		10,507
Total	$	38,932	$	53,286	$	79,532	$	94,602

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):

	June 30,		December 31,
	2024		2023
Americas	$	30,953	$	46,390
EMEA		12,877		13,320
APAC		4,975		5,853
Total long-lived assets	$	48,805	$	65,563