Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.23.1
Segment Information
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Segment Information

NOTE 11—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 months ended March 31, 2023, sales to customers in the United States accounted for approximately 65% of net revenue and international sales accounted for approximately 35% of net revenue. For the three months ended March 31, 2022, sales to customers in the United States accounted for approximately 69% of net revenue and international sales accounted for approximately 31% of net revenue. No individual country, other than the United States, represented more than 10% of total net revenue during the three months ended March 31, 2023 or 2022.

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

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

United States

 

$

6,758

 

 

$

6,978

 

International

 

 

3,709

 

 

 

3,188

 

Total net revenue

 

$

10,467

 

 

$

10,166

 

 

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

 

 

 

March 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

United States

 

$

4,472

 

 

$

4,032

 

International

 

 

247

 

 

 

246

 

Total

 

$

4,719

 

 

$

4,278