Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.1
Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)
 3 Months Ended
Mar. 31, 2023
Risks and Uncertainties [Abstract]  
Summary 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 March 31,
2023 2022
Percentage of total net revenue
Customer A * 16  %
Customer B 15  % 11  %
Customer C * 10  %
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*    Represents less than 10% of net revenues for the period presented.
The following table presents balances that are 10% or greater of accounts receivable, based on the Company’s billings to its customers.
March 31, December 31,
2023 2022
Percentage of gross accounts receivable
Customer C * 11  %
Customer D 20  % 12  %
Customer E 16  % 28  %
Customer F 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 March 31,
2023 2022
Vendor A 23  % 27  %
Vendor B 25  % 26  %
Vendor C * 12  %
Vendor D 11  % *
Summary of 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 March 31,
2023 2022
Amount % of total net revenue Amount % of total net revenue
Asia $ 192,502  77  % $ 211,665  80  %
United States 12,184  5  % 8,868  3  %
Rest of world 43,755  18  % 43,394  17  %
Total $ 248,441  100  % $ 263,927  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 March 31,
2023 2022
Percentage of total net revenue
Hong Kong 31  % 38  %
China 16  % 11  %
Vietnam * 13  %
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*    Represents less than 10% of the net revenue for the respective period.
Summary of 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):
March 31, December 31,
2023 2022
Amount % of total Amount % of total
United States $ 370,191  71  % $ 368,882  70  %
Singapore 105,943  21  % 109,613  21  %
Rest of world 43,176  8  % 45,093  9  %
Total $ 519,310  100  % $ 523,588  100  %