Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.2
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Revenue by Geographic Area Revenue by geographic area based on the billing address of the customers were as follows:
Three months ended September 30, Nine months ended September 30,
2021 2020 2021 2020
(In thousands)
United States $ 7,103  $ 659  $ 15,349  $ 9,290 
Other 1,608  1,614  1,680  2,943 
Total $ 8,711  $ 2,273  $ 17,029  $ 12,233 
Disaggregation of Revenue
The following table summarizes revenue disaggregated by products and service type:
Three months ended September 30, Nine months ended September 30,
2021 2020 2021 2020
(In thousands)
3D Printers $ 7,281  $ 1,738  $ 13,594  $ 11,038 
Recurring Payment (defined below) 596  146  1,231  146 
Support services 834  389  2,204  1,049 
Total $ 8,711  $ 2,273  $ 17,029  $ 12,233 
Schedules of Concentration of Risk
The customer concentration for balances greater than 10% of revenues and 10% of accounts receivables, net, respectively, are presented below:
Total Revenue Total Revenue Accounts Receivable, Net
Three months ended September 30, Nine months ended September 30, September 30 December 31
2021 2020 2021 2020 2021 2020
(as a percentage) (as a percentage) (as a percentage)
Customer 1 53.9  % 10.0  % 31.4  % <10% <10% <10%
Customer 2 17.2  % —  % <10% —  % <10% —  %
Customer 3 15.1  % —  % 16.6  % —  % <10% —  %
Customer 4 <10% 17.7  % 11.5  % 58.5  % 55  % 85.6  %
Customer 5 <10% <10% 10.8  % 13.3  % <10% —  %
Customer 6 <10% <10% <10% 13.1  % —  % <10%
Customer 7 <10% <10% <10% 10.8  % <10% <10%
Customer 8 <10% <10% <10% <10% 17.4  % —  %
Schedule of Cash and Cash Equivalents
September 30, 2021 December 31, 2020
(In thousands)
Cash and cash equivalents $ 296,826  $ 15,517 
Restricted cash (Other assets) 2,518  — 
Total cash and cash equivalents, and restricted cash $ 299,344  $ 15,517 
Restrictions on Cash and Cash Equivalents
September 30, 2021 December 31, 2020
(In thousands)
Cash and cash equivalents $ 296,826  $ 15,517 
Restricted cash (Other assets) 2,518  — 
Total cash and cash equivalents, and restricted cash $ 299,344  $ 15,517