Quarterly report pursuant to Section 13 or 15(d)

Concentrations, Risks, and Uncertainties

v3.23.3
Concentrations, Risks, and Uncertainties
 9 Months Ended
Sep. 30, 2023
Risks and Uncertainties [Abstract]  
Concentrations, Risks, and Uncertainties
18. Concentrations, Risks, and Uncertainties
For the three months ended September 30, 2023 and 2022, revenue from customers representing 10% or more of the consolidated revenue from continuing operations was $16.0 million and $10.7 million, respectively, and $37.2 million and $23.9 million, respectively, for the nine months ended September 30, 2023 and 2022. Accounts receivable related to these customers as of September 30, 2023 and December 31, 2022 was $0.3 million and $0, respectively.
Revenue from the U.S. federal government and agencies was $14.0 million and $14.9 million for the three months ended September 30, 2023 and 2022, respectively, and $41.8 million and $38.1 million, respectively, for the nine months ended September 30, 2023 and 2022. Accounts receivable related to U.S. federal government and agencies was $2.0 million and $2.5 million as of September 30, 2023 and December 31, 2022, respectively.
The Company generally extends credit on account, without collateral. Outstanding accounts receivable balances are evaluated by management, and accounts are reserved when it is determined collection is not probable. As of September 30, 2023 and 2022, the Company evaluated the realizability of the aged accounts receivable, giving consideration to each customer’s financial history and liquidity position, credit rating and the facts and circumstances of collectability on each outstanding account, and did not have a significant reserve for uncollectible accounts.