| 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 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 |
|
|