v3.26.1
Segment and Geographic Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information

10. Segment and Geographic Information

The Company’s chief operating decision maker ("CODM") is the Company’s chief executive officer ("CEO"). The CODM reviews the financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance and allocating resources. The CODM uses revenue, gross margin, operating expenses and net loss by its single operating and reportable segment to make strategic business decisions.

The following table sets forth the Company’s disaggregation of operating expenses that were reviewed by the CODM for the three and six months ended June 30, 2026 and 2025:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Research and development

 

$

14,139

 

 

$

8,898

 

 

$

26,971

 

 

$

17,585

 

Sales and marketing

 

 

3,187

 

 

 

2,399

 

 

 

6,483

 

 

 

4,948

 

General and administrative

 

 

6,668

 

 

 

4,670

 

 

 

13,120

 

 

 

10,564

 

Total operating expenses

 

$

23,994

 

 

$

15,967

 

 

$

46,574

 

 

$

33,097

 

The following is a summary of net sales for the three and six months ended June 30, 2026 and 2025, based on the country to which the Company's products were shipped, which may be different from the geographic locations of the ultimate end customers:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Taiwan

 

$

8,236

 

 

$

6,813

 

 

$

14,335

 

 

$

12,845

 

China

 

 

19,388

 

 

 

8,667

 

 

 

31,034

 

 

 

14,257

 

Singapore

 

 

55

 

 

 

2,056

 

 

 

55

 

 

 

5,655

 

United States

 

 

5,483

 

 

 

120

 

 

 

10,612

 

 

 

145

 

Rest of the World*

 

 

739

 

 

 

217

 

 

 

2,925

 

 

 

703

 

Total net sales

 

$

33,901

 

 

$

17,873

 

 

$

58,961

 

 

$

33,605

 

*Other countries individually less than 10%

 

 

 

 

 

 

 

 

 

 

 

 

 

The following illustrates property, equipment and software, net, and right-of-use assets, net by geographic location based on physical location:

 

June 30, 2026

 

 

December 31, 2025

 

 

 

(in thousands)

 

Taiwan

 

$

3,141

 

 

$

3,515

 

China

 

 

455

 

 

 

633

 

United States

 

 

2,884

 

 

 

593

 

Singapore

 

 

1,092

 

 

 

34

 

Total property, equipment and software, net and right-of-use assets, net

 

$

7,572

 

 

$

4,775