Infrared Cameras, a company specializing in infrared camera and sensor device technology, has reported on its diverse revenue streams in its latest financial announcement. The company's revenue is primarily derived from product sales, Software as a Service (SaaS) subscriptions, and ancillary services. Product sales include infrared cameras and sensor devices, which are recognized as revenue when control is transferred to customers, typically within 30-90 days after delivery. SaaS subscriptions offer access to a cloud platform, technical support, and software upgrades, with revenue recognized over the subscription period, which ranges from 12 to 36 months. Ancillary services, such as camera calibration, maintenance, and training, are recognized as revenue at the point in time the service is provided. The company accounts for shipping and...Show More

Infrared Cameras, a company specializing in infrared camera and sensor device technology, has reported on its diverse revenue streams in its latest financial announcement. The company's revenue is primarily derived from product sales, Software as a Service (SaaS) subscriptions, and ancillary services. Product sales include infrared cameras and sensor devices, which are recognized as revenue when control is transferred to customers, typically within 30-90 days after delivery. SaaS subscriptions offer access to a cloud platform, technical support, and software upgrades, with revenue recognized over the subscription period, which ranges from 12 to 36 months. Ancillary services, such as camera calibration, maintenance, and training, are recognized as revenue at the point in time the service is provided. The company accounts for shipping and handling costs as part of the cost of goods sold. Revenue allocation to performance obligations is based on the relative stand-alone selling price, and contract liabilities are reported for in-transit shipments and customer prepayments for products and services not yet recognized as revenue. Infrared Cameras' financial report details the company's revenue recognition practices and the structure of its contract liabilities, providing investors with insight into the company's financial health and operational strategies.