| Schedule of Segment Information |
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 |
|
|