General form for registration of securities under the Securities Act of 1933

Revenue (Tables)

v3.25.2
Revenue (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]    
Schedule 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,  
    2025     2024     2025     2024     2025     2024  
    (as a percentage)  
Customer 1     30.5 %     — %     18.1 %     <10 %     — %     — %
Customer 2     20.1 %     <10 %     15.9 %     <10 %     <10 %     <10 %
Customer 3     14.6 %     24.0 %     20.6 %     25.4 %     <10 %     <10 %
Customer 4     <10 %     — %     14.3 %     <10 %     <10 %     — %
Customer 5     <10 %     26.5 %     <10 %     20.1 %     <10 %     <10 %
Customer 6     — %     16.0 %     — %     <10 %     — %     <10 %
Customer 7     <10 %     11.4 %     <10 %     <10 %     <10 %     <10 %
Customer 8     <10 %     <10 %     <10 %     <10 %     17.3 %     — %
Customer 9     — %     — %     — %     — %     12.8 %     12.9 %
Customer 10     — %     — %     — %     — %     <10 %     10.8 %
Customer 11     — %     <10 %     — %     <10 %     — %     18.2 %

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%  
Schedule of Revenue by Geographic Area

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

 

    2025     2024     2025     2024  
    Three Months Ended June 30,     Six Months Ended June 30,  
    2025     2024     2025     2024  
    (In thousands)  
Americas   $ 10,731     $ 10,103     $ 19,020     $ 19,476  
Europe     2,748       176       3,684       501  
Other     93       65       188       153  
Total   $ 13,572     $ 10,344     $ 22,892     $ 20,130  

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