SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

SEGMENT INFORMATION

Schedule of disaggregation of revenue by geographic areas

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

Schedule of disaggregation of revenue

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

Schedule of long lived assets

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