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Product Line and Geographic Information
3 Months Ended
Mar. 31, 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 months ended March 31, 2022 and 2021:

 

 

 

Three Months Ended March 31, 2022

 

 

 

Antennas & Industrial IoT Devices

 

 

Test & Measurement Products

 

 

Corporate

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

17,102

 

 

$

5,583

 

 

$

(143

)

 

$

22,542

 

Gross Profit

 

$

5,247

 

 

$

4,162

 

 

$

(76

)

 

$

9,333

 

Gross Profit %

 

 

30.7

%

 

 

74.5

%

 

NA

 

 

 

41.4

%

 

 

 

 

Three Months Ended March 31, 2021

 

 

 

Antennas & Industrial IoT Devices

 

 

Test & Measurement Products

 

 

Corporate

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

11,723

 

 

$

6,205

 

 

$

(221

)

 

$

17,707

 

Gross Profit

 

$

3,747

 

 

$

4,588

 

 

$

3

 

 

$

8,338

 

Gross Profit %

 

 

32.0

%

 

 

73.9

%

 

NA

 

 

 

47.1

%

 

 

Geographic Information:

 

The Company’s revenue from customers by geographic location, as a percent of total revenues for the three months ended March 31, 2022 and 2021, was as follows:

 

 

 

Three Months Ended March 31,

 

Region

 

2022

 

 

2021

 

Europe, Middle East & Africa

 

27%

 

 

23%

 

Asia Pacific

 

6%

 

 

8%

 

Other Americas

 

2%

 

 

4%

 

Total Foreign sales

 

35%

 

 

35%

 

 

Customer Concentration:

 

During the three months ended March 31, 2022 and 2021, the customer concentration related to revenues was as follows:

 

 

 

Three Months Ended March 31,

 

Revenues

 

2022

 

 

2021

 

Customer B

 

12%

 

 

6%

 

Customer C

 

10%

 

 

10%

 

 

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

 

Trade Accounts Receivable

 

March 31, 2022

 

 

December 31, 2021

 

Customer B

 

14%

 

 

4%

 

Customer C

 

10%

 

 

9%