Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.20.2
Segment Information
 12 Months Ended
Jun. 30, 2020
Segment Reporting [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, Foundry Fabrication Services, which consists of engineering review services and STC-MEMS foundry services, and RF Filters which consists of amplifier and filter product sales, and grant revenue. The Company records all general and administrative costs in the RF Filters segment.


The Company evaluates performance of its operating segments based on revenue and operating profit (loss). Segment information for the years ended June 30, 2020 and 2019 are as follows (in thousands): 


    Foundry
Fabrication
Services		     RF Filters     Total  
                   
Year ended June 30, 2020                  
Revenue   $ 991     $ 799     $ 1,790  
Cost of revenue     703       1,711       2,414  
Gross margin     288       (912 )     (624 )
Research and development     -       20,523       20,523  
General and administrative     14       10,877       10,891  
Income/(Loss) from Operations   $ 274     $ (32,312 )   $ (32,038 )
                         
Year ended June 30, 2019                        
Revenue   $ 1,058     $ 276     $ 1,334  
Grant Revenue     -       109       109  
Cost of revenue     811       202       1,013  
Gross margin     247       183       430  
Research and development     -       19,075       19,075  
General and administrative     50       8,872       8,922  
Loss from Operations   $ 197     $ (27,764 )   $ (27,567 )
                         
As of June 30, 2020                        
Accounts receivable   $ 71     $ 280     $ 351  
Property and equipment, net     -       23,605       23,605  
                         
As of June 30, 2019                        
Accounts receivable   $ 150     $ 135     $ 285  
Property and equipment, net     54       15,124       15,178