Company: MYND
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001628280-25-014832
Chunk: 126

Company: Mynd.ai, Inc.
Filing Date: 2025-03-26
Form: 20-F
Item: Item 18
Chunk 126
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 ai. Inc.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

The following table summarizes the computation of the gain realized from the disposition:

  Cash received                                                           $              20,000  
  Net assets sold                                                         ( 13,267)              
  Non-controlling interest                                                1,956                  
  Other comprehensive income reclassified to current year operations      566                    
  Gain on disposition                                                     $               9,255  

Note 4. Revenue Recognition

Revenue

Sales of hardware and accessories as well as revenue from coordination of freight for our customers is recognized at a point in time. Services include enhanced warranty and training revenue and are recognized over time. Revenue from software-as-a-service (SaaS) and revenue from future software upgrade rights are also recognized over time.

The following table presents the Company’s revenue disaggregated based on the revenue source and the timing of revenue recognition:

                                                                            December 31,                                                             
                                                                            2024                           2023                   2022               
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue from hardware, proprietary embedded firmware and accessories      $                 245,585      $         394,667      $         573,409  
  Revenue from services                                                                         7,391                  8,991                  7,305  
  Revenue from SaaS                                                                             4,768                  5,379                  3,816  
  Revenue from software upgrade rights                                                          9,637                  2,720      154                
  Total revenue                                                             $                 267,381      $         411,757      $         584,684  

Revenue disaggregation

The following table presents the Company’s revenue disaggregated based on geographic locatio n of customers:

                     December 31,                                                             
                     2024                           2023                   2022               
 ──────────────────────────────────────────────────────────────────────────────────────────────
  United States      $                 179,810      $         292,584      $         417,476  
  Rest of World                         87,571                119,173                167,208  
  Total revenue      $                 267,381      $         411,757      $         584,684  

Included in the rest of world, below are those countries where the revenue during the years presented exceeded 10%