| 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 nine months ended March 31, 2024 and 2023
are as follows (in thousands):
| |
|
Fabrication
Services |
|
|
RF Filters |
|
|
Total |
|
| Three months ended March 31, 2024 |
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
2,749 |
|
|
$ |
4,761 |
|
|
$ |
7,510 |
|
| Cost of revenue |
|
|
2,068 |
|
|
|
5,093 |
|
|
|
7,161 |
|
| Gross margin |
|
|
681 |
|
|
|
(332 |
) |
|
|
349 |
|
| Research and development |
|
|
— |
|
|
|
5,971 |
|
|
|
5,971 |
|
| General and administrative |
|
|
1,212 |
|
|
|
7,723 |
|
|
|
8,935 |
|
| Other operating expenses |
|
|
— |
|
|
|
8,051 |
|
|
|
8,051 |
|
| Income (Loss) from Operations |
|
$ |
(531 |
) |
|
$ |
(22,077 |
) |
|
$ |
(22,608 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Three months ended March 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
3,397 |
|
|
$ |
3,959 |
|
|
$ |
7,356 |
|
| Cost of revenue |
|
|
2,009 |
|
|
|
6,463 |
|
|
|
8,472 |
|
| Gross margin |
|
|
1,388 |
|
|
|
(2,504 |
) |
|
|
(1,116 |
) |
| Research and development |
|
|
— |
|
|
|
7,349 |
|
|
|
7,349 |
|
| General and administrative |
|
|
2,018 |
|
|
|
6,799 |
|
|
|
8,817 |
|
| Income (Loss) from Operations |
|
$ |
(630 |
) |
|
$ |
(16,652 |
) |
|
$ |
(17,282 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Nine months ended March 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
8,709 |
|
|
$ |
12,820 |
|
|
$ |
21,529 |
|
| Cost of revenue |
|
|
5,868 |
|
|
|
15,715 |
|
|
|
21,583 |
|
| Gross margin |
|
|
2,841 |
|
|
|
(2,895 |
) |
|
|
(54 |
) |
| Research and development |
|
|
— |
|
|
|
22,729 |
|
|
|
22,729 |
|
| General and administrative |
|
|
3,413 |
|
|
|
25,040 |
|
|
|
28,453 |
|
| Other operating expenses |
|
|
— |
|
|
|
8,051 |
|
|
|
8,051 |
|
| Income (Loss) from Operations |
|
$ |
(572 |
) |
|
$ |
(58,715 |
) |
|
$ |
(59,287 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Nine months ended March 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
6,248 |
|
|
$ |
12,540 |
|
|
$ |
18,788 |
|
| Cost of revenue |
|
|
4,027 |
|
|
|
16,173 |
|
|
|
20,200 |
|
| Gross margin |
|
|
2,221 |
|
|
|
(3,633 |
) |
|
|
(1,412 |
) |
| Research and development |
|
|
— |
|
|
|
25,079 |
|
|
|
25,079 |
|
| General and administrative |
|
|
2,018 |
|
|
|
19,632 |
|
|
|
21,650 |
|
| Income (Loss) from Operations |
|
$ |
203 |
|
|
$ |
(48,344 |
) |
|
$ |
(48,141 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of March 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable |
|
$ |
1,213 |
|
|
$ |
3,235 |
|
|
$ |
4,448 |
|
| Property and equipment, net |
|
|
2,112 |
|
|
|
51,086 |
|
|
|
53,198 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of June 30, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable |
|
$ |
1,124 |
|
|
$ |
3,629 |
|
|
$ |
4,753 |
|
| Property and equipment, net |
|
|
2,394 |
|
|
|
55,432 |
|
|
|
57,826 |
|
|