Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.19.3
Segment Information
 3 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Segment Information

Note 14. 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 Product which consists of amplifier and filter product sales, and grant revenue. The Company records all general and administrative costs in the RF Product segment.

 

The Company evaluates performance of its operating segments based on revenue and operating profit (loss). Segment information for the three months ended September 30, 2019 and 2018 are as follows (in thousands): 

 

    Foundry/
Fabrication
Services		     RF Product     Total  
                   
Three months ended September 30, 2019                        
Revenue   $ 361     $ 182     $ 543  
Grant revenue     —         —         —    
Total Revenue     361       182       543  
Cost of revenue     138       198       336  
Gross margin     223       (16 )     207  
Research and development     —         5,079       5,079  
General and administrative     —         2,801       2,801  
Income (Loss) from Operations   $ 223       (7,896 )     (7,673 )
                         
Three months ended September 30, 2018                        
Revenue   $ 148     $ 56     $ 204  
Grant revenue     —         109       109  
Total Revenue     148       165       313  
Cost of revenue     133       11       144  
Gross margin     15       154       169  
Research and development     —         4,361       4,361  
General and administrative     —         2,505       2,505  
Income (Loss) from Operations   $ 15     $ (6,712 )     (6,697 )
                         
As of September 30, 2019                        
Accounts receivable   $ 411     $ 172     $ 583  
Property and equipment, net     —       $ 16,045     $ 16,045  
                         
As of June 30, 2019                        
Accounts receivable   $ 150     $ 135     $ 285  
Property and equipment, net   $ 54     $ 15,124     $ 15,178