Segment Reporting, Geographic Information, and Concentration of Credit Risk |
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| Segment Reporting, Geographic Information, and Concentration of Credit Risk | Note 10. Segment Reporting, Geographic Information, and Concentration of Credit Risk Segment Reporting The Company has one reportable and operating segment: the IoT Business segment. The Company identified its operating segment based on how the Company's chief operating decision maker ("CODM") manages the business, makes operating decisions and evaluates the Company's operating performance. The Company derives revenue primarily in the Americas, Europe and the Middle East, and Asia-Pacific regions. The Company's acts as the CODM and reviews financial and operational information on a consolidated, or entity-wide, basis. As the Company's CODM manages operations on a consolidated basis, consolidated net loss from operations as reported in the Company's condensed consolidated statements of comprehensive loss is the U.S. GAAP measure that is used to make operating decisions and evaluate operating performance. The significant expense categories which are used to manage operations are those reflected in the Company's condensed consolidated statements of comprehensive loss. Geographical Information Geographic net revenue is based on the customer’s ship-to location. Information regarding net revenue by geographic region for the three months ended March 31, 2026 and 2025 is as follows (in thousands):
Long-lived assets by geographic location as of March 31, 2026 and December 31, 2025 are as follows (in thousands):
Concentration of Credit Risk Three customers accounted for 37%, 14%, and 10%, respectively, of net revenue for the three months ended March 31, 2026. One customer accounted for 16% net revenue for the three months ended March 31, 2025. Three customers accounted for 32%, 12%, and 10%, respectively, of net accounts receivable as of March 31, 2026. Two customers accounted for 19% and 15%, respectively, of net accounts receivable as of December 31, 2025. |
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