v3.26.1
Segment and Customer Concentration Information
 12 Months Ended
Dec. 31, 2025
Segment and Customer Concentration Information [Abstract]  
Segment and Customer Concentration Information

Note 19. Segment and Customer Concentration Information
 

Reportable segments are (i) Autonomy Solutions and (ii) ATS, which also represent our historical operating segments. See Note 2, “Basis of Presentation and Summary of Significant Accounting Policies - Segment Information”, for additional information on the Company’s operating segments. These segments reflect the way the chief operating decision maker (“CODM”) evaluated the Company’s business performance and managed its operations prior to the Chapter 11 Cases. Each segment has distinct product offerings, customers and market penetration. The Chief Executive Officer was the CODM of the Company.
 

Prior to the Chapter 11 Cases, the Company’s CODM evaluated segment performance using segment operating loss and segment assets to allocate operating and capital resources to each segment. The CODM also considered other financial information, including revenue data broken down by products and services within the Autonomy Solutions and ATS segments. The segment information presented reflects historical periods prior to the sale of substantially all of the Company's assets and the cessation of its business operations.
 

Autonomy Solutions
 

This segment manufactures and distributes commercial LiDAR sensors that measure distance using laser light for automotive mobility applications. This segment is impacted by trends in the automobile and autonomous vehicles sector and the infrastructure/technology sector.
 

ATS
 

This segment is in the business of development of semiconductor technology based lasers and sensors. This segment also designs, tests and provides consulting services for development of integrated circuits. This segment is impacted by trends in and the strength of the automobile and aeronautics sectors as well as government spending in military and defense activities.


The accounting policies of the operating segments are the same as those described in Note 2, “Basis of Presentation and Summary of Significant Accounting Policies - Segment Information”. Segment operating results and reconciliations to the Company’s consolidated balances are as follows (in thousands):

Year ended December 31, 2025
  

 
Autonomy
Solutions
    
ATS
    
Total
  
Revenue:
                  
Products
  
$
30,374
    
$
15,661
    
$
46,035
  
Services
    
10,510
      
9,469
      
19,979
  
Intersegment revenue
    
—
      
10,236
      
10,236
  
     
40,884
      
35,366
      
76,250
  
Reconciliation of revenue
                        
Elimination of intersegment revenue
                    
(10,236
)
Total revenue
                    
66,014
  
Less:
                        
Depreciation and amortization
    
14,063
      
2,906
          
Impairment of goodwill and intangible assets
    
—
      
3,719
          
Impairment of long-lived assets
    
6,390
      
1,123
          
Other segment items (a)
    
302,018
      
42,832
          
Operating loss
  
$
(281,587
)
  
$
(15,214
)
  
$
(296,801
)
Reconciliation of profit or loss
                        
Other income (expense), net
                    
(22,814
)
Loss before reorganization items and provision for income taxes
                  
$
(319,615
)
                         
Other significant items:
                        
Total assets
  
$
102,012
    
$
29,331
    
$
131,343
  
Inventory
  
$
3,497
    
$
3,159
    
$
6,656
  


(a) For each reportable segment, the other segment items category includes:
 

 •
Autonomy Solutions - Professional and contracting service expenses, travel expenses, insurance and maintenance expenses, utility expenses, restructuring costs and certain overhead expenses.


•
ATS - Professional and contracting service expenses, courier & postage expenses, insurance expenses, facility maintenance & utility expenses, restructuring costs and certain overhead expenses.
 
Year ended December 31, 2024
  
   
Autonomy
Solutions
    
ATS
    
Total
  
Revenue:
                  
Products
  
$
52,181
    
$
10,427
    
$
62,608
  
Services
    
1,299
      
11,488
      
12,787
  
Intersegment revenue
    
—
      
19,165
      
19,165
  
     
53,480
      
41,080
      
94,560
  
Reconciliation of revenue
                        
Elimination of intersegment revenue
                    
(19,165
)
Total revenue
                    
75,395
  
Less:
                        
Depreciation and amortization
    
22,269
      
2,986
          
Impairment of goodwill and intangible assets
    
—
      
6,647
          
Other segment items (a)
    
444,209
      
53,486
          
Operating loss
  
$
(412,998
)
  
$
(22,039
)
  
$
(435,037
)
Reconciliation of profit or loss
                        
Other income (expense), net
                    
161,154
  
Loss before provision for income taxes
                  
$
(273,883
)
                         
Other significant items:
                        
Total assets
  
$
323,788
    
$
41,425
    
$
365,213
  
Inventory
  
$
11,436
    
$
3,472
    
$
14,908
  


(a) For each reportable segment, the other segment items category includes:
 

 •
Autonomy Solutions - Professional and contracting service expenses, travel expenses, insurance and maintenance expenses, utility expenses, restructuring costs and certain overhead expenses.
 

 •
ATS - Professional and contracting service expenses, courier & postage expenses, insurance expenses, facility maintenance & utility expenses, restructuring costs and certain overhead expenses.

Year ended December 31, 2023
  
   
Autonomy
Solutions
    
ATS
    
Total
  
Revenue:
                  
Products
  
$
39,489
    
$
5,555
    
$
45,044
  
Services
    
9,346
      
15,389
      
24,735
  
Intersegment revenue
    
—
      
17,528
      
17,528
  
     
48,835
      
38,472
      
87,307
  
Reconciliation of revenue
                        
Elimination of intersegment revenue
                    
(17,528
)
Total revenue
                    
69,779
  
Less:
                        
Depreciation and amortization
    
23,935
      
2,689
          
Impairment of goodwill and intangible assets
    
—
      
15,489
          
Other segment items (a)
    
538,568
      
69,934
          
Operating loss
  
$
(513,668
)
  
$
(49,640
)
  
$
(563,308
)
Reconciliation of profit or loss
                        
Other income (expense), net
                    
(6,265
)
Loss before provision for income taxes
                  
$
(569,573
)
                         
Other significant items:
                        
Total assets
  
$
474,427
    
$
37,940
    
$
512,367
  
Inventory
  
$
11,125
    
$
1,071
    
$
12,196
  
 

(a) For each reportable segment, the other segment items category includes:
 

 •
Autonomy Solutions - Professional and contracting service expenses, travel expenses, insurance and maintenance expenses, utility expenses, restructuring costs and certain overhead expenses.
 

 •
ATS - Professional and contracting service expenses, courier & postage expenses, insurance expenses, facility maintenance & utility expenses, restructuring costs and certain overhead expenses.
 

Two customers, customer A and customer C of the Autonomy Solutions segment, accounted for 16% and 29%, respectively, of our revenue for the year ended December 31, 2025. One customer, customer A of the Autonomy Solutions segment, accounted for 39% of our revenue for the year ended December 31, 2024. Two customers, customer A and customer B of the Autonomy Solutions segment, accounted for 35% and 11%, respectively, of our revenue for the year ended December 31, 2023. A vast majority of the Company’s long-lived assets are located in the United States and Mexico.