Quarterly report pursuant to Section 13 or 15(d)

Revenue

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Revenue
9 Months Ended
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Contract Balance
The following table provides information about accounts receivable, net, and contract liabilities from contracts with customers. The Company did not have any contract assets as of September 30, 2021 or December 31, 2020 (dollars in thousands):
 
  September 30, 2021    December 31, 2020
Accounts receivable, net $ 17,052  $ 13,817 
Contract liabilities, current (deferred revenue) 1,074  1,140 
Contract liabilities, non-current (deferred revenue) 249  237 
Changes in the contract liabilities balances are as follows (dollars in thousands):

  September 30, 2021    December 31, 2020    $ Change
Contract liabilities (deferred revenue) $ 1,323  $ 1,377  $ (54)
The decrease in deferred revenue was due to billings in advance of performance obligations being satisfied, net of revenue recognized for services rendered during the period. Revenue of $0.1 million and $1.1 million
was recognized during the three and nine months ended September 30, 2021, respectively, which were included in the deferred revenue balance at the beginning of the period.
Remaining Performance Obligations
Remaining performance obligations represent the contracted minimum usage commitments and do not include an estimate of additional usage in excess of contractual minimum commitments. The Company’s contract terms typically range from one to three years. Revenue as of September 30, 2021 that has not yet been recognized was approximately $154.4 million, of which $77.7 million and $76.7 million are expected to be recognized as revenue within one year and beyond one year, respectively. The Company expects to recognize revenue on the remaining performance obligations over the next 69 months.