Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.24.3
Segment Information
 12 Months Ended
Jun. 30, 2024
Segment Information [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, Fabrication Services, which consists of engineering review services and backend packaging services, and RF Filters which consists of amplifier and filter product sales

 

The Company evaluates performance of its operating segments based on revenue and operating profit (loss). Segment information for the years ended June 30, 2024 and 2023 are as follows (in thousands): 

 

    Fabrication
Services		     RF Filters     Total  
Year ended June 30, 2024                  
Revenue   $ 11,221     $ 16,163     $ 27,384  
Cost of revenue     7,323       20,750       28,073  
Gross margin     3,898       (4,587 )     (689 )
Research and development    
—
       29,989       29,989  
General and administrative     4,469       31,415       35,884  
Goodwill impairment    
—
       8,051       8,051  
Fixed asset impairment    
—
       35,378       35,378  
Income/(Loss) from Operations   $ (571 )   $ (109,420 )   $ (109,991 )
                         
Year ended June 30, 2023                        
Revenue   $ 8,984     $ 18,137     $ 27,121  
Cost of Revenue     5,512       24,725       30,237  
Gross Margin     3,472       (6,588 )     (3,116 )
Research and development    
—
       33,243       33,243  
General and administrative     3,341       26,368       29,710  
Income/(Loss) from Operations   $ 131     $ (66,199 )   $ (66,069 )
                         
As of June 30, 2024                        
Accounts receivable, net   $ 1,246     $ 2,665     $ 3,911  
Property and equipment, net     2,018       10,887       12,905  
                         
As of June 30, 2023                        
Accounts receivable   $ 1,124     $ 3,629     $ 4,753  
Property and equipment, net     2,394       55,432       57,826