Quarterly report pursuant to Section 13 or 15(d)

Entity Level Information (Tables)

v3.19.2
Entity Level Information (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Summary of Revenue by Region

Segment 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 June 30, 2019 and 2018:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30

 

 

June 30

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

U.S

 

$

35,125

 

 

$

24,128

 

 

$

55,232

 

 

$

36,553

 

Canada and Latin America

 

 

5,662

 

 

 

4,380

 

 

 

9,290

 

 

 

6,632

 

Europe and Middle East

 

 

2,210

 

 

 

2,923

 

 

 

4,010

 

 

 

6,086

 

Asia Pacific

 

 

750

 

 

 

19

 

 

 

1,699

 

 

 

369

 

 

 

$

43,747

 

 

$

31,450

 

 

$

70,231

 

 

$

49,640

 

Composition of Revenues

The composition of revenues for the three and six months ended June 30, 2019 and 2018 is follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30

 

 

June 30

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Product Sales

 

$

43,609

 

 

$

31,017

 

 

$

69,941

 

 

$

47,984

 

Services

 

 

138

 

 

 

433

 

 

 

290

 

 

 

1,656

 

Total revenues

 

$

43,747

 

 

$

31,450

 

 

$

70,231

 

 

$

49,640

 

Percentage of Total Revenues Revenue from customers with concentration greater than 10% in the three and six months ended June 30, 2019 and 2018 accounted for approximately the following percentage of total revenues:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Customer A

 

32%

 

 

23%

 

 

34%

 

 

15%

 

Customer B

 

*

 

 

*

 

 

*

 

 

16%

 

Customer C

 

25%

 

 

*

 

 

20%

 

 

*

 

Customer D

 

*

 

 

10%

 

 

*

 

 

12%

 

Customer E

 

10%

 

 

39%

 

 

*

 

 

28%

 

*

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