| 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 |
|
|