Revenue

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Disaggregation of Revenue

Revenue by service offering consisted of the following:

(In thousands)	Three Months Ended March 31, 2022		Three Months Ended March 31, 2021
Services	$	25,686	$	8,138
Licenses and subscriptions	1,781		3,658
Products	8,505		1,020
Total revenue	$	35,972	$	12,816

Revenue by geography consisted of the following:

(In thousands)	Three Months Ended March 31, 2022		Three Months Ended March 31, 2021
Americas	$	32,663	$	9,226
Europe	—		3,000
Asia	3,309		590
Total revenue	$	35,972	$	12,816

Our revenue is entirely derived from the healthcare industry. Revenue recognized over-time was approximately 71% and 69% of total revenue during the three months ended March 31, 2022 and 2021.

Contract Assets

There were no impairments of contract assets, consisting of unbilled receivables, during the three months ended March 31, 2022 and 2021.

The change in contract assets was as follows:

(In thousands)	Three Months Ended March 31, 2022		Three Months Ended March 31, 2021
Unbilled receivables, beginning of period	$	784	$	3,536
Reclassifications to billed receivables	(232)		(1,192)
Revenues recognized in excess of period billings	285		4,082
Unbilled receivables, end of period	$	837	$	6,426

Contract Liabilities

The change in contract liabilities, consisting of deferred revenue, was as follows:

(In thousands)	Three Months Ended March 31, 2022		Three Months Ended March 31, 2021
Deferred revenue, beginning of period	$	2,649	$	397
Revenues recognized from balances held at the beginning of the period	(1,581)		(201)
Net revenues deferred from period collections on unfulfilled performance obligations	664		227
Ending balance	$	1,732	$	423

Revenue recognized ratably over time is generally billed in advance and includes SaaS internet hosting, subscriptions, construction of digital dispensaries, and related consulting, implementation, services support, and advisory services.

Revenue recognized as delivered over time includes professional services billed on a time and materials basis, and fixed fee professional services and training classes that are primarily billed, delivered, and recognized within the same reporting period.

Approximately 4% of revenue recognized during the three months ended March 31, 2022 was from the deferred revenue balance existing as of December 31, 2021. Approximately 2% of revenue recognized during the three months ended March 31, 2021 was from the deferred revenue balance existing as of December 31, 2020.

Remaining Performance Obligations

The Company's remaining performance obligation is expected to be recognized evenly over the next 36 months and is shown in the table below.

Remaining performance obligations consisted of the following at March 31, 2022:

(In thousands)	Total		Remaining 2022	2023 - 2024
Subscriptions	$	6,583	1,819	4,763
Total	$	6,583	1,819	4,763