Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.19.2
Segment Information
 12 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Segment Information

Note 14. Segment Information

 

Operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker, or decision–making group, in deciding how to allocate resources and in assessing performance. The Company's chief operating decision maker is its Chief Executive Officer. The Company operates in two segments, Foundry Fabrication Services which consists of engineering review services and STC-MEMS foundry services; and RF Filters which consists of amplifier and filter product sales, and grant revenue. The Company records all general and administrative costs in the RF Filters segment.

 

The Company evaluates performance of its operating segments based on revenue and operating profit (loss). Segment information for the years ended June 30, 2019 and 2018 are as follows (in thousands): 

  

    Foundry
Fabrication
Services		   RF Filters   Total
             
Year ended June 30, 2019            
Revenue   $ 1,058     $ 276     $ 1,334  
Grant revenue     -         109       109  
Cost of revenue     811       202       1,013  
Gross margin     247       183       430  
Research and development     -         19,246       19,246  
General and administrative     -         8,701       8,701  
Other operating expenses     50       -         50  
Income/(Loss) from Operations   $ 197     $ (27,764 )   $ (27,567 )
                         
Year ended June 30, 2018                        
Revenue   $ 1,007     $ 54     $ 1,061  
Grant Revenue     -         147       147  
Cost of revenue     1,016       4       1,020  
Gross margin     (9 )     197       188  
Research and development     -         13,267       13,267  
General and administrative     -         8,804       8,804  
Other operating expenses     -         395       395  
Loss from Operations   $ (9 )   $ (22,269 )   $ (22,278 )
                         
As of June 30, 2019                        
Accounts receivable   $ 150     $ 135     $ 285  
Property and equipment, net     54       15,124       15,178  
                         
As of June 30, 2018                        
Accounts receivable   $ 192     $ 23     $ 215  
Property and equipment, net     465       12,355       12,820