Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.22.2.2
Segment Information
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Information

NOTE 12—SEGMENT INFORMATION

The Company currently operates in a single business segment. Management uses one measurement of profitability and does not segregate its business for internal reporting. For the three and nine months ended September 30, 2022, sales to customers in the United States accounted for approximately 70% and 71% of net revenue, respectively, and international sales accounted for approximately 30% and 29% of net revenue, respectively. For the three and nine months ended September 30, 2021, sales to customers in the United States accounted for approximately 62% and 64% of net revenue and international sales accounted for approximately 38% and 36% of net revenue. No individual country, other than the United States, represented more than 10% of total net revenue during the three and nine months ended September 30, 2022 or 2021.

Net revenue by geographic location based on the location of customers was as follows (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

United States

 

$

8,413

 

 

$

5,939

 

 

$

24,290

 

 

$

17,024

 

International

 

 

3,597

 

 

 

3,592

 

 

 

10,121

 

 

 

9,756

 

Total net revenue

 

$

12,010

 

 

$

9,531

 

 

$

34,411

 

 

$

26,780

 

 

Property, plant, and equipment by geographic location was as follows (in thousands):

 

 

 

September 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

United States

 

$

3,687

 

 

$

797

 

International

 

 

228

 

 

 

270

 

Total

 

$

3,915

 

 

$

1,067