Annual report pursuant to Section 13 and 15(d)

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

v3.22.4
Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)
 12 Months Ended
Dec. 31, 2022
Risks and Uncertainties [Abstract]  
Schedules of Concentration of Risk, by Risk Factor
End customers comprising greater than 10% of net revenues for each of the periods presented are as follows:
Year Ended December 31,
2022 2021 2020
Percentage of total net revenue
Customer A 21  % 15  % 15  %
Customer B 10  % 11  % 13  %
The following table presents balances that are 10% or greater of accounts receivable, based on the Company’s billings to its customers.
December 31, December 31,
2022 2021
Percentage of gross accounts receivable
Customer B * 14  %
Customer C 11  % *
Customer D * 17  %
Customer E 28  % *
Customer F 12  % *
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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:
Year Ended December 31,
2022 2021 2020
Vendor A 25  % 38  % 34  %
Vendor B 26  % 22  % 20  %
Vendor C 12  % 12  % *
Vendor D * * 11  %
* Represents less than 10% of the inventory purchases for the respective period.
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):
Year Ended December 31,
2022 2021 2020
Amount % of total net revenue Amount % of total net revenue Amount % of total net revenue
Asia $ 915,024  82  % $ 736,808  83  % $ 393,579  82  %
United States 40,077  3  % 35,978  4  % 15,501  3  %
Rest of world 165,151  15  % 119,612  13  % 69,516  15  %
Total $ 1,120,252  100  % $ 892,398  100  % $ 478,596  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:
Year Ended December 31,
2022 2021 2020
Percentage of total net revenue
Hong Kong 43  % 40  % 42  %
China 16  % 12  % 17  %
Vietnam * 13  % *
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*    Represents less than 10% of total 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):
December 31, December 31,
2022 2021
Amount % of total Amount % of total
United States $ 368,882  70  % $ 382,650  70  %
Singapore 109,613  21  % 122,474  22  %
Rest of world 45,093  9  % 42,277  8  %
Total $ 523,588  100  % $ 547,401  100  %