Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.21.2
Segment Information
 12 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment Information

Note 15. 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, 2021 and 2020 are as follows (in thousands): 

    Foundry
Fabrication
Services		     RF Filters     Total  
Year ended June 30, 2021                        
Revenue   $ 2,848     $ 3,770     $ 6,618  
Cost of revenue     1,507       9,144       10,651  
Gross margin     1,341       (5,374 )     (4,033 )
Research and development    
-
       24,076       24,076  
General and administrative    
-
       13,285       13,285  
Income/(Loss) from Operations   $ 1,341     $ (42,735 )   $ (41,394 )
                         
Year ended June 30, 2020                        
Revenue   $ 991     $ 799     $ 1,790  
Cost of Revenue     703       1,711       2,414  
Gross Margin     288       (912 )     (624 )
Research and development    
-
       20,523       20,523  
General and administrative     14       10,877       10,891  
Loss from Operations   $ 274     $ (32,312 )   $ (32,038 )
                         
As of June 30, 2021                        
Accounts receivable   $ 242     $ 928     $ 1,170  
Property and equipment, net    
-
       30,730       30,730  
                         
As of June 30, 2020                        
Accounts receivable   $ 71     $ 280     $ 351  
Property and equipment, net    
-
       23,605       23,605