Quarterly report pursuant to Section 13 or 15(d)

Geographic Information

v3.21.2
Geographic Information
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Geographic Information

14. GEOGRAPHIC INFORMATION

Revenue by geographic area is determined on the basis of the location of the customer, unless the delivery location is triggered by concentration criteria. The Company generates its revenue primarily in Italy, India and the United States. The following table sets forth revenue by geographic area for the three and nine months ended September 30, 2021 and 2020 (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Italy

 

$

20,547

 

 

$

15,943

 

 

$

55,798

 

 

$

44,098

 

India

 

 

21,969

 

 

 

8,893

 

 

 

47,282

 

 

 

24,010

 

United States

 

 

25,305

 

 

 

7,969

 

 

 

41,397

 

 

 

18,611

 

Europe (excluding Italy)

 

 

1,712

 

 

 

1,876

 

 

 

4,969

 

 

 

7,023

 

South America

 

 

9,214

 

 

 

 

 

 

11,666

 

 

 

 

Rest of the world

 

 

5,278

 

 

 

3,587

 

 

 

16,619

 

 

 

9,358

 

Total

 

$

84,025

 

 

$

38,268

 

 

$

177,731

 

 

$

103,100

 

 

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Italy

 

 

24.5

%

 

 

41.7

%

 

 

31.4

%

 

 

42.7

%

India

 

 

26.1

%

 

 

23.2

%

 

 

26.6

%

 

 

23.3

%

United States

 

 

30.1

%

 

 

20.8

%

 

 

23.3

%

 

 

18.1

%

Europe (excluding Italy)

 

 

2.0

%

 

 

4.9

%

 

 

2.8

%

 

 

6.8

%

South America

 

 

11.0

%

 

 

0.0

%

 

 

6.6

%

 

 

0.0

%

Rest of the world

 

 

6.3

%

 

 

9.4

%

 

 

9.3

%

 

 

9.1

%

 

As of September 30, 2021, the majority of the Company’s long-lived assets are located in the United States, Italy, and India. The following table sets forth long-lived assets by geographic area as of September 30, 2021 and December 31, 2020 (in thousands):

 

 

 

As of September 30,

 

 

As of December 31,

 

 

 

2021

 

 

2020

 

Italy

 

$

4,443

 

 

$

2,827

 

India

 

 

2,998

 

 

 

1,667

 

United States

 

 

9,082

 

 

 

2,225

 

Rest of the world

 

 

680

 

 

 

7

 

Total

 

$

17,203

 

 

$

6,726

 

 

 

 

As of September 30,

 

 

As of December 31,

 

 

 

2021

 

 

2020

 

Italy

 

 

25.8

%

 

 

42.0

%

India

 

 

17.4

%

 

 

24.8

%

United States

 

 

52.8

%

 

 

33.1

%

Rest of the world

 

 

4.0

%

 

 

0.1

%