Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.20.2
Segment Information
 3 Months Ended
Sep. 30, 2020
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, 2020 and 2019 are as follows (in thousands): 


    Foundry/
Fabrication
Services		     RF Product     Total  
                   
Three months ended September 30, 2020                        
Revenue   $ 57       579       636  
Cost of revenue     53       1,596       1,649  
Gross margin     4       (1,017 )     (1,013 )
Research and development     —       6,380       6,380  
General and administrative     —       2,927       2,927  
Income (Loss) from Operations   $ 4       (10,324 )     (10,320 )
                         
Three months ended September 30, 2019                        
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 )
                         
As of September 30, 2020                        
Accounts receivable   $ 26       320       346  
Property and equipment, net     —       23,458       23,458  
                         
As of June 30, 2020                        
Accounts receivable   $ 71     $ 280     $ 351  
Property and equipment, net   $ —     $ 23,605     $ 23,605