Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Information

v3.22.1
Segment and Geographic Information
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment and Geographic Information

NOTE 12 —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 president, chief operating officer and 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 months ended:

 

 

 

Three Months Ended

 

 

 

 

 

March 31,

 

 

 

 

 

2022

 

 

2021

 

 

U.S.

 

$

11,411

 

 

$

8,627

 

 

 

Canada and Latin America

 

 

1,381

 

 

 

3,343

 

 

 

Europe and Middle East

 

 

357

 

 

 

261

 

 

 

Asia Pacific

 

 

109

 

 

 

9

 

 

 

Total revenues

 

$

13,258

 

 

$

12,240

 

 

 

 

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

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

Product Sales

 

$

13,245

 

 

$

12,238

 

Services

 

 

13

 

 

 

2

 

Total revenues

 

$

13,258

 

 

$

12,240

 

 

 

Revenue from customers with concentration greater than 10% in three months ended March 31, 2022 and 2021 accounted for approximately the following percentage of total revenues:

 

 

 

Months Ended

March 31,

 

 

 

2022

 

 

2021

 

Customer A

 

 

14

%

 

34

%

Customer B

 

 

*

 

 

 

                  13

%

Customer C

 

 

                 35

%

 

 

*

 

Customer D

 

 

*

 

 

 

11

%

Customer E

 

32

%

 

 

22

%

Total

 

 

81

%

 

 

80

%

 

*

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