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Note 12 - Segment Reporting
 3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

(12)

Segment Reporting

 

The Company consists of a single operating and reportable segment.

 

Revenues shipped to customers outside of the United States comprised approximately 16.6% and 12.0% of the Company’s consolidated revenues for the three months ended March 31, 2023 and 2022, respectively.

 

One customer comprised approximately 22% and 15% of the Company’s consolidated revenues for the three-month periods ended March 31, 2023 and 2022, respectively. One customer represented approximately 17% and 10% of gross accounts receivable at March 31, 2023 and December 31, 2022, respectively. Approximately 18% of all long-lived assets are located outside of the United States.

 

The Company’s products are primarily sold to customers within the Medical, Automotive, Aerospace & Defense, and Industrial/Other markets. Net sales by market for the three-month periods ended March 31, 2023 and 2022 are as follows (in thousands):

 

  

Three Months Ended March 31,

 
  

2023

  

2022

 

Market

 

Net Sales

  

%

  

Net Sales

  

%

 
                 

Medical

 $83,804   85.7% $52,554   73.8%

Automotive

  4,347   4.4%  4,351   6.1%

Aerospace & Defense

  4,217   4.3%  3,755   5.3%

Industrial / Other

  5,385   5.6%  10,582   14.8%

Net Sales

 $97,753   100.0% $71,242   100.0%

 

Certain amounts for the three months ended March 31, 2022 were reclassified between markets to conform to the current year presentation.