Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.20.4
Segment Information
6 Months Ended
Dec. 31, 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 and six months ended December 31, 2020 and 2019 are as follows (in thousands):


    Foundry/
Fabrication
Services
    RF Product     Total  
                   
Three months ended December 31, 2020                  
Revenue with customers   $ 670     $ 638     $ 1,308  
Cost of revenue     350       2,252       2,602  
Gross margin     320       (1,614 )     (1,294 )
Research and development           5,566       5,566  
General and administrative           3,361       3,361  
Income (Loss) from Operations   $ 320       (10,567 )     (10,221 )
                         
Three months ended December 31, 2019                        
Revenue with customers   $ 323     $ 195     $ 518  
Cost of revenue     270       517       787  
Gross margin     53       (322 )     (269 )
Research and development           4,897       4,897  
General and administrative           2,759       2,759  
Income (Loss) from Operations   $ 53       (7,978 )     (7,925 )
                         
Six months ended December 31, 2020                        
Revenue with customers   $ 727     $ 1,217     $ 1,944  
Cost of revenue     403       3,848       4,251  
Gross margin     324       (2,631 )     (2,307 )
Research and development           11,946       11,946  
General and administrative           6,288       6,288  
Income (Loss) from Operations   $ 324       (20,865 )     (20,541 )
                         
Six months ended December 31, 2019                        
Revenue with customers   $ 684     $ 377     $ 1,061  
Cost of revenue     407       716       1,123  
Gross margin     277       (339 )     (62 )
Research and development           9,967       9,967  
General and administrative           5,569       5,569  
Income (Loss) from Operations   $ 277       (15,875 )     (15,598 )
                         
As of December 31, 2020                        
Accounts receivable   $ 488     $ 258     $ 746  
Property and equipment, net         $ 25,080     $ 25,080  
                         
As of June 30, 2020                        
Accounts receivable   $ 71     $ 280     $ 351  
Property and equipment, net   $     $ 23,605     $ 23,605