Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.20.1
Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue Disaggregated by Revenue Sources

The following table presents the Company’s revenues disaggregated by revenue source for the three months ended March 31, 2019 and 2020:

    Three Months Ended March 31,  
    2019     2020  
             
Products   $ 7,249     $ 13,208  
Services     6,362       17,591  
    $ 13,611     $ 30,799  

Schedule of Deferred Revenue

The balances of contract assets, and contract liabilities from contracts with customers are as follows as of December 31, 2019 and March 31, 2020:

 

    December 31, 2019     March 31, 2020  
          (Unaudited)  
Assets:                
Deferred contract costs   $ 2,196     $ 2,096  
Deferred costs   $ 8,530     $ 7,717  
                 
Liabilities:                
Contract liabilities (1)   $ 1,098     $ 903  
Deferred revenue -other (1)   $ 227     $ 315  
Deferred maintenance and SaaS revenue (1)     5,072       5,734  
Deferred logistics visibility solutions product revenue (1)     10,932       9,827  
                 
      17,329       16,779  
Less: Deferred revenue and contract liabilities - Current portion     (8,536 )     (9,088 )
                 
Deferred revenue and contract liabilities - less current portion   $ 8,793     $ 7,691  

 

(1) The Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the three-month periods ended March 31, 2019 and 2020, the Company recognized revenue of $2,500 and $2,174, respectively, that was included in the deferred revenue balance at the beginning of each reporting period. The Company expects to recognize as revenue before year 2025, when the services are performed and, therefore, satisfies its performance obligation to the customers.