Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.21.2
Segment Information
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Segment Information

14. Segment Information

 

The Company reports segment information based on how the Company’s chief operating decision maker (“CODM”) regularly reviews operating results, allocates resources and makes decisions regarding business operations. For segment reporting purposes, the Company’s business structure is comprised of one operating and reportable segment.

 

During the three and nine months ended September 30, 2021, three customers accounted for approximately 51% and 49%, respectively, of the consolidated revenues. During the three and nine months ended September 30, 2020 three customers accounted for approximately 81% and 60% of the respective consolidated revenues.

 

During the three and nine months ended September 30, 2021, approximately, 54% and 48% respectively, of the Company’s consolidated revenues were earned outside of the U.S.

 

Customers representing 10% or more of the Company’s total revenues for the three and nine months ended September 30, 2021 and 2020 are presented in the table below:

 

    Three months ended September 30     Nine months ended September 30  
    2021     2020     2021     2020  
Customer A     28 %     n/a       19 %     n/a  
Customer B     10 %     n/a       12 %     n/a  
Customer C     13 %     n/a       18 %     n/a  
Customer D     n/a       31 %     n/a       25 %
Customer E     n/a       27 %     n/a       15 %
Customer F     n/a       24 %     n/a       19 %