Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Information

v3.22.2
Segment and Geographic Information
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment and Geographic Information

NOTE 11 —Segment and Geographic Information

 

The Company operates in one reporting segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker, who is the chief executive officer, in deciding how to allocate resources and assessing performance. The Company’s chief operating decision maker allocates resources and assesses performance based upon discrete financial information at the consolidated level.

 

The following table summarizes the revenue by region based on ship-to destinations for the three and six months ended:

Summary of Revenue by Region 

                                 
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2022     2021     2022     2021  
U.S.   $ 8,520     $ 8,111     $ 19,920     $ 16,738  
Canada and Latin America     2,896       3,772       4,277       7,115  
Europe and Middle East     536       66       893       327  
Asia Pacific     3       5       123       14  
Total revenues   $ 11,955     $ 11,954     $ 25,213     $ 24,194  

 

 

SONIM TECHNOLOGIES, INC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

(In thousands of U.S. dollars except share and per share amounts or as otherwise disclosed)

 

The following table summarizes the composition of revenues for the three and six months ended:

 

                                 
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2022     2021     2022     2021  
Product Sales   $ 11,943     $ 11,913     $ 25,187     $ 24,151  
Services     12       41       26       43  
Total revenues   $ 11,955     $ 11,954     $ 25,213     $ 24,194  

 

Revenue from customers with concentration greater than 10% in the three and six months ended June 30, 2022 and 2021 accounted for approximately the following percentages of total revenues:

 

    Three Months Ended June 30,     Six Months Ended June 30,  
    2022     2021     2022     2021  
Customer A     *     14 %     *     12 %
Customer B     15 %     14 %     14 %     24 %
Customer C     13 %     13 %     *     13 %
Customer D     *     *     21 %     *
Customer E     51 %     41 %     41 %     31 %

 

 

* Customer revenue did not exceed 10% in the respective period.