Significant Customers, Concentrations of Credit Risk, and Geographic Information

3 Months Ended

Mar. 31, 2026

Significant Customers, Concentrations of Credit Risk, and Geographic Information

Significant Customers, Concentrations of Credit Risk, and Geographic Information

Note 6 – Significant Customers, Concentrations of Credit Risk, and Geographic Information

We manage and operate our business through one operating segment.

Revenues from customers equal to or greater than 10% of total revenues are as follows:

	Three Months Ended March 31,
	2026		2025
Customer A	17	%	22	%
Customer B	12	%	*	%

*Less than 10% of total revenues

Revenues by geographic area are as follows:

	Three Months Ended March 31,
	2026		2025
	(in thousands)
United States	$	1,267	$	1,102
Asia and Middle East		645		369
Europe and other		1,162		1,193
Revenue	$	3,074	$	2,664

Revenues by geographic area are based on the country of shipment destination. The geographic location of distributors and third-party manufacturing service providers may be different from the geographic location of the purchasers and/or ultimate end users.

We provide credit only to creditworthy third parties who are subject to our credit verification procedures. Accounts receivable balances are monitored on an ongoing basis, and accounts deemed to have credit risk are fully reserved. At March 31, 2026, one customer accounted for 23% of total accounts receivable. At December 31, 2025, the same customer accounted for 23% of total accounts receivable.

Our long-lived assets were geographically located as follows:

	March 31,		December 31,
	2026		2025
	(in thousands)
United States	$	1,045	$	1,122
Europe		3,698		3,973
Asia		317		340
Total long-lived assets	$	5,060	$	5,435