Annual report [Section 13 and 15(d), not S-K Item 405]

Revenue

v3.25.1
Revenue
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue
5. Revenue
Disaggregation of Revenue
The Company earns revenue through the sale of imagery and software analytical services and professional and engineering services. The Company’s management primarily disaggregates revenue as follows: (i) imagery; (ii) data, software and analytics; (iii) professional services; and (iv) engineering services. This disaggregation allows the Company to evaluate market trends in certain imagery and software analytical services and professional and engineering services.
The following table disaggregates revenue by type for the years ended December 31, 2024 and 2023:
Years Ended December 31,
2024 2023
(in thousands)
Imagery $ 62,518  $ 54,630 
Data, software, and analytics 7,544  10,761 
Professional services 26,101  16,824 
Engineering services 5,930  12,277 
Total revenue $ 102,093  $ 94,492 
The approximate revenue based on geographic location of end customers was as follows for the years ended December 31, 2024 and 2023:
Years Ended December 31,
2024 2023
(in thousands)
North America $ 63,782  $ 60,023 
Middle East(1)
14,557  8,385 
Asia Pacific(2)
22,768  25,058 
Other 986  1,026 
Total revenue $ 102,093  $ 94,492 
(1) For the year ended December 31, 2024, Middle East revenue included $12.3 million of revenue from Country A; the amount of revenue from Country A for the year ended December 31, 2023 was not individually significant to the Company. The remaining Middle East countries were not individually significant to the Company.
(2) For the years ended December 31, 2024 and 2023, Asia Pacific revenue included $16.5 million and $13.3 million of revenue, respectively, from Country B. Asia Pacific revenue included $11.5 million of revenue from Country C for the year ended December 31, 2023; the amount of revenue from Country C for the year ended December 31, 2024 was not individually significant to the Company. The remaining Asia Pacific countries were not individually significant to the Company.
Revenue from categories of end customers for the years ended December 31, 2024 and 2023 was as follows:
Years Ended December 31,
2024 2023
(in thousands)
U.S. federal government and agencies $ 61,257  $ 58,445 
International governments 37,970  34,580 
Commercial and other 2,866  1,467 
Total revenue $ 102,093  $ 94,492