| Schedule of Operating Segments Based on Revenue and Operating Profit (Loss) |
The Company evaluates performance of its operating
segments based on revenue and operating profit (loss). Segment information for the three months ended September 30, 2023 and 2022 are
as follows (in thousands):
| |
|
Fabrication
Services |
|
|
RF Filters |
|
|
Total |
|
| Three months ended September 30, 2023 |
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
2,665 |
|
|
$ |
4,337 |
|
|
$ |
7,002 |
|
| Cost of revenue |
|
|
1,547 |
|
|
|
6,539 |
|
|
|
8,086 |
|
| Gross margin |
|
|
1,118 |
|
|
|
(2,202 |
) |
|
|
(1,084 |
) |
| Research and development |
|
|
— |
|
|
|
10,346 |
|
|
|
10,346 |
|
| General and administrative |
|
|
1,298 |
|
|
|
8,926 |
|
|
|
10,224 |
|
| Income (Loss) from Operations |
|
$ |
(180 |
) |
|
|
(21,474 |
) |
|
|
(21,654 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Three months ended September 30, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
932 |
|
|
$ |
4,634 |
|
|
$ |
5,566 |
|
| Cost of revenue |
|
|
892 |
|
|
|
5,561 |
|
|
|
6,453 |
|
| Gross margin |
|
|
40 |
|
|
|
(927 |
) |
|
|
(887 |
) |
| Research and development |
|
|
— |
|
|
|
10,097 |
|
|
|
10,097 |
|
| General and administrative |
|
|
— |
|
|
|
6,982 |
|
|
|
6,982 |
|
| Income (Loss) from Operations |
|
$ |
40 |
|
|
|
(18,006 |
) |
|
|
(17,966 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of September 30, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable, net |
|
$ |
1,093 |
|
|
$ |
2,849 |
|
|
$ |
3,942 |
|
| Property and equipment, net |
|
|
2,300 |
|
|
|
55,840 |
|
|
|
58,140 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of June 30, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable, net |
|
$ |
1,124 |
|
|
$ |
3,629 |
|
|
$ |
4,753 |
|
| Property and equipment, net |
|
|
2,394 |
|
|
|
55,432 |
|
|
|
57,826 |
|
|