Note 15 - Significant Customers

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

15.  SIGNIFICANT CUSTOMERS

The Company sells its products primarily through third-party distributors and value-added resellers. In addition, the Company sells directly to OEMs, ODMs and end customers. The following table summarizes those customers with sales equal to 10% or more of the Company’s total revenue: 

	Year Ended December 31,
Customer	2024			2023			2022
Distributor A		31	%		26	%		24	%
Distributor B		20	%		19	%		19	%
Distributor C		*			10	%		*

* Represents less than 10%.

The Company’s agreements with these third-party distributors were made in the ordinary course of business and may be terminated with or without cause by these distributors with advance notice. Although the Company may experience a short-term disruption in the distribution of its products and a short-term decline in revenue if its agreement with any of the distributors were terminated, the Company believes that such termination would not have a material adverse effect on its financial statements because it would be able to engage alternative distributors, resellers and other distribution channels to deliver its products to end customers within a short period following any termination of the agreement with a distributor.

The following table summarizes those customers with accounts receivable equal to 10% or more of the Company’s total accounts receivable:  

	December 31,
Customer	2024			2023
Distributor A		28	%		42	%
Distributor B		29	%		13	%
Distributor C		*			10	%

* Represents less than 10%.