Annual report pursuant to Section 13 and 15(d)

Revenues

v3.22.1
Revenues
 12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenues
5. Revenue
Disaggregation of Revenue
The Company earns revenue through the sale of imagery and software analytical services and engineering and systems integration. The Company’s management primarily disaggregates revenue as follows: (i) imagery; (ii) data, software and analytics; and (iii) engineering and integration. This disaggregation allows the Company to evaluate market trends in certain imagery and software analytical services and engineering and systems integration services. These offerings currently have both recurring and non-recurring price attributes, particularly the engineering and systems integration offerings.
The following table disaggregates revenue by type of imagery and software analytical services and engineering and integration for the years ended December 31, 2021 and 2020:
Years Ended December 31,
2021 2020
(in thousands)
Imagery $ 8,648  $ 3,005 
Data, software and analytics 16,398  15,732 
Engineering & integration 9,039  2,398 
Total revenue $ 34,085  $ 21,135 
The approximate revenue based on geographic location of customers is as follows for the years ended December 31, 2021 and 2020:
Years Ended December 31,
2021 2020
(in thousands)
US $ 29,557  $ 17,239 
Middle East 2,661  3,185 
Asia 1,300  668 
Other 567  43 
Total revenue $ 34,085  $ 21,135 
Revenue from significant customers for the years ended December 31, 2021 and 2020 is as follows:
Years Ended December 31,
2021 2020
(in thousands)
U.S. federal government and agencies $ 29,382  $ 17,050 
Commercial and other 4,703  4,085 
Total revenue $ 34,085  $ 21,135 
As of December 31, 2021 and 2020, accounts receivable consisted of the following:
December 31, December 31,
2021 2020
(in thousands)
U.S. federal government and agencies 2,576  $ 1,335 
Commercial and other 92  1,568 
Allowance for doubtful accounts (39) — 
Total accounts receivable $ 2,629  $ 2,903 
Remaining Performance Obligations

As of December 31, 2021, the Company had $31.9 million of remaining performance obligations, which represents the transaction price of executed contracts less inception to date revenue recognized. Remaining performance obligations exclude unexercised contract options. The Company expects to recognize revenue relating to remaining funded contractual performance obligations, of which a portion is recorded in deferred revenue in the consolidated balance sheets, of $29.5 million, $2.3 million, and $136 thousand in fiscal years 2022, 2023, and thereafter, respectively.