Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.24.0.1
Segment Information
6 Months Ended
Dec. 31, 2023
Segment Information [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, Fabrication Services, which consists of engineering review services and backend packaging services, and RF Filters, which consists of filter product sales.

 

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 30, 2023 and 2022 are as follows (in thousands):

 

    Fabrication
Services
    RF Filters     Total  
Three months ended December 31, 2023                  
Revenue   $ 3,298     $ 3,719     $ 7,017  
Cost of revenue     2,253       4,083       6,336  
Gross margin     1,045       (364 )     681  
Research and development    
      6,411       6,411  
General and administrative     903       8,391       9,294  
Income (Loss) from Operations   $ 142     $ (15,167 )   $ (15,024 )
                         
Three months ended December 31, 2022                        
Revenue   $ 1,891     $ 3,974     $ 5,865  
Cost of revenue     1,126       4,148       5,274  
Gross margin     765       (174 )     591  
Research and development    
      7,645       7,645  
General and administrative    
      5,838       5,838  
Income (Loss) from Operations   $ 765     $ (13,657 )   $ (12,892 )
                         
Six months ended December 31, 2023                        
Revenue   $ 5,960     $ 8,059     $ 14,019  
Cost of revenue     3,800       10,622       14,422  
Gross margin     2,160       (2,563 )     (403 )
Research and development    
      16,758       16,758  
General and administrative     2,201       17,317       19,518  
Income (Loss) from Operations   $ (41 )   $ (36,638 )   $ (36,679 )
                         
Six months ended December 31, 2022                        
Revenue   $ 2,823     $ 8,609     $ 11,432  
Cost of revenue     2,018       9,709       11,727  
Gross margin     805       (1,100 )     (295 )
Research and development    
      17,730       17,730  
General and administrative    
      12,833       12,833  
Income (Loss) from Operations   $ 805     $ (31,663 )   $ (30,858 )
                         
As of December 31, 2023                        
Accounts receivable   $ 1,529     $ 3,279     $ 4,808  
Property and equipment, net     2,206       53,992       56,198  
                         
As of June 30, 2023                        
Accounts receivable   $ 1,124     $ 3,629     $ 4,753  
Property and equipment, net     2,394       55,432       57,826