| Segment Information |
Note 13. 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, 2021 and 2020 are as follows (in thousands):
| |
|
Foundry/
Fabrication
Services |
|
|
RF
Product |
|
|
Total |
|
| Three months ended December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue with
customers |
|
$ |
384 |
|
|
$ |
3,288 |
|
|
$ |
3,672 |
|
| Cost of revenue |
|
|
377 |
|
|
|
4,172 |
|
|
|
4,549 |
|
| Gross margin |
|
|
7 |
|
|
|
(884 |
) |
|
|
(877 |
) |
| Research and development |
|
|
— |
|
|
|
9,192 |
|
|
|
9,192 |
|
| General
and administrative |
|
|
— |
|
|
|
5,146 |
|
|
|
5,146 |
|
| Income
(Loss) from Operations |
|
$ |
7 |
|
|
|
(15,222 |
) |
|
|
(15,215 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Six months ended December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue with customers |
|
$ |
796 |
|
|
$ |
4,744 |
|
|
$ |
5,540 |
|
| Cost of revenue |
|
|
947 |
|
|
|
6,504 |
|
|
|
7,451 |
|
| Gross margin |
|
|
(151 |
) |
|
|
(1,760 |
) |
|
|
(1,911 |
) |
| Research and development |
|
|
— |
|
|
|
17,166 |
|
|
|
17,166 |
|
| General
and administrative |
|
|
— |
|
|
|
9,022 |
|
|
|
9,022 |
|
| Income
(Loss) from Operations |
|
$ |
(151 |
) |
|
|
(27,948 |
) |
|
|
(28,099 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable |
|
$ |
365 |
|
|
$ |
2,137 |
|
|
$ |
2,502 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of June 30, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable |
|
$ |
242 |
|
|
$ |
928 |
|
|
$ |
1,170 |
|
|