Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Information

v3.22.2.2
Segment and Geographic Information
 9 Months Ended
Sep. 30, 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 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 nine months ended:

Summary of Revenue by Region 

    2022     2021     2022     2021  
    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2022     2021     2022     2021  
U.S.   $ 4,351     $ 11,786     $ 24,284     $ 28,524  
Canada and Latin America     1,855       1,105       6,132       8,220  
Europe and Middle East     266       605       1,159       932  
Asia Pacific     14,025       949       14,135       963  
Total revenues   $ 20,497     $ 14,445     $ 45,710     $ 38,639  

 

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

 

    2022     2021     2022     2021  
    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2022     2021     2022     2021  
Product Sales   $ 20,497     $ 14,412     $ 45,684     $ 38,563  
Services     0       33       26       76  
Total revenues   $ 20,497     $ 14,445     $ 45,710     $ 38,639  

 

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

 

    Three Months Ended September 30,     Nine Months Ended September 30,  
    2022     2021     2022     2021  
Customer A     68 %     *       30 %     *  
Customer B     16 %     21 %     30 %     27 %
Customer C     *       28 %     11 %     13 %
Customer D     *       25 %     10 %     24 %

 

 

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