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Product Line and Geographic Information
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Product Line and Geographic Information

14. Product Line and Geographic Information

Product Line Information:

The following tables are the product line revenues and gross profits for the three and nine months ended September 30, 2022 and 2021:

 

 

 

Three Months Ended September 30, 2022

 

 

 

Antennas & Industrial IoT Devices

 

 

Test & Measurement Products

 

 

Corporate

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

18,653

 

 

$

7,683

 

 

$

(348

)

 

$

25,988

 

Gross Profit

 

$

6,562

 

 

$

5,544

 

 

$

(170

)

 

$

11,936

 

Gross Profit %

 

 

35.2

%

 

 

72.2

%

 

NA

 

 

 

45.9

%

 

 

 

 

Nine Months Ended September 30, 2022

 

 

 

Antennas & Industrial IoT Devices

 

 

Test & Measurement Products

 

 

Corporate

 

 

Total

 

Revenues

 

$

53,310

 

 

$

20,698

 

 

$

(502

)

 

$

73,506

 

Gross Profit

 

$

17,435

 

 

$

15,466

 

 

$

(205

)

 

$

32,696

 

Gross Profit %

 

 

32.7

%

 

 

74.7

%

 

NA

 

 

 

44.5

%

 

 

 

Three Months Ended September 30, 2021

 

 

 

Antennas & Industrial IoT Devices

 

 

Test & Measurement Products

 

 

Corporate

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

16,686

 

 

$

5,921

 

 

$

(196

)

 

$

22,411

 

Gross Profit

 

$

5,655

 

 

$

4,635

 

 

$

(36

)

 

$

10,254

 

Gross Profit %

 

 

33.9

%

 

 

78.3

%

 

NA

 

 

 

45.8

%

 

 

 

Nine Months Ended September 30, 2021

 

 

 

Antennas & Industrial IoT Devices

 

 

Test & Measurement Products

 

 

Corporate

 

 

Total

 

Revenues

 

$

43,971

 

 

$

18,540

 

 

$

(712

)

 

$

61,799

 

Gross Profit

 

$

14,578

 

 

$

14,057

 

 

$

(102

)

 

$

28,533

 

Gross Profit %

 

 

33.2

%

 

 

75.8

%

 

NA

 

 

 

46.2

%

 

Geographic Information:

 

The Company’s revenue from customers by geographic location, as a percent of total revenues for the three and nine months ended September 30, 2022 and 2021, is as follows:

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

Region

 

2022

 

2021

 

2022

 

2021

Europe, Middle East & Africa

 

20%

 

23%

 

21%

 

23%

Asia Pacific

 

7%

 

9%

 

6%

 

8%

Other Americas

 

3%

 

3%

 

3%

 

4%

Total Foreign sales

 

30%

 

35%

 

30%

 

35%

 

Customer Concentration:

 

The following table represents the customers that accounted for 10% or more of revenues during the three and nine months ended September 30, 2022 and 2021:

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

Revenues

 

2022

 

2021

 

2022

 

2021

Customer C

 

18%

 

5%

 

15%

 

8%

Customer A

 

11%

 

2%

 

9%

 

4%

 

The following table represents the customers that accounted for 10% or more of total trade accounts receivable:

 

Trade Accounts Receivable

 

September 30, 2022

 

December 31, 2021

Customer A

 

27%

 

5%

Customer C

 

9%

 

9%