Revenue |
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Sep. 30, 2025 |
Dec. 31, 2024 |
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| Revenue | Note 5 – Revenue
Disaggregation of Revenue
The Company recognizes revenue classified in services and other either at a point in time or over time. Revenue by point in time and over time was as follows (in thousands):
The deferred revenue balance represents payments received for performance obligations not yet satisfied. The following table shows the changes in deferred revenue during the nine months ended September 30, 2025, and 2024 respectively (in thousands):
Revenue recognized during the nine months ended September 30, 2025 that was included in deferred revenue as of December 31, 2024 was $565. Revenue recognized during the nine months ended September 30, 2024 that was included in deferred revenue as of December 31, 2023 was $246.
TG-17 INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Revenue allocated to remaining performance obligations that are unsatisfied (or partially unsatisfied), which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods, will be recognized within one year or less.
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Note 5 – Revenue
Disaggregation of Revenue
The Company recognizes revenue classified in services and other either at a point in time or over time. Revenue by point in time and over time was as follows (in thousands):
The deferred revenue balance represents payments received for performance obligations not yet satisfied. The following table shows the changes in deferred revenue during the years ended December 31, 2024, and 2023 respectively (in thousands):
Revenue recognized during the year ended December 31, 2024 that was included in deferred revenue as of December 31, 2023 was $279,000. Revenue recognized during the year ended December 31, 2023 that was included in deferred revenue as of December 31, 2022 was $29,000.
Revenue allocated to remaining performance obligations that are unsatisfied (or partially unsatisfied), which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods, will be recognized within one year or less.
TG-17 INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
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