Quarterly report pursuant to Section 13 or 15(d)

Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)

v3.22.2.2
Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)
 9 Months Ended
Sep. 30, 2022
Risks and Uncertainties [Abstract]  
Schedules of Concentration of Risk, by Risk Factor
Customers comprising greater than 10% of net revenues for each of the periods presented are as follows:
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Percentage of total net revenue
Customer A 31  % 17  % 22  % 16  %
Customer B * * * 10  %
Customer E * 10  % * *
The following table presents balances that are 10% or greater of accounts receivable, based on the Company’s billings to its customers.
September 30, December 31,
2022 2021
Percentage of gross accounts receivable
Customer B * 14  %
Customer C 17  % *
Customer D * 17  %
Customer F 26  % *
Customer G 11  % *
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*    Represents less than 10% of the gross accounts receivable as of the respective period end.
Significant Suppliers
Suppliers comprising greater than 10% of total inventory purchases are as follows:
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Vendor A 24  % 44  % 27  % 44  %
Vendor B 26  % 19  % 25  % 20  %
Vendor C 13  % 11  % 13  % 11  %
Revenue from External Customers by Geographic Areas
The Company’s consolidated net revenues by geographic area based on ship-to location are as follows (in thousands):
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Amount % of total net revenue Amount % of total net revenue Amount % of total net revenue Amount % of total net revenue
Asia $ 235,032  82  % $ 191,874  83  % $ 674,352  81  % $ 532,122  83  %
United States 10,991  4  % 8,971  4  % 29,543  4  % 27,298  4  %
Rest of world 39,707  14  % 28,929  13  % 125,771  15  % 85,089  13  %
Total $ 285,730  100  % $ 229,774  100  % $ 829,666  100  % $ 644,509  100  %
The products shipped to individual countries or territories representing greater than 10% of net revenue for each of the periods presented are as follows:
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Percentage of total net revenue
Hong Kong 51  % 40  % 43  % 40  %
China 14  % 12  % 16  % 11  %
Vietnam * 11  % * 12  %
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*    Represents less than 10% of the net revenue for the respective period.
Long-lived Assets by Geographic Areas Long-lived assets, which consists of property and equipment, net, leased right-of-use assets, intangible assets, net, and goodwill by geographic area are as follows (in thousands):
September 30, December 31,
2022 2021
Amount % of total Amount % of total
United States $ 367,714  70  % $ 382,650  70  %
Singapore 114,204  22  % 122,474  22  %
Rest of world 44,085  8  % 42,277  8  %
Total $ 526,003  100  % $ 547,401  100  %