Revenue

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue

5. Revenue

The following table presents the Company’s revenues disaggregated by geography (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Service revenue:
United States	$	12,386	$	14,200	$	34,967	$	32,307
Europe		9,736		9,187		22,268		20,503
Total service revenue		22,122		23,387		57,235		52,810
Lease revenue:
United States	$	40	$	217	$	248	$	647
Europe		225		195		644		482
Total lease revenue		265		412		892		1,129
Total Revenue	$	22,387	$	23,799	$	58,127	$	53,939

Contract Balances

Contract assets include amounts related to the Company’s contractual right to consideration for completed performance obligations not yet invoiced. The contract assets are reclassified to receivables when the rights become unconditional. The Company’s contract assets as of September 30, 2024 and December 31, 2023 in the amount of $0.4 million and $0.6 million, respectively, are included in prepaid expenses and other current assets on the consolidated balance sheets. The contract assets are typically invoiced within a month of recognition. The Company's contract assets as of both January 1, 2024 and 2023 amounted to $0.6 million.

Contract liabilities are recorded as deferred revenues and include payments received in advance of performance under the contract. Contract liabilities are realized when services are provided to the customer. Contract liabilities as of September 30, 2024 and December 31, 2023 in the amount of $1.0 million and $1.5 million, respectively, are reported as a component of current liabilities on the consolidated balance sheets. All opening amounts of the December 31, 2023 and 2022 contract liabilities were recognized during the periods ended September 30, 2024 and December 31, 2023, respectively. The Company's contract liabilities as of January 1, 2024 and 2023 amounted to $1.5 million and $0.7 million, respectively.