Annual report pursuant to Section 13 and 15(d)

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

v3.24.0.1
Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)
 12 Months Ended
Dec. 31, 2023
Risks and Uncertainties [Abstract]  
Schedules of Concentration of Risk, by Risk Factor
Customers comprising 10% or greater of net revenues for each of the periods presented are as follows:
Year Ended December 31,
2023 2022 2021
Percentage of total net revenue
Customer A * 21  % 15  %
Customer B 10  % 10  % 11  %
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*    Represents less than 10% of the 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.
December 31,
2023 2022
Percentage of gross accounts receivable
Customer C 33  % 12  %
Customer D 24  % 28  %
Customer E * 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% or greater of total inventory purchases are as follows:
Year Ended December 31,
2023 2022 2021
Vendor A 23  % 25  % 38  %
Vendor B 23  % 26  % 22  %
Vendor C 10  % 12  % 12  %
Schedule 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):
Year Ended December 31,
2023 2022 2021
Amount % of total net revenue Amount % of total net revenue Amount % of total net revenue
Asia $ 521,433  75  % $ 915,024  82  % $ 736,808  83  %
Europe 124,556  18  % 142,494  13  % 106,428  12  %
United States 36,955  5  % 40,077  4  % 35,978  4  %
Rest of world 10,319  2  % 22,657  2  % 13,184  1  %
Total $ 693,263  100  % $ 1,120,252  100  % $ 892,398  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,
2023 2022 2021
Percentage of total net revenue
Hong Kong 37  % 43  % 40  %
China 11  % 16  % 12  %
Vietnam * * 13  %
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*    Represents less than 10% of total net revenue for the respective period.
Schedule 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):
December 31,
2023 2022
Amount % of total Amount % of total
United States $ 337,696  69  % $ 368,882  70  %
Singapore 113,248  23  % 109,613  21  %
Rest of world 38,969  8  % 45,093  9  %
Total $ 489,913  100  % $ 523,588  100  %