Quarterly report pursuant to Section 13 or 15(d)

Entity Level Information

v3.23.3
Entity Level Information
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Entity Level Information

NOTE 11 —Entity Level 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 and the chief financial 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 nine months ended:

 

    2023     2022     2023     2022  
    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2023     2022     2023     2022  
U.S.   $ 11,798     $ 4,351     $ 25,184     $ 24,284  
Canada and Latin America     1,706       1,855       7,477       6,132  
Europe and Middle East     87       266       3,000       1,159  
Asia Pacific     13,975       14,025       44,541       14,135  
Total revenues   $ 27,566     $ 20,497     $ 80,202     $ 45,710  

 

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

 

    2023     2022     2023     2022  
    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2023     2022     2023     2022  
Product Sales   $ 27,565     $ 20,497     $ 80,201     $ 45,684  
Services     1       0       1       26  
Total revenues   $ 27,566     $ 20,497     $ 80,202     $ 45,710  

 

Revenue from customers with concentration greater than 10% in three and nine months ended September 30, 2023 and 2022 accounted for approximately the following percentage of total revenues:

 

    Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
    2023     2022     2023     2022  
Customer A     50 %     68 %     55 %     30 %
Customer B     35 %     16 %     26 %     30 %
Customer C    

*

     *     *     11 %
Customer D     *     *       *       10 %

 

 

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