| 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 nine months ended March 31, 2022 and 2021 are as follows (in
thousands):
| |
|
Foundry/
Fabrication
Services |
|
|
RF Product |
|
|
Total |
|
| Three months ended March 31, 2022 |
|
|
|
|
|
|
|
|
|
| Revenue with customers |
|
$ |
407 |
|
|
$ |
4,200 |
|
|
$ |
4,607 |
|
| Cost of revenue |
|
|
534 |
|
|
|
4,836 |
|
|
|
5,370 |
|
| Gross margin |
|
|
(127 |
) |
|
|
(636 |
) |
|
|
(763 |
) |
| Research and development |
|
|
— |
|
|
|
8,314 |
|
|
|
8,314 |
|
| General and administrative |
|
|
— |
|
|
|
5,721 |
|
|
|
5,721 |
|
| Income (Loss) from Operations |
|
$ |
(127 |
) |
|
|
(14,671 |
) |
|
|
(14,798 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Three months ended March 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue with customers |
|
$ |
1,537 |
|
|
$ |
980 |
|
|
$ |
2,517 |
|
| Cost of revenue |
|
|
400 |
|
|
|
2,573 |
|
|
|
2,973 |
|
| Gross margin |
|
|
1,137 |
|
|
|
(1,593 |
) |
|
|
(456 |
) |
| Research and development |
|
|
— |
|
|
|
5,225 |
|
|
|
5,225 |
|
| General and administrative |
|
|
— |
|
|
|
3,395 |
|
|
|
3,395 |
|
| Income (Loss) from Operations |
|
$ |
1,137 |
|
|
|
(10,213 |
) |
|
|
(9,076 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Nine months ended March 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue with customers |
|
$ |
1,203 |
|
|
$ |
8,943 |
|
|
$ |
10,146 |
|
| Cost of revenue |
|
|
1,481 |
|
|
|
11,340 |
|
|
|
12,821 |
|
| Gross margin |
|
|
(278 |
) |
|
|
(2,397 |
) |
|
|
(2,675 |
) |
| Research and development |
|
|
— |
|
|
|
25,481 |
|
|
|
25,481 |
|
| General and administrative |
|
|
— |
|
|
|
14,742 |
|
|
|
14,742 |
|
| Income (Loss) from Operations |
|
$ |
(278 |
) |
|
|
(42,620 |
) |
|
|
(42,898 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Nine months ended March 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue with customers |
|
$ |
2,264 |
|
|
$ |
2,197 |
|
|
$ |
4,461 |
|
| Cost of revenue |
|
|
803 |
|
|
|
6,421 |
|
|
|
7,224 |
|
| Gross margin |
|
|
1,461 |
|
|
|
(4,224 |
) |
|
|
(2,763 |
) |
| Research and development |
|
|
— |
|
|
|
17,171 |
|
|
|
17,171 |
|
| General and administrative |
|
|
— |
|
|
|
9,683 |
|
|
|
9,683 |
|
| Income (Loss) from Operations |
|
$ |
1,461 |
|
|
|
(31,078 |
) |
|
|
(29,617 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of March 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable |
|
$ |
27 |
|
|
$ |
3,062 |
|
|
$ |
3,089 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of June 30, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable |
|
$ |
242 |
|
|
$ |
928 |
|
|
$ |
1,170 |
|
|