Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.24.3
Segment Information
 3 Months Ended
Sep. 30, 2024
Segment Information [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, Fabrication Services, which consists of engineering review services and backend packaging services, and RF Filters, which consists of amplifier and filter product sales.

 

The Company evaluates performance of its operating segments based on revenue and operating profit (loss). Segment information for the three months ended September 30, 2024 and 2023 are as follows (in thousands):

 

    Fabrication
Services		     RF Filters     Total  
Three months ended September 30, 2024                  
Revenue   $ 2,260     $ 6,767     $ 9,027  
Cost of revenue     1,443       3,282       4,725  
Gross margin     817       3,485       4,302  
Research and development    
—
       2,694       2,694  
General and administrative     1,025       5,919       6,944  
Income (Loss) from Operations   $ (208 )     (5,128 )     (5,336 )
                         
Three months ended September 30, 2023                        
Revenue   $ 2,665     $ 4,337     $ 7,002  
Cost of revenue     1,547       6,539       8,086  
Gross margin     1,118       (2,202 )     (1,084 )
Research and development    
—
       10,346       10,346  
General and administrative     1,298       8,926       10,224  
Income (Loss) from Operations   $ (180 )     (21,474 )     (21,654 )
                         
As of September 30, 2024                        
Accounts receivable, net   $ 1,159     $ 2,673     $ 3,832  
Property and equipment, net     1,925       10,447       12,372  
                         
As of June 30, 2024                        
Accounts receivable, net   $ 1,246     $ 2,665     $ 3,911  
Property and equipment, net     2,018       10,887       12,905