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Segment, Geographic, and Other Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment, Geographic, and Other Information Segment, Geographic, and Other Information
The Company manages its business on the basis of one operating segment and one reportable segment. The chief operating decision maker (“CODM”), who is the Chief Executive Officer, assesses performance for the one operating segment and decides how to allocate resources based on consolidated net income (loss) and consolidated income (loss) from operations, which is also reported on the Consolidated Statements of Comprehensive Income (Loss).

Significant expenses within consolidated net (loss) income include cost of sales, total operating expenses, interest expense, interest income, other (income) expense, net, change in fair value of warrant liabilities, foreign currency transaction loss (gain), net, and income tax expense (benefit), all of which are each separately reported on the Consolidated Statements of Comprehensive Income (Loss).

The CODM also reviews the disaggregation of total operating expenses, of which significant segment expenses are related to personnel-related expenses, which includes sales commissions and share-based compensation expense. Other segment expenses included in total operating expenses primarily consist of fees for professional services principally comprising legal, audit, tax and accounting services, depreciation and amortization expenses, advertising and marketing related expenses,
software, facilities-related costs, credit card and wire fees, and insurance. The following summarizes the components of operating expenses for the periods indicated:

Year Ended December 31,
(in thousands)202420232022
Total operating expenses:
Personnel-related expenses
$131,134 $152,625 $146,748 
Other segment expenses
118,936 133,405 127,872 
Total operating expenses
$250,070 $286,030 $274,620 
Net sales disaggregated by major product line were as follows for the periods indicated:
Year Ended December 31,
(in thousands)202420232022
Net Sales
Delivery Systems
$125,400 $206,630 $206,235 
Consumables208,894 191,361 159,641 
Total net sales$334,294 $397,991 $365,876 
Net sales by geographic region were as follows for the periods indicated:

Year Ended December 31,
(in thousands)202420232022
Americas$216,993 $227,709 $243,243 
Asia-Pacific
45,668 82,193 54,306 
Europe, the Middle East and Africa
71,633 88,089 68,327 
Total net sales$334,294 $397,991 $365,876 
No single customer accounted for 10% or more of consolidated net sales during the years ended December 31, 2024, 2023, and 2022.

No single customer accounted for 10% or more of the Company’s accounts receivable balance as December 31, 2024 and 2023.
Long-lived assets, which includes property and equipment, net and right-of-use assets, net, by geographic region were as follows for the periods indicated:

(in thousands)December 31, 2024December 31, 2023
U.S.$13,285 $13,937 
United Kingdom2,066 4,174 
Germany1,595 2,312 
China1,406 3,398 
Rest of World1,216 2,525 
Total long-lived assets$19,568 $26,346