XML 186 R15.htm IDEA: XBRL DOCUMENT v3.22.2.2
Geographic Information and Concentrations of Risk
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Geographic Information and Concentrations of Risk Geographic Information and Concentrations of Risk
Geographic Information
The following table details the Company’s net revenues by geographic region based on shipping destination (in thousands):
Three Months Ended September 30,Nine Months Ended
September 30,
2022202120222021
United States and Canada$53,924 $56,614 $159,393 $150,822 
Europe6,954 5,828 20,176 17,425 
South Africa (a)
— 2,435 — 17,333 
Australia (b)
7,543 982 9,966 2,883 
Other746 358 2,873 1,044 
Total$69,167 $66,217 $192,408 $189,507 
(a) In July 2021, the Company sold its Ctrack South Africa business.
(b) Separated Australia and Europe from Other for all prior year periods presented.
Concentrations of Credit Risk
For the three months ended September 30, 2022, two customers accounted for 33.9% and 29.3% of net revenues, respectively. For the three months ended September 30, 2021, two customers accounted for 40.4% and 32.5%, respectively, of net revenues.
For the nine months ended September 30, 2022, two customers accounted for 50.8% and 44.4% of net revenues, respectively. For the nine months ended September 30, 2021, two customers accounted for 44.3% and 23.5%, respectively, of net revenues.
As of September 30, 2022, three customers accounted for 33.5%, 15.3% and 13.3% of accounts receivable, net, respectively. As of December 31, 2021, two customers accounted for 61.7% and 12.6% of accounts receivable, net, respectively.