| 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 Product, which consists of amplifier and filter
product sales, and grant revenue. The Company records all general and administrative costs in the RF Product segment.
The
Company evaluates performance of its operating segments based on revenue and operating profit (loss). Segment information for
the three and six months ended December 31, 2019 and 2018 are as follows (in thousands):
| |
|
Foundry/
Fabrication
Services |
|
|
RF
Product |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
| Three months ended December 31, 2019 |
|
|
|
|
|
|
|
|
|
| Revenue with customers |
|
$ |
323 |
|
|
$ |
195 |
|
|
$ |
518 |
|
| Total Revenue |
|
|
323 |
|
|
|
195 |
|
|
|
518 |
|
| Cost of revenue |
|
|
270 |
|
|
|
517 |
|
|
|
787 |
|
| Gross margin |
|
|
53 |
|
|
|
(322 |
) |
|
|
(269 |
) |
| Research and development |
|
|
— |
|
|
|
4,897 |
|
|
|
4,897 |
|
| General and
administrative |
|
|
— |
|
|
|
2,759 |
|
|
|
2,759 |
|
| Income
(Loss) from Operations |
|
$ |
53 |
|
|
|
(7,978 |
) |
|
|
(7,925 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Three months ended December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue with customers |
|
$ |
260 |
|
|
$ |
64 |
|
|
$ |
323 |
|
| Total Revenue |
|
|
260 |
|
|
|
64 |
|
|
|
323 |
|
| Cost of revenue |
|
|
357 |
|
|
|
14 |
|
|
|
370 |
|
| Gross margin |
|
|
(97 |
) |
|
|
50 |
|
|
|
(47 |
) |
| Research and development |
|
|
— |
|
|
|
4,474 |
|
|
|
4,474 |
|
| General and
administrative |
|
|
— |
|
|
|
1,834 |
|
|
|
1,834 |
|
| Income (Loss) from Operations |
|
$ |
(97 |
) |
|
$ |
(6,258 |
) |
|
|
(6,355 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Six months ended December 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue with customers |
|
$ |
684 |
|
|
$ |
377 |
|
|
$ |
1,061 |
|
| Total Revenue |
|
|
684 |
|
|
|
377 |
|
|
|
1,061 |
|
| Cost of revenue |
|
|
407 |
|
|
|
716 |
|
|
|
1,123 |
|
| Gross margin |
|
|
277 |
|
|
|
(339 |
) |
|
|
(62 |
) |
| Research and development |
|
|
— |
|
|
|
9,967 |
|
|
|
9,967 |
|
| General and
administrative |
|
|
— |
|
|
|
5,569 |
|
|
|
5,569 |
|
| Income
(Loss) from Operations |
|
$ |
277 |
|
|
|
(15,875 |
) |
|
|
(15,598 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Six months ended December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue with customers |
|
$ |
408 |
|
|
$ |
119 |
|
|
$ |
527 |
|
| Grant revenue |
|
|
— |
|
|
|
109 |
|
|
|
109 |
|
| Total Revenue |
|
|
408 |
|
|
|
228 |
|
|
|
636 |
|
| Cost of revenue |
|
|
489 |
|
|
|
24 |
|
|
|
514 |
|
| Gross margin |
|
|
(81 |
) |
|
|
204 |
|
|
|
122 |
|
| Research and development |
|
|
— |
|
|
|
8,836 |
|
|
|
8,836 |
|
| General and
administrative |
|
|
— |
|
|
|
4,338 |
|
|
|
4,338 |
|
| Income (Loss) from Operations |
|
$ |
(81 |
) |
|
$ |
(12,970 |
) |
|
|
(13,052 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of December 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable |
|
$ |
337 |
|
|
$ |
789 |
|
|
$ |
1,126 |
|
| Property and equipment, net |
|
|
— |
|
|
$ |
19,382 |
|
|
$ |
19,382 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of June 30, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable |
|
$ |
150 |
|
|
$ |
135 |
|
|
$ |
285 |
|
| Property and equipment, net |
|
$ |
54 |
|
|
$ |
15,124 |
|
|
$ |
15,178 |
|
|