v3.26.1
Segment Reporting, Geographic Information, and Concentration of Credit Risk (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting, Geographic Information, and Concentration of Credit Risk [Abstract]  
Net Revenue by Geographic Region

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):

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Americas

 

$

5,414

 

 

$

2,238

 

Europe and the Middle East

 

 

1,438

 

 

 

1,787

 

Asia-Pacific

 

 

561

 

 

 

1,244

 

Total

 

$

7,413

 

 

$

5,269

 

 

 

 

 

 

 

 

As percentage of net revenue:

 

 

 

 

 

 

Americas

 

 

73

%

 

 

42

%

Europe and the Middle East

 

 

19

%

 

 

34

%

Asia-Pacific

 

 

8

%

 

 

24

%

Total

 

 

100

%

 

 

100

%

Long-Lived Assets by Geographic Location

Long-lived assets by geographic location as of March 31, 2026 and December 31, 2025 are as follows (in thousands):

 

 

 

March 31,
2026

 

 

December 31,
2025

 

Property and equipment, net:

 

 

 

 

 

 

Americas

 

$

193

 

 

$

200

 

Europe and the Middle East

 

 

1,478

 

 

 

680

 

Asia-Pacific

 

 

6,005

 

 

 

6,436

 

Total property and equipment, net

 

$

7,676

 

 

$

7,316

 

 

 

 

 

 

 

 

Operating lease right-of-use assets:

 

 

 

 

 

 

Americas

 

$

 

 

$

 

Europe and the Middle East

 

 

237

 

 

 

282

 

Asia-Pacific

 

 

480

 

 

 

559

 

Total operating lease right-of-use assets

 

$

717

 

 

$

841

 

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.