v3.26.3
CONCENTRATION OF RISK
9 Months Ended
Sep. 30, 2026
Risks and Uncertainties [Abstract]  
CONCENTRATION OF RISK

19. CONCENTRATION OF RISK:

Revenues and accounts receivable from the Company's largest customers were as follows (in thousands):

 

 

% of Total Revenue for the
 Three Months Ended September 30,

 

% of Total Revenue for the
 Nine Months Ended September 30,

 

Accounts Receivable as of

 

Customer

 

2026

 

2025

 

2026

 

2025

 

September 30, 2026

 

A

 

45%

 

54%

 

46%

 

42%

 

$

15,626

 

B

 

23%

 

25%

 

23%

 

21%

 

 

38,674

 

C

 

14%

 

8%

 

16%

 

17%

 

 

7,777

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from outside of North America represented approximately 97% of consolidated revenue for both three months ended September 30, 2026 and 2025, respectively, and 97% and 96% for the nine months ended September 30, 2026 and 2025, respectively. Revenues by geographic area are as follows (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

Country

 

2026

 

 

2025

 

 

2026

 

 

2025

 

South Korea

 

$

101,263

 

 

$

103,069

 

 

$

281,843

 

 

$

276,924

 

China

 

 

52,440

 

 

 

32,161

 

 

 

155,173

 

 

 

179,173

 

Japan

 

 

1,828

 

 

 

383

 

 

 

2,410

 

 

 

2,497

 

Other non-U.S. locations

 

 

371

 

 

 

223

 

 

 

1,025

 

 

 

1,211

 

Total non-U.S. locations

 

 

155,902

 

 

 

135,836

 

 

 

440,451

 

 

 

459,805

 

United States

 

 

4,530

 

 

 

3,777

 

 

 

14,349

 

 

 

17,879

 

Total revenue

 

$

160,432

 

 

$

139,613

 

 

$

454,800

 

 

$

477,684

 

The Company attributes revenue to different geographic areas on the basis of the location of the customer.

Property and equipment, net by geographic area are as follows (in thousands):

 

 

 

September 30, 2026

 

 

December 31, 2025

 

United States

 

$

115,167

 

 

$

120,835

 

Ireland

 

 

69,830

 

 

 

73,838

 

Other

 

 

21,952

 

 

 

20,274

 

Total property and equipment, net

 

$

206,949

 

 

$

214,947

 

Substantially all finished goods were purchased from one supplier. See Note 13.