Annual report pursuant to Section 13 and 15(d)

Revenue Recognition from Contracts with Customers (Tables)

v3.24.3
Revenue Recognition from Contracts with Customers (Tables)
12 Months Ended
Jun. 30, 2024
Revenue Recognition from Contracts with Customers [Abstract]  
Schedule of Company’s Reportable Segments by Geographic Region The following table summarizes the revenues of the Company’s reportable segments by geographic region for the year ended June 30, 2024 (in thousands):
    Fabrication
Services
Revenue
    RF Filters
Sales
Revenue
    Total
Revenue
with
Customers
 
Americas   $ 10,148     $ 1,245     $ 11,393  
Asia     838       11,633       12,471  
Europe     235       3,285       3,520  
Other    
     
     
 
Total   $ 11,221     $ 16,163     $ 27,384  
The following table summarizes the revenues of the Company’s reportable segments for the year ended June 30, 2023, (in thousands):
    Fabrication
Services
Revenue
    RF Filters
Sales
Revenue
    Total
Revenue
with
Customers
 
Americas   $ 7,287     $ 3,892     $ 11.179  
Asia     1,503       11,493       12,996  
Europe     161       2,771       2,932  
Other    
      14       14  
Total   $ 8,951     $ 18,170     $ 27,121  
Schedule of Changes in the Opening and Closing Balances The following table summarizes the changes in the opening and closing balances of the Company’s contract asset (included in Other current assets on the Consolidated Balance Sheet) and contract liability (included as Deferred revenue on the Consolidated Balance Sheet) for the years ended June 30, 2024 and 2023 (in thousands):
    Contract
Assets
    Contract
Liabilities
 
Balance, June 30, 2023   $ 1,894     $ 70  
Closing, June 30, 2024     1,384       130  
Increase/(Decrease)     (510 )     60  
                 
Balance, June 30, 2022   $ 923     $ 286  
Closing, June 30, 2023     1,894       70  
Increase/(Decrease)     971       (216 )