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Note 13 - Segment Data | 9 Months Ended
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Sep. 30, 2024
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
(13) | Segment Data
The Company consists of a single operating and reportable segment. Information about Geographic Areas Revenues shipped to customers outside of the United States comprised approximately 14.7% and 17.1% of the Company’s consolidated revenues for the three- and nine-month periods ended September 30, 2024, respectively. Revenues shipped to customers outside of the United States comprised approximately 15.4% and 16.8% of the Company’s consolidated revenues for the three- and nine-month periods ended September 30, 2023, respectively. Approximately 18.4% of all long-lived assets are located outside of the United States. Information about Major Customers Sales to two customers comprised approximately 26.7% and 24.0%, respectively, of the Company’s consolidated revenues for the three-month period ended September 30, 2024. Sales to two customers comprised approximately 30.3% and 12.4%, respectively, of the Company’s consolidated revenues for the nine-month period ended September 30, 2024. Sales to one customer comprised approximately 30.3% and 24.7% of the Company’s consolidated revenues for the three-and-nine-month periods ended September 30, 2023, respectively. On September 30, 2024, three customers represented approximately 14.9%, 13.6%, and 11.6%, respectively, of gross accounts receivable. On December 31, 2023, two customers represented approximately 16.5% and 12.2%, respectively, of gross accounts receivable. The Company’s products are primarily sold to customers within the Medical, Industrial/Other markets, Aerospace & Defense, and Automotive markets. Sales by market for the three and nine months ended September 30, 2024 and 2023 are as follows (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Market |  | Net Sales |  |  | % |  |  | Net Sales |  |  | % |  |  | Net Sales |  |  | % |  |  | Net Sales |  |  | % |
Medical |  | $ | 132,623 |  |  |  | 91.4 | % |  | $ | 87,127 |  |  |  | 86.5 | % |  | $ | 318,079 |  |  |  | 88.3 | % |  | $ | 257,092 |  |  |  | 86.1 | %
Industrial/ Other |  |  | 4,637 |  |  |  | 3.2 | % |  |  | 4,902 |  |  |  | 4.9 | % |  |  | 14,484 |  |  |  | 3.9 | % |  |  | 15,834 |  |  |  | 5.3 | %
Aerospace & Defense |  |  | 4,444 |  |  |  | 3.1 | % |  |  | 4,377 |  |  |  | 4.3 | % |  |  | 16,401 |  |  |  | 4.6 | % |  |  | 12,828 |  |  |  | 4.3 | %
Automotive |  |  | 3,461 |  |  |  | 2.3 | % |  |  | 4,378 |  |  |  | 4.3 | % |  |  | 11,387 |  |  |  | 3.2 | % |  |  | 12,821 |  |  |  | 4.3 | %
Net Sales |  | $ | 145,165 |  |  |  | 100.0 | % |  | $ | 100,784 |  |  |  | 100.0 | % |  | $ | 360,351 |  |  |  | 100.0 | % |  | $ | 298,575 |  |  |  | 100.0 | %

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