v3.26.1
Significant Customers, Concentrations of Credit Risk, and Geographic Information
6 Months Ended
Jun. 30, 2026
Significant Customers, Concentrations of Credit Risk, and Geographic Information  
Significant Customers, Concentrations of Credit Risk, and Geographic Information

Note 6 – Significant Customers, Concentrations of Credit Risk, and Geographic Information

We manage and operate our business through one operating segment.

Revenues from customers equal to or greater than 10% of total revenues are as follows:

Three Months Ended June 30, 

Six Months Ended June 30, 

 

  ​ ​ ​

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

 

Customer A

 

18

%  

13

%  

15

%  

10

%

Customer B

 

12

%  

17

%

14

%

19

%

Revenues by geographic area are as follows:

Three Months Ended June 30, 

Six Months Ended June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

 

(in thousands)

United States

$

1,877

$

1,728

$

3,144

$

2,830

Asia and Middle East

 

700

424

1,345

793

Europe and other

 

1,193

1,262

2,355

2,455

Revenue

$

3,770

$

3,414

$

6,844

$

6,078

Revenues by geographic area are based on the country of shipment destination. The geographic location of distributors and third-party manufacturing service providers may be different from the geographic location of the purchasers and/or ultimate end users.

We provide credit only to creditworthy third parties who are subject to our credit verification procedures. Accounts receivable balances are monitored on an ongoing basis, and accounts deemed to have credit risk are fully reserved. At June 30, 2026, two customers accounted for 24% and 18%, respectively, of total accounts receivable. At December 31, 2025, one customer accounted for 23% of total accounts receivable.

Our long-lived assets were geographically located as follows:

  ​ ​ ​

June 30, 

  ​ ​ ​

December 31, 

 

2026

 

2025

 

(in thousands)

United States

$

948

$

1,122

Europe

3,788

3,973

Asia

 

462

340

Total long-lived assets

$

5,198

$

5,435