Segment, Customer and Geographic Information

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Segment, Customer and Geographic Information

Note 16. Segment, Customer and Geographic Information

The Company manages its business activities on a consolidated basis and operates in one reportable segment. The Company’s Chief Executive Officer is the Chief Operating Decision Maker (“CODM”). The CODM makes decisions on resource allocation, assesses performance of the business, and monitors budget versus actual results using loss from operations.

Significant expenses within loss from operations include cost of product revenue, research and development, and selling, general and administrative expenses, which are each separately presented on the Company’s Consolidated Statements of Operations.

The Company’s operations outside of the U.S. include a wholly-owned subsidiary headquartered in Europe. The Company’s operations in the U.S. are responsible for the R&D and global and domestic commercialization of the INTERCEPT Blood System, while operations in Europe are responsible for the commercialization efforts of the platelet and plasma systems in Europe, the Commonwealth of Independent States and the Middle East. Product revenues are attributed to each region based on the location of the customer, and in the case of non-product revenues, on the location of the collaboration partner.

The Company had the following significant customers that accounted for more than 10% of the Company’s total product revenue, during the years ended December 31, 2024, 2023 and 2022 (in percentages):

	Year Ended December 31,
	2024	2023	2022
American Red Cross	35%	35%	35%
Établissement Français du Sang	11%	12%	12%

Revenues by geographical location were based on the location of the customer during the years ended December 31, 2024, 2023 and 2022, and was as follows (in thousands):

	Year Ended December 31,
	2024		2023		2022
Product revenue:
United States	$	111,073	$	93,232	$	101,391
France		19,692		18,490		19,327
Other countries		49,505		44,645		41,330
Total product revenue		180,270		156,367		162,048
Government contract revenue:
United States		21,051		30,430		26,267
Total government contract revenue		21,051		30,430		26,267
Total revenue	$	201,321	$	186,797	$	188,315

Long-lived assets by geographical location at December 31, 2024 and December 31, 2023, were as follows (in thousands):

	December 31,
	2024		2023
United States	$	6,807	$	8,444
Europe & other		347		196
Total long-lived assets	$	7,154	$	8,640