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Revenue
9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue

Note 2. Revenue

Disaggregation of Revenues

The Company disaggregates its revenue from contracts with customers by geographic region based on the primary billing address of the customer and timing of transfer of goods or services to customers (point-in-time or over time), as it believes it best depicts how the nature, amount, timing and uncertainty of its revenue and cash flows are affected by economic factors. Total revenue for the three months ended September 30, 2023 and 2022, based on the disaggregation criteria described above were as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

 

Revenue

 

 

% of Revenue

 

 

Revenue

 

 

% of Revenue

 

Revenue by primary geographical market:

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

445

 

 

 

55

%

 

$

1,119

 

 

 

81

%

EMEA

 

 

168

 

 

 

21

%

 

 

233

 

 

 

17

%

APAC

 

 

197

 

 

 

24

%

 

 

22

 

 

 

2

%

Total

 

$

810

 

 

 

100

%

 

$

1,374

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

Revenue by timing of recognition:

 

 

 

 

 

 

 

 

 

 

 

 

Recognized at a point in time

 

$

810

 

 

 

100

%

 

$

625

 

 

 

45

%

Recognized over time

 

 

 

 

 

0

%

 

 

749

 

 

 

55

%

Total

 

$

810

 

 

 

100

%

 

$

1,374

 

 

 

100

%

 

Total revenue for the nine months ended September 30, 2023 and 2022, based on the disaggregation criteria described above are as follows (in thousands):

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

 

Revenue

 

 

% of Revenue

 

 

Revenue

 

 

% of Revenue

 

Revenue by primary geographical market:

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

1,464

 

 

 

54

%

 

$

3,640

 

 

 

91

%

EMEA

 

 

569

 

 

 

21

%

 

 

317

 

 

 

8

%

APAC

 

 

668

 

 

 

25

%

 

 

47

 

 

 

1

%

Total

 

$

2,701

 

 

 

100

%

 

$

4,004

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

Revenue by timing of recognition:

 

 

 

 

 

 

 

 

 

 

 

 

Recognized at a point in time

 

$

2,267

 

 

 

84

%

 

$

1,302

 

 

 

33

%

Recognized over time

 

 

434

 

 

 

16

%

 

 

2,702

 

 

 

67

%

Total

 

$

2,701

 

 

 

100

%

 

$

4,004

 

 

 

100

%

For the three months ended September 30, 2023, two customers accounted for 40% and 11%of the Company’s revenue, respectively. For the three months ended September 30, 2022, one customer accounted for 55% of the Company’s revenue.

For the nine months ended September 30, 2023, two customers accounted for 27% and 13% of the Company’s revenue, respectively. For the nine months ended September 30, 2022, two customers accounted for 40% and 27% of the Company’s revenue, respectively.

Contract Assets and Contract Liabilities

As of September 30, 2023, and December 31, 2022, the Company had contract assets of $0.1 million and $0.2 million, respectively, recognized in other current assets. The Company had no contract liability as of September 30, 2023 and December 31, 2022.