Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.24.2.u1
Revenue (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedules of Concentration of Risk

The customer concentration for balances greater than 10% of revenues and 10% of accounts receivables, net, respectively, are presented below:

 

 

Total Revenue

 

Accounts Receivable, Net

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

June 30,

 

December 31,

 

2024

 

2023

 

2024

 

2023

 

2024

 

2023

 

(as a percentage)

Customer 1

 

24.0%

 

—%

 

25.4%

 

—%

 

—%

 

—%

Customer 2

 

26.5%

 

—%

 

20.1%

 

<10%

 

<10%

 

<10%

Customer 3

 

16.0%

 

—%

 

<10%

 

—%

 

16.9%

 

—%

Customer 4

 

11.4%

 

<10%

 

<10%

 

<10%

 

<10%

 

—%

Customer 5

 

<10%

 

11.5%

 

<10%

 

10.4%

 

<10%

 

<10%

Customer 6

 

<10%

 

<10%

 

<10%

 

<10%

 

14.0%

 

11.2%

Customer 7

 

<10%

 

<10%

 

<10%

 

11.3%

 

<10%

 

<10%

Customer 8

 

<10%

 

23.4%

 

<10%

 

11.3%

 

<10%

 

<10%

Customer 9

 

<10%

 

12.1%

 

<10%

 

<10%

 

<10%

 

<10%

Customer 10

 

<10%

 

11.3%

 

<10%

 

<10%

 

—%

 

<10%
Revenue by Geographic Area

The Company currently sells its products in the geographic regions as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

(In thousands)

 

Americas

 

$

10,103

 

 

$

20,923

 

 

$

19,476

 

 

$

43,086

 

Europe

 

 

176

 

 

 

4,173

 

 

 

501

 

 

 

8,598

 

Other

 

 

65

 

 

 

38

 

 

 

153

 

 

 

137

 

Total

 

$

10,344

 

 

$

25,134

 

 

$

20,130

 

 

$

51,821