Annual report [Section 13 and 15(d), not S-K Item 405]

Revenue (Tables)

v3.25.1
Revenue (Tables)
 12 Months Ended
Dec. 31, 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

 

 

Year ended December 31,

 

December 31,

 

 

2024

 

2023

 

2024

 

2023

 

 

(as a percentage)

Customer 1

 

23.0%

 

<10%

 

<10%

 

<10%

Customer 2

 

12.7%

 

—%

 

<10%

 

—%

Customer 3

 

11.3%

 

<10%

 

<10%

 

<10%

Customer 4

 

10.5%

 

<10%

 

<10%

 

—%

Customer 5

 

<10%

 

<10%

 

18.2%

 

11.2%

Customer 6

 

—%

 

—%

 

12.9%

 

<10%

Customer 7

 

—%

 

—%

 

10.8%

 

<10%
Revenue by Geographic Area

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

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(In thousands)

 

Americas

 

$

39,908

 

 

$

67,883

 

Europe

 

 

839

 

 

 

9,219

 

Other

 

 

256

 

 

 

341

 

Total

 

$

41,003

 

 

$

77,443