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Note 11 - Segment Reporting
 9 Months Ended
Sep. 30, 2022
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

(11)

Segment Reporting

 

The Company consists of a single operating and reportable segment.

 

One customer comprised 25.1% and 20.5% of the Company’s consolidated revenues for the three- and nine-month periods ended September 30, 2022, respectively. No customer comprised more than 10% of the Company’s consolidated revenues for the same periods in 2021. At September 30, 2022, one customer represented approximately 10.7% of gross accounts receivable. At December 31, 2021, no customer exceeded 10% of gross accounts receivable.

 

The Company’s products are primarily sold to customers within the Medical, Automotive, Aerospace & Defense, Consumer, Industrial, and Electronics markets. Net sales by market for the three- and nine-month periods ended September 30, 2022 and 2021 are as follows (in thousands):

 

  

Three Months Ended

September 30,

  

Nine Months Ended

September 30,

 
  

2022

  

2021(1)

  

2022

  

2021(1)

 

Market

 

Net Sales

  

%

  

Net Sales

  

%

  

Net Sales

  

%

  

Net Sales

  

%

 
                                 

Medical

 $81,591   84.1% $32,376   63.8% $208,464   79.4% $95,088   63.4%

Automotive

  4,681   4.8%  3,852   7.6%  13,383   5.1%  12,065   8.0%

Aerospace & Defense

  3,590   3.7%  3,881   7.7%  11,097   4.2%  12,636   8.4%

Consumer

  3,099   3.2%  6,449   12.7%  15,644   6.0%  18,125   12.1%

Industrial

  2,748   2.8%  2,162   4.3%  7,924   2.9%  6,508   4.2%

Electronics

  1,261   1.3%  2,003   4.0%  6,043   2.4%  5,555   3.7%

Net Sales

 $96,970   100.0% $50,723   100.0% $262,555   100.0% $149,977   100.0%

 

 

(1)

Certain amounts for the three and nine months ended September 30, 2021, were reclassified between markets to conform to the current period presentation.