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Revenue (Tables)
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue Disaggregated by Revenue

The Company's revenues disaggregated by revenue source is as follows (in thousands):

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Specialized quantum computing hardware

 

$

7,338

 

 

$

1,990

 

 

$

10,956

 

 

$

3,325

 

Platform, consulting and support services

 

 

4,043

 

 

 

3,525

 

 

 

8,007

 

 

 

6,475

 

Total revenue

 

$

11,381

 

 

$

5,515

 

 

$

18,963

 

 

$

9,800

 

 

The Company's revenues disaggregated by customer location is as follows (in thousands):

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

United States

 

$

10,953

 

 

$

4,848

 

 

$

18,015

 

 

$

8,538

 

International

 

 

428

 

 

 

667

 

 

 

948

 

 

 

1,262

 

Total revenue

 

$

11,381

 

 

$

5,515

 

 

$

18,963

 

 

$

9,800

 

Summary of Changes in Unearned Revenue

The following table summarizes the changes in unearned revenue for the six months ended June 30, 2024 (in thousands):

 

 

Total

 

Balance as of December 31, 2023

 

$

12,534

 

Revenue recognized

 

 

(10,773

)

New deferrals, net

 

 

12,028

 

Balance as of June 30, 2024

 

$

13,789