Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.21.2
Segment Information
 3 Months Ended
Sep. 30, 2021
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 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 months ended September 30, 2021 and 2020 are as follows (in thousands):

 

    Foundry
Fabrication
Services		     RF
Product		     Total  
Three months ended September 30, 2021                  
Revenue with customers   $ 413     $ 1,455     $ 1,868  
Cost of revenue     570       2,332       2,902  
Gross margin     (157 )     (877 )     (1,034 )
Research and development    
—
       7,974       7,974  
General and administrative    
—
       3,876       3,876  
Income (Loss) from Operations   $ (157 )     (12,727 )     (12,884 )
                         
Three months ended September 30, 2020                        
Revenue with customers   $ 57     $ 579     $ 636  
Cost of revenue     53       1,596       1,650  
Gross margin     4       (1,018 )     (1,013 )
Research and development    
—
       6,380       6,380  
General and administrative    
—
       2,927       2,927  
Income (Loss) from Operations   $ 4       (10,324 )     (10,320 )
                         
As of September 30, 2021                        
Accounts receivable   $ 242     $ 1,110     $ 1,352  
Property and equipment, net    
—
     $ 36,911     $ 36,911  
                         
As of June 30, 2021                        
Accounts receivable   $ 242     $ 928     $ 1,170  
Property and equipment, net   $
—
     $ 30,730     $ 30,730