v3.22.2.2
Segment Information
 12 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Information

Note 17. 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 Filters which consists of amplifier and filter product sales, and grant revenue. The Company records all general and administrative costs in the RF Filters segment.

 

The Company evaluates performance of its operating segments based on revenue and operating profit (loss). Segment information for the years ended June 30, 2022 and 2021 are as follows (in thousands): 

 

   Foundry
Fabrication
Services		   RF Filters   Total 
Year ended June 30, 2022            
Revenue  $1,870   $13,480   $15,350 
Cost of revenue   2,452    17,035    19,487 
Gross margin   (582)   (3,555)   (4,137)
Research and development   
—
    35,708    35,708 
General and administrative   
—
    20,710    20,710 
Income/(Loss) from Operations  $(582)  $(59,973)  $(60,555)
                
Year ended June 30, 2021               
Revenue  $2,848   $3,770   $6,618 
Cost of Revenue   1,507    9,144    10,651 
Gross Margin   1,341    (5,374)   (4,033)
Research and development   
—
    24,076    24,076 
General and administrative   
—
    13,285    13,285 
Loss from Operations  $1,341   $(42,735)  $(41,394)
                
As of June 30, 2022               
Accounts receivable  $572   $3,221   $3,793 
Property and equipment, net   
—
    51,157    51,157 
                
As of June 30, 2021               
Accounts receivable  $242   $928   $1,170 
Property and equipment, net   
—
    30,730    30,730