Company: MYND
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001628280-25-014832
Chunk: 127

Company: Mynd.ai, Inc.
Filing Date: 2025-03-26
Form: 20-F
Item: Item 18
Chunk 127
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 or more of the total revenue in the Company's consolidated statements of operations:

               December 31,                                              
               2024                          2023                  2022  
  Germany      $                 35,137      $         46,152      $     
 ─────────────────────────────────────────────────────────────────────────

Table of contents

Mynd. ai. Inc.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In thousands of U. S. dollars, except share and per share data, or otherwise noted)

Contract liabilities

                                               December 31,                                    
                                               2024                          2023              
 ───────────────────────────────────────────────────────────────────────────────────────────────
  Deferred revenue: enhanced warranties        $                 21,090      $         21,058  
  Deferred revenue: SaaS                                          6,078                 5,794  
  Deferred revenue: future upgrade rights      —                                        5,483  
  Deferred revenue: other services                                2,694                 3,431  
  Total contract liabilities                   $                 29,862      $         35,766  

The contract liabilities listed above represent deferred revenue associated with sales of enhanced warranties, sales of SaaS, and other services such as training revenue and future unspecified software upgrade rights. The deferred revenue amounts included as contract liabilities represent the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially satisfied) as of each balance sheet date. These performance obligations are expected to be satisfied as follows:

                                  Enhanced warranties                  SaaS services                 Other services             
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                        2025      $                         5,027      $                  3,561      $                   2,694  
                        2026                                5,872                         1,250      —                          
                        2027                                4,828      730                           —                          
                        2028                                3,391      376                           —                          
                        2029                                1,444      116                           —                          
                  Thereafter      528                                  45                            —                          
  Total contract liabilities      $                        21,090      $                  6,078      $                   2,694  

During the years ended December 31, 2024, 2023, and 2022, the Company recognized $ 14,004 10,148 6,127

The Company did