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Segment Information
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Information

NOTE 11—SEGMENT INFORMATION

The Company currently operates in a single business segment. Management uses one measurement of profitability and does not segregate its business for internal reporting. For the three months ended March 31, 2024, sales to customers in the United States accounted for approximately 66% of net revenue and international sales accounted for approximately 34% of net revenue. For the three months ended March 31, 2023, sales to customers in the United States accounted for approximately 65% of net revenue and international sales accounted for approximately 35% of net revenue. No individual country, other than the United States, represented more than 10% of total net revenue during the three months ended March 31, 2024 or 2023.

Net revenue by geographic location based on the location of customers was as follows (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

United States

 

$

6,690

 

 

$

6,758

 

International

 

 

3,441

 

 

 

3,709

 

Net revenue

 

$

10,131

 

 

$

10,467

 

 

Property, plant, and equipment by geographic location was as follows (in thousands):

 

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

United States

 

$

4,613

 

 

$

5,283

 

International

 

 

233

 

 

 

242

 

Total

 

$

4,846

 

 

$

5,525