Berkshire Grey, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

Accrued Expenses

3 Months Ended

Mar. 31, 2023

Payables and Accruals [Abstract]

Accrued Expenses

6. ACCRUED EXPENSES

Accrued expenses consist of the following:


	March 31,		December 31,
	2023		2022
	(in thousands)
Accrued compensation	$	1,697	$	5,146
Accrued sales taxes payable		663		192
Accrued professional services		2,673		813
Accrued materials		3,743		2,950
Accrued other		1,600		777
Accrued warranty		680		820
Accrued expenses	$	11,056	$	10,698

Accrued Compensation

Accrued compensation included estimated year-end employee bonuses and related employee costs of approximately $1.2 million and $4.0 million at March 31, 2023 and December 31, 2022, respectively.

Accrued Warranty

The Company provides a limited warranty generally for one year. Estimated warranty obligations are recorded as an expense upon customer acceptance of related products. Factors that affect the estimated warranty liability include number of products accepted, historical and anticipated rates of warranty claims, cost per claim, and vendor-supported warranty programs. The Company periodically assesses the adequacy of our recorded warranty liabilities and adjusts the amounts as necessary. The amount of liability recorded is equal to the estimated costs to repair or otherwise satisfy claims made by customers.

Changes in our product warranty consist of the following:


	March 31,			December 31,
	2023			2022
	(in thousands)
Beginning balance	$	820		$	452
Accrual (reversal) for warranty expense		(216	)		(427	)
Warranty costs incurred during period		76			795
Ending balance	$	680		$	820