Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.23.3
Segment Information
 9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2023, sales to customers in the United States accounted for approximately 67% and 70% of net revenue, respectively, and international sales accounted for approximately 33% and 30% of net revenue, respectively. 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. 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, 2023 or 2022.

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,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

United States

 

$

7,298

 

 

$

8,413

 

 

$

24,797

 

 

$

24,290

 

International

 

 

3,623

 

 

 

3,597

 

 

 

10,877

 

 

 

10,121

 

Net revenue

 

$

10,921

 

 

$

12,010

 

 

$

35,674

 

 

$

34,411

 

 

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

 

 

 

September 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

United States

 

$

5,814

 

 

$

4,032

 

International

 

 

235

 

 

 

246

 

Total

 

$

6,049

 

 

$

4,278