Revenue Recognition

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Note 3. Revenue Recognition

Teknova recognizes revenue from the sale of manufactured products and services when control of promised goods or services are transferred to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Control is transferred when the customer has the ability to direct the use of and obtain benefits from the goods or services. The majority of the Company’s sales agreements contain performance obligations satisfied at a point in time when control is transferred to the customer.

Teknova’s revenue, disaggregated by business line, was as follows (in thousands):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2022		2021		2022		2021
Lab Essentials	$	8,393	$	6,456	$	15,368	$	13,246
Clinical Solutions		2,943		1,593		6,755		2,664
Sample Transport		—		37		6		961
Other		354		227		708		520
Total revenue	$	11,690	$	8,313	$	22,837	$	17,391

Teknova’s revenue, disaggregated by geographic region, was as follows (in thousands):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2022		2021		2022		2021
United States	$	11,285	$	8,061	$	22,105	$	16,776
International		405		252		732		615
Total revenue	$	11,690	$	8,313	$	22,837	$	17,391