Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.23.2
Segment Information
 6 Months Ended
Jun. 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 six months ended June 30, 2023, sales to customers in the United States accounted for approximately 75% and 71% of net revenue, respectively, and international sales accounted for approximately 25% and 29% of net revenue, respectively. For the three and six months ended June 30, 2022, sales to customers in the United States accounted for approximately 73% and 71% of net revenue, respectively, and international sales accounted for approximately 27% 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 six months ended June 30, 2023 or 2022.

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

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

United States

 

$

10,741

 

 

$

8,899

 

 

$

17,499

 

 

$

15,877

 

International

 

 

3,545

 

 

 

3,336

 

 

 

7,254

 

 

 

6,524

 

Net revenue

 

$

14,286

 

 

$

12,235

 

 

$

24,753

 

 

$

22,401

 

 

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

 

 

 

June 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

United States

 

$

6,127

 

 

$

4,032

 

International

 

 

244

 

 

 

246

 

Total

 

$

6,371

 

 

$

4,278