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Segment and Customer Concentration Information | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Segment and Customer Concentration Information | Segment and Customer Concentration Information Reportable segments are (i) Autonomy Solutions and (ii) ATS. These segments reflect the way the chief operating decision maker (“CODM”) evaluates the Company’s business performance and manages its operations. Each segment has distinct product offerings, customers and market penetration. The Chief Executive Officer is the CODM of the Company. 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 autonomous vehicles and associated 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 sector 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. Segment operating results and reconciliations to the Company’s consolidated balances are as follows (in thousands):
| Three Months Ended June 30, 2023
| Autonomy Solutions |  | ATS |  | Total reportable segments |  | Eliminations (1) |  | Total Consolidated
Revenues from external customers | $ | 9,738 |  |  | $ | 6,459 |  |  | $ | 16,197 |  |  | $ | — |  |  | $ | 16,197 |
Depreciation and amortization | 3,866 |  |  | 683 |  |  | 4,549 |  |  | — |  |  | 4,549 |
Operating income (loss) | (120,162) |  |  | (22,234) |  |  | (142,396) |  |  | (1,496) |  |  | (143,892) |
Other significant items: |  |  |  |  |  |  |  |  |
Segment assets | 708,853 |  |  | 73,664 |  |  | 782,517 |  |  | (182,743) |  |  | 599,774 |
Inventories, net | 19,679 |  |  | 676 |  |  | 20,355 |  |  | (38) |  |  | 20,317 |
| Three Months Ended June 30, 2022
| Autonomy Solutions |  | ATS |  | Total reportable segments |  | Eliminations (1) |  | Total Consolidated
Revenues from external customers | $ | 4,179 |  |  | $ | 5,753 |  |  | $ | 9,932 |  |  | $ | — |  |  | $ | 9,932 |
Depreciation and amortization | 976 |  |  | 763 |  |  | 1,739 |  |  | — |  |  | 1,739 |
Operating income (loss) | (105,592) |  |  | 728 |  |  | (104,864) |  |  | 424 |  |  | (104,440) |
Other significant items: |  |  |  |  |  |  |  |  |
Segment assets | 786,708 |  |  | 51,046 |  |  | 837,754 |  |  | (62,157) |  |  | 775,597 |
Inventory | 9,022 |  |  | 327 |  |  | 9,349 |  |  | — |  |  | 9,349 |
| Six Months Ended June 30, 2023
| Autonomy Solutions |  | ATS |  | Total reportable segments |  | Eliminations (1) |  | Total Consolidated
Revenues from external customers | $ | 20,411 |  |  | $ | 10,295 |  |  | $ | 30,706 |  |  | $ | — |  |  | $ | 30,706 |
Depreciation and amortization | 6,192 |  |  | 1,344 |  |  | 7,536 |  |  | — |  |  | 7,536 |
Operating income (loss) | (261,851) |  |  | (22,830) |  |  | (284,681) |  |  | (1,106) |  |  | (285,787) |
Other significant items: |  |  |  |  |  |  |  |  |
Segment assets | 708,853 |  |  | 73,664 |  |  | 782,517 |  |  | (182,743) |  |  | 599,774 |
Inventory | 19,679 |  |  | 676 |  |  | 20,355 |  |  | (38) |  |  | 20,317 |
| Six Months Ended June 30, 2022
| Autonomy Solutions |  | ATS |  | Total reportable segments |  | Eliminations (1) |  | Total Consolidated
Revenues from external customers | $ | 10,077 |  |  | $ | 6,710 |  |  | $ | 16,787 |  |  | $ | — |  |  | $ | 16,787 |
Depreciation and amortization | 1,520 |  |  | 1,024 |  |  | 2,544 |  |  | — |  |  | 2,544 |
Operating income (loss) | (187,769) |  |  | 998 |  |  | (186,771) |  |  | — |  |  | (186,771) |
Other significant items: |  |  |  |  |  |  |  |  |
Segment assets | 786,708 |  |  | 51,046 |  |  | 837,754 |  |  | (62,157) |  |  | 775,597 |
Inventory | 9,022 |  |  | 327 |  |  | 9,349 |  |  | — |  |  | 9,349 |
(1) Represents the eliminations of all intercompany balances and transactions during the period presented. One customer accounted for 31% of the Company’s revenue for the three months ended June 30, 2023. Two customers accounted for 29% and 16% of the Company’s revenue for the six months ended June 30, 2023. One customer accounted for 24% of the Company’s revenue for the three months ended June 30, 2022. Two customers accounted for 35% and 15% of the Company’s revenue for the six months ended June 30, 2022.

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