MAJOR CUSTOMERS AND RELATED INFORMATION |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| MAJOR CUSTOMERS AND RELATED INFORMATION [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MAJOR CUSTOMERS AND RELATED INFORMATION |
16. MAJOR CUSTOMERS AND RELATED INFORMATION
For the three months ended June 30, 2026, revenue from one distributor accounted for approximately 74% of revenue with no other single customer accounting for more than 10% of total revenue. For the three months ended June 30, 2025, revenue from three customers accounted for approximately 32%, 23% and 10% of revenue, respectively, with no other single customer accounting for more than 10% of total revenue.
For the six months ended June 30, 2026, revenue from one distributor accounted for approximately 62% of revenue, with no other single customer accounting for more than 10% of total revenue. For the six months ended June 30, 2025, revenue from one customer accounted for approximately 16% of revenue, with no other single customer accounting for more than 10% of total revenue.
At June 30, 2026, accounts receivable from one distributor accounted for 76% of net accounts receivable with no other single customer accounting for more than 10% of the accounts receivable balance. At December 31, 2025, accounts receivable from two distributors accounted for 71% and 10%, respectively of net accounts receivable and contract assets, with no other single customer accounting for more than 10% of the accounts receivable and contract assets balance.
The following table summarizes revenue by geographic region. Revenue is attributed to countries based on customer’s delivery location:
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