Stratasys Ltd. Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Revenues (Tables)

Revenues (Tables)

6 Months Ended

Jun. 30, 2020

The following table presents the Company’s revenues disaggregated by geographical region (based on the Company's customers' locations) and revenue type for the three and six months ended June 30, 2020 and 2019:

	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
	(U.S. $ in thousands)				(U.S. $ in thousands)
Americas
Products	$	44,800	$	67,137	$	93,044	$	125,191
Service		33,901		40,888		72,230		79,332
Total Americas		78,701		108,025		165,274		204,523

EMEA
Products		15,743		23,323		36,490		51,408
Service		5,172		6,826		11,345		13,524
Total EMEA		20,915		30,149		47,835		64,932

Asia Pacific
Products		13,334		19,881		27,515		38,833
Service		4,673		5,108		9,906		10,175
Total Asia Pacific		18,007		24,989		37,421		49,008

Total Revenues	$	117,623	$	163,163	$	250,530	$	318,463

Schedule of Disaggregation of Revenues Based on Time

The following table presents the Company’s revenues disaggregated based on the timing of revenue recognition (at a specific point in time or over the course of time) for the three and six months ended June 30, 2020 and 2019:

	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
	(U.S. $ in thousands)				(U.S. $ in thousands)
Revenues recognized in point in time from:
Products	$	73,877	$	110,341	$	157,049	$	215,432
Services		8,778		10,747		19,422		21,374
Total revenues recognized in point in time		82,655		121,088		176,471		236,806

Revenues recognized over time from:
Services		34,968		42,075		74,059		81,657
Total revenues recognized over time		34,968		42,075		74,059		81,657

Total Revenues	$	117,623	$	163,163	$	250,530	$	318,463

Schedule of Changes in Deferred Revenue

Contract liabilities include advance payments and billings in excess of revenue recognized, which are primarily related to advanced billings for service type warranty. Contract liabilities are presented under deferred revenues. The Company's deferred revenues as of June 30, 2020 and December 31, 2019 were as follows:

June 30,

2020

December 31,

2019

U.S. $ in thousands

Deferred revenues*

62,106

68,307

*Includes $13.5 million and $16.0 million under long term deferred revenue in the Company's consolidated balance sheets as of June 30, 2020 and December 31, 2019, respectively.