Segment, Geographic and Customer Concentration Information

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment, Geographic and Customer Concentration Information

Segment, Geographic and Customer Concentration Information

The Company conducts its business in one operating segment that develops and produces Lidar sensors for use in industrial, 3D mapping, drones and auto applications. The Company’s Chief Executive Officer (“CEO”) is the chief operating decision maker (“CODM”). The CODM allocates resources and makes operating decisions based on financial information presented on a consolidated basis, accompanied by disaggregated information about sales and gross margin by product group. The profitability of the Company’s product group is not a determining factor in allocating resources and the CODM does not evaluate profitability below the level of the consolidated company.

The Company reports revenue by region and country based on the location where its customers accept delivery of its products and services. Revenue by country and number of customers that accounted for more than 10% of revenue was as follows:

	Three Months Ended March 31,
	2022		2021
Countries over 10% of revenue:
U.S.	(23	%)	26	%
China	32	%	45	%
Sweden	24	%	13	%
Korea	20	%	*
Japan	18	%	*
Number of customers that accounted for over 10% of revenue:	5		2
* Less than 10%.

For the three months ended March 31, 2022, revenue in the U.S. included a reduction to product revenues of $5.3 million in respect of the Amazon Warrant. Refer to Note 9 for more information.

The Company’s long-lived assets, consisting primarily of property, plant and equipment, were primarily located in the United States as of March 31, 2022 and December 31, 2021.