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Note 11 - Segment Data
 3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

(11)

Segment Data

 

The Company consists of a single operating and reportable segment.

 

Revenues shipped to customers outside of the United States comprised approximately 18.4% and 16.6% of the Company’s consolidated revenues for the three months ended March 31, 2024 and 2023, respectively. One customer comprised approximately 32.2% and 22.3% of the Company’s consolidated revenues for the three months ended March 31, 2024 and 2023, respectively. On March 31, 2024, one customer represented approximately 18.6% of gross accounts receivable. On December 31, 2023, two customers represented approximately 16.5% and 12.2%, respectively, of gross accounts receivable. Approximately 15.8% of all long-lived assets are located outside of the United States.

 

The Company’s products are primarily sold to customers within the Medical, Aerospace & Defense, Automotive, and Industrial/Other markets. Sales by market for the three months ended March 31, 2024 and 2023 are as follows (in thousands):

 

   

Three Months Ended March 31,

  
   

2024

    

2023

  

Market

  

Net Sales

    

%

    

Net Sales

    

%

  
                                 

Medical

   $ 90,037       85.7 %   $ 83,804       85.7 %

Aerospace & Defense

     6,137       5.8 %     4,217       4.3 %

Automotive

     3,949       3.8 %     4,347       4.4 %

Industrial / Other

     4,886       4.7 %     5,385       5.6 %

Net Sales

   $ 105,009       100.0 %   $ 97,753       100.0 %