Quarterly report pursuant to Section 13 or 15(d)

Entity Level Information

v3.23.1
Entity Level Information
 3 Months Ended
Mar. 31, 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 months ended:

 

    2023     2022  
    Three Months Ended  
    March 31,  
    2023     2022  
U.S.   $ 5,506     $ 11,411  
Canada and Latin America     2,740       1,381  
Europe and Middle East     2,084       357  
Asia Pacific     15,471       109  
Total revenues   $ 25,801     $ 13,258  

 

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

 

    2023     2022  
    Three Months Ended  
    March 31,  
    2023     2022  
Product Sales   $ 25,801     $ 13,245  
Services     —       13  
Total revenues   $ 25,801     $ 13,258  

 

Revenue from customers with concentration greater than 10% in three months ended March 31, 2023 and 2022 accounted for approximately the following percentage of total revenues:

 

    Months Ended March 31,  
    2023     2022  
Customer A      59 %        *  
Customer B     18 %     32 %
Customer C      *       35 %
Customer D        *       14 %
Total     77 %     81 %

 

 

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