v3.22.4
Note 14 - Significant Customers
12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]

14.  SIGNIFICANT CUSTOMERS

 

The Company sells its products primarily through third-party distributors and value-added resellers, and directly to OEMs, ODMs and EMS providers. The following table summarizes those customers with sales equal to 10% or more of the Company's total revenue: 

 

 

  

Year Ended December 31,

 

Customer

 

2022

 

2021

 

2020

 

Distributor A

  24% 26% 24%

Distributor B

  19% 15% 11%

Distributor C

  *  10% * 

 

 


* Represents less than 10%.

 

The Company’s agreements with these third-party customers were made in the ordinary course of business and  may be terminated with or without cause by these customers with advance notice. Although the Company  may experience a short-term disruption in the distribution of its products and a short-term decline in revenue if its agreement with any of the distributors was terminated, the Company believes that such termination would not have a material adverse effect on its financial statements because it would be able to engage alternative distributors, resellers and other distribution channels to deliver its products to end customers within a short period following the termination of the agreement with the distributor.

 

The following table summarizes those customers with accounts receivable equal to 10% or more of the Company’s total accounts receivable:  

 

  

December 31,

 
  

2022

  

2021

 

Distributor A

  29%  26%

Distributor B

  23%  17%

Value-added reseller A

  *   12%

 

 


* Represents less than 10%.