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Segment information and geographic data
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment information and geographic data

Note 37.      Segment information and geographic data

 

The Group has two segments: Internet of Things (“IoT”, previously referred to as “Semiconductors”), and managed Public Key Infrastructure (“mPKI”, previously referred to as “Others”). The Group’s chief operating decision maker, who is its Chief Executive Officer, reviews financial performance according to these two segments (three in prior period, with the AI segment) for purposes of allocating resources and assessing budgets and performance.

 

The IoT segment encompasses the design, manufacturing, sales and distribution of microprocessors operations.

 

The mPKI segment includes all operations relating to the provision of secured access keys, authentication, signing software, certificates and digital security applications.

 

                       
12 months to December 31, 2022 2021   2020
USD'000 IoT mPKI Total   IoT mPKI Total   IoT mPKI Total
Revenues from external customers 23,198 616 23,814   16,867 779 17,646   14,317 462 14,779
Intersegment revenues - 1,931 1,931   128 2,506 2,634   - 6,786 6,786
Interest revenue 10 5 15   1 54 55   8 59 67
Interest expense 4 572 576   30 976 1,006   12 707 718
Depreciation and amortization 408 104 512   470 94 564   1,501 91 1,592
Segment income /(loss) before income taxes 4,589 (17,542) (12,953)   (1,302) (22,032) (23,334)   (2,038) (26,537) (28,575)
Profit / (loss) from intersegment sales - 92 92   6 119 125   - 323 323
Income tax recovery /(expense) 3,251 (12) 3,238   - (13) (13)   - (9) (9)
Other significant non cash items                      
Share-based compensation expense - 744 744   - 3,783 3,783   - 393 393
Gain on derivative liability - - -   - - -   - 44 44
Interest and amortization of debt discount and expense - 168 168   - 1,057 1,057   - 458 458
Segment assets 29,145 53,713 82,858   11,377 89,410 100,787   11,031 40,327 51,358

 

             
Revenue and Loss reconciliations 12 months ended December 31,
USD'000   2022   2021   2020
Revenue reconciliation            
Total revenue for reportable segment 25,745   20,280   21,565
Elimination of intersegment revenue (1,931)   (2,634)   (6,786)
Total consolidated revenue   23,814   17,646   14,779
             
Loss reconciliation            
Total profit / (loss) from reportable segments (12,953)   (23,334)   (28,575)
Elimination of intersegment profits (92)   (125)   (323)
Loss before income taxes   (13,045)   (23,459)   (28,898)

 

       
Asset reconciliation As at December 31,
USD'000 2022   2021
Total assets from reportable segments 82,858   100,787
Elimination of intersegment receivables (6,112)   (10,253)
Elimination of intersegment investment and goodwill (27,250)   (34,809)
Total assets held for sale from discontinued operations -   33,080
Consolidated total assets 49,496   88,805

 

 

Revenue and property, plant and equipment by geography

 

The following tables summarize geographic information for net sales based on the billing address of the customer, and for property, plant and equipment.

 

Net sales by region 12 months ended December 31,
USD'000 2022   2021   2020
Switzerland 1,004   1,002   592
Rest of EMEA* 6,260   3,819   4,321
North America 13,677   10,689   8,260
Asia Pacific 2,745   2,062   1,526
Latin America 128   74   80
Total net sales from continuing operations 23,814   17,646   14,779
* EMEA means Europe, Middle East and Africa          

 

Property, plant and equipment, net of depreciation, by region As at December 31,   As at December 31,
USD'000 2022   2021
Switzerland 231   85
Rest of EMEA* 608   481
North America 1   1
Asia Pacific 2   6
Total Property, plant and equipment, net of depreciation 842   573
* EMEA means Europe, Middle East and Africa