Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.22.2.2
Segment Information
 12 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Information

Note 17. 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, 2022 and 2021 are as follows (in thousands): 

 

    Foundry
Fabrication
Services		     RF Filters     Total  
Year ended June 30, 2022                  
Revenue   $ 1,870     $ 13,480     $ 15,350  
Cost of revenue     2,452       17,035       19,487  
Gross margin     (582 )     (3,555 )     (4,137 )
Research and development    
—
       35,708       35,708  
General and administrative    
—
       20,710       20,710  
Income/(Loss) from Operations   $ (582 )   $ (59,973 )   $ (60,555 )
                         
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  
Loss from Operations   $ 1,341     $ (42,735 )   $ (41,394 )
                         
As of June 30, 2022                        
Accounts receivable   $ 572     $ 3,221     $ 3,793  
Property and equipment, net    
—
       51,157       51,157  
                         
As of June 30, 2021                        
Accounts receivable   $ 242     $ 928     $ 1,170  
Property and equipment, net    
—
       30,730       30,730