| Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas |
In the following table, revenue is disaggregated by major product offerings and geographies (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Three Months Ended June 30, |
|
|
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Product revenue |
23,630 |
|
|
|
|
36,636 |
|
|
|
|
|
|
|
| Service and subscription |
15,114 |
|
|
|
|
17,954 |
|
|
|
|
|
|
|
| Total revenue |
38,744 |
|
|
54 |
% |
|
54,590 |
|
|
59 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| EMEA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Product revenue |
12,974 |
|
|
|
|
15,849 |
|
|
|
|
|
|
|
| Service and subscription |
9,663 |
|
|
|
|
11,106 |
|
|
|
|
|
|
|
| Total revenue |
22,637 |
|
|
32 |
% |
|
26,955 |
|
|
29 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| APAC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Product revenue |
4,390 |
|
|
|
|
6,092 |
|
|
|
|
|
|
|
| Service and subscription |
2,670 |
|
|
|
|
1,893 |
|
|
|
|
|
|
|
| Total revenue |
7,060 |
|
|
10 |
% |
|
7,985 |
|
|
9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Product revenue |
40,994 |
|
|
|
|
58,577 |
|
|
|
|
|
|
|
| Service and subscription |
27,447 |
|
|
|
|
30,953 |
|
|
|
|
|
|
|
Royalty2
|
2,902 |
|
|
4 |
% |
|
2,965 |
|
|
3 |
% |
|
|
|
|
| Total revenue |
$ |
71,343 |
|
|
100 |
% |
|
$ |
92,495 |
|
|
100 |
% |
|
|
|
|
1 Revenue for Americas geographic region outside of the United States is not significant.
2 Royalty revenue is not allocatable to geographic regions.
Revenue by Solution
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
2024 |
|
% |
|
2023 |
|
% |
|
|
|
|
|
|
|
|
| Primary storage systems |
16,870 |
|
|
24 |
% |
|
11,449 |
|
|
12 |
% |
| Secondary storage systems |
15,769 |
|
|
22 |
% |
|
41,574 |
|
|
45 |
% |
| Device and media |
9,250 |
|
|
13 |
% |
|
8,192 |
|
|
9 |
% |
| Service |
26,552 |
|
|
37 |
% |
|
28,315 |
|
|
31 |
% |
| Royalty |
2,902 |
|
|
4 |
% |
|
2,965 |
|
|
3 |
% |
Total revenue1
|
71,343 |
|
|
100 |
% |
|
92,495 |
|
|
100 |
% |
1 Subscription revenue of $0.9 million and $2.6 million was allocated to Primary and Secondary storage systems for the quarters ended June 30, 2024 and 2023, respectively.
|
| Schedule of Contract Asset, Contract Liability and Receivable |
The following table presents the Company’s contract liabilities and certain information related to this balance as of and for the three months ended June 30, 2024 and March 31, 2024 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, 2024 |
| Deferred revenue |
|
$ |
111,561 |
|
| Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period |
|
27,723 |
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2024 |
| Deferred revenue |
|
$ |
116,687 |
|
| Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period |
|
$ |
76,304 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred revenue by period |
| (in thousands) |
Total |
|
1 year or less |
|
1 – 3 Years |
|
3 year or greater |
|
|
| Subscription revenue |
$ |
16,373 |
|
|
$ |
8,039 |
|
|
$ |
6,623 |
|
|
$ |
1,711 |
|
|
|
| Service revenue |
95,188 |
|
|
66,763 |
|
|
24,062 |
|
|
$ |
4,363 |
|
|
|
| Total |
$ |
111,561 |
|
|
$ |
74,802 |
|
|
$ |
30,685 |
|
|
$ |
6,074 |
|
|
|
|