Segment and Revenue Disclosures (Tables)
|
9 Months Ended |
Sep. 30, 2022 |
|---|
| Revenue from Contract with Customer [Abstract] |
|
| Summary of Revenue by Geographic Region |
Revenue by geographic region is based on the delivery address of the customer and is summarized in the below table (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
| Americas |
$ |
34,102 |
|
|
$ |
21,123 |
|
|
$ |
84,970 |
|
|
$ |
66,689 |
|
| EMEA |
17,053 |
|
|
16,194 |
|
|
50,842 |
|
|
45,084 |
|
| APAC |
7,065 |
|
|
6,909 |
|
|
18,177 |
|
|
17,256 |
|
| Total Revenue |
$ |
58,220 |
|
|
$ |
44,226 |
|
|
$ |
153,989 |
|
|
$ |
129,029 |
|
|
| Summary of Disaggregation of Revenue |
In the following table, revenue is presented by software license and service categories (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
| Revenue: |
|
|
|
|
|
|
|
| Multi-year term licenses |
$ |
16,569 |
|
|
$ |
10,222 |
|
|
$ |
34,083 |
|
|
$ |
37,834 |
|
1-year term licenses |
7,335 |
|
|
9,142 |
|
|
25,006 |
|
|
25,115 |
|
| Total subscription term licenses |
23,904 |
|
|
19,364 |
|
|
59,089 |
|
|
62,949 |
|
| Subscription SaaS, support and maintenance |
31,282 |
|
|
22,940 |
|
|
87,029 |
|
|
61,543 |
|
|
|
|
|
|
|
|
|
| Perpetual licenses |
91 |
|
|
183 |
|
|
197 |
|
|
885 |
|
| Total subscriptions and perpetual licenses |
55,277 |
|
|
42,487 |
|
|
146,315 |
|
|
125,377 |
|
| Professional services |
2,943 |
|
|
1,739 |
|
|
7,674 |
|
|
3,652 |
|
| Total Revenue |
$ |
58,220 |
|
|
$ |
44,226 |
|
|
$ |
153,989 |
|
|
$ |
129,029 |
|
|
| Summary of Contract Assets and Deferred Revenue |
Contract assets and deferred revenue from contracts with customers were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30,
2022 |
|
December 31,
2021 |
| Contract assets |
$ |
23,212 |
|
|
$ |
20,508 |
|
| Deferred revenue |
59,300 |
|
|
75,394 |
|
|
| Summary of Deferred Commissions |
The following table summarizes the account activity of deferred commissions for the three and nine months ended September 30, 2022 and 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
| Beginning balance |
$ |
24,784 |
|
|
$ |
17,055 |
|
|
$ |
24,058 |
|
|
$ |
14,748 |
|
| Additions to deferred commissions |
5,254 |
|
|
4,656 |
|
|
13,182 |
|
|
14,197 |
|
| Amortization of deferred commissions |
(3,450) |
|
|
(3,202) |
|
|
(10,652) |
|
|
(10,436) |
|
| Ending balance |
$ |
26,588 |
|
|
$ |
18,509 |
|
|
$ |
26,588 |
|
|
$ |
18,509 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30,
2022 |
|
December 31,
2021 |
| Deferred commissions, current |
$ |
8,697 |
|
|
$ |
8,457 |
|
| Deferred commissions, non-current |
17,891 |
|
|
15,601 |
|
| Total deferred commissions |
$ |
26,588 |
|
|
$ |
24,058 |
|
|