Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.23.2
Segment Information
 12 Months Ended
Jun. 30, 2023
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, 2023 and 2022 are as follows (in thousands): 

 

    Fabrication
Services		     RF Filters     Total  
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 )
                         
Year ended June 30, 2022                        
Revenue   $ 1,870     $ 13,480     $ 15,350  
Cost of Revenue     2,452       17,035       19,487  
Gross Margin     (582 )     (3,555 )     (4,137 )
Research and development    
—
       35,708       35,708  
General and administrative    
—
       20,710       20,710  
Loss from Operations   $ (582 )   $ (59,973 )   $ (60,555 )
                         
As of June 30, 2023                        
Accounts receivable   $ 1,124     $ 3,629     $ 4,753  
Property and equipment, net     2,394       55,432       57,826  
                         
As of June 30, 2022                        
Accounts receivable   $ 572     $ 3,221     $ 3,793  
Property and equipment, net    
—
       51,157       51,157