Quarterly report [Sections 13 or 15(d)]

Revenue (Tables)

v3.25.3
Revenue (Tables)
9 Months Ended
Sep. 30, 2025
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 September 30,

 

Nine Months Ended September 30,

 

September 30,

 

December 31,

 

2025

 

2024

 

2025

 

2024

 

2025

 

2024

 

(as a percentage)

Customer 1

 

29.8%

 

—%

 

11.3%

 

<10%

 

21.3%

 

<10%

Customer 2

 

10.8%

 

—%

 

<10%

 

—%

 

—%

 

—%

Customer 3

 

10.3%

 

—%

 

<10%

 

—%

 

<10%

 

<10%

Customer 4

 

<10%

 

<10%

 

13.0%

 

16.4%

 

<10%

 

<10%

Customer 5

 

<10%

 

—%

 

12.4%

 

<10%

 

<10%

 

—%

Customer 6

 

<10%

 

50.7%

 

<10%

 

21.0%

 

<10%

 

<10%

Customer 7

 

<10%

 

27.5%

 

<10%

 

13.6%

 

<10%

 

<10%

Customer 8

 

<10%

 

<10%

 

11.0%

 

<10%

 

<10%

 

<10%

Customer 9

 

<10%

 

<10%

 

<10%

 

14.4%

 

<10%

 

<10%

Customer 10

 

—%

 

—%

 

—%

 

<10%

 

—%

 

18.2%

Customer 11

 

—%

 

—%

 

—%

 

—%

 

12.3%

 

12.9%

Customer 12

 

—%

 

—%

 

—%

 

—%

 

<10%

 

10.8%

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue by Geographic Area

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

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

(In thousands)

 

Americas

 

$

11,905

 

 

$

8,031

 

 

$

30,924

 

 

$

27,507

 

Europe

 

 

465

 

 

 

205

 

 

 

4,149

 

 

 

706

 

Other

 

 

1,270

 

 

 

11

 

 

 

1,459

 

 

 

164

 

Total

 

$

13,640

 

 

$

8,247

 

 

$

36,532

 

 

$

28,377