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Segment and Geographic Information
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment and Geographic Information

NOTE 16. SEGMENT AND GEOGRAPHIC INFORMATION

Operating segments are defined as components of an enterprise for which separate financial information is available and evaluated regularly by the chief operating decision maker, which is our Chief Executive Officer, in deciding how to allocate resources and in assessing performance. We manage our business globally within one operating segment in accordance with ASC Topic 280, Segment Reporting (“ASC 280”). Segment information is consistent with how management reviews the business, makes investing and resource allocation decisions and assesses operating performance.

Product sales attributed to a country or region includes product sales to hospitals, physicians and distributors. No individual customer accounted for more than 10% of total product sales for any of the periods presented. No customer accounted for more than 10% of consolidated accounts receivable as of December 31, 2023 and 2022.

The following table represents total net revenue by geographic area, based on the location of the customer for the years ended December 31, 2023, 2022 and 2021, respectively.

 

 

 

 

Year Ended December 31,

 

 

 

 

2023

 

 

2022

 

 

2021

 

United States

 

 

$

183,505

 

 

$

158,105

 

 

$

130,112

 

International

 

 

 

32,884

 

 

 

23,278

 

 

 

17,352

 

Total net revenue

 

 

$

216,389

 

 

$

181,383

 

 

$

147,464

 

 

No individual country with net revenue originating outside of the United States accounted for more than 10% of consolidated net revenue for the years ended December 31, 2023, 2022 and 2021.

The following table represents total non-current assets, excluding deferred taxes, by geographic area for the years ended December 31, 2023 and 2022, respectively.

 

 

 

 

December 31, 2023

 

 

December 31, 2022

 

United States

 

 

$

89,531

 

 

$

79,458

 

Finland

 

 

 

25,032

 

 

 

25,581

 

Other International

 

 

 

9,617

 

 

 

6,546

 

Total assets

 

 

$

124,179

 

 

$

111,585