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Note 13 - Segment Data
 9 Months Ended
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 %