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Note 9 - Information Concerning Product Lines, Geographic Information and Revenue Concentration
 3 Months Ended
Apr. 03, 2022
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

Note 9 — Information Concerning Product Lines, Geographic Information and Revenue Concentration

 

The Company identifies its business segment based on business activities, management responsibility and geographic location. For all periods presented, the Company operated in a single reportable business segment.

 

The following is a breakdown of revenue by product family (in thousands):

 

  

Three Months Ended

 
  

April 3, 2022

  

April 4, 2021

 

New products

 $3,450  $1,075 

Mature products

  646   1,165 

Total revenue

 $4,096  $2,240 

 

New products include all products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP license, professional services, Quick AI and SensiML AI software as a service (“SaaS”) revenue. New product revenues included professional engineering services revenue related to eFPGA IP of $1.6 million and $0, SaaS revenue of  $34 thousand and $0.1 million for the three months ended  April 3, 2022 and April 4, 2021, respectively. Contract assets related to professional services revenue of $0.1 million and $0.3 million were included in accounts receivable on the consolidated balance sheets as of  April 3, 2022 and  January 2, 2022, respectively. Contract liabilities, related to professional services revenue of $0 and $0.3 million and were included in deferred revenue on the consolidated balance sheets as of  April 3, 2022 and  January 2, 2022, respectively.  Mature products include all products produced on semiconductor processes larger than 180 nanometer.

 

The following is a breakdown of revenue by shipment destination (in thousands): 

 

  

Three Months Ended

 
  

April 3, 2022

  

April 4, 2021

 

Asia Pacific (1)

 $1,491  $753 

North America (2)

  2,433   1,259 

Europe

  172   228 

Total revenue

 $4,096  $2,240 

 

(1)

Asia Pacific includes revenue from Japan of $1.4 million, or 33% of total revenue and $0.7 million, or 32% of total revenue for the three months ended  April 3, 2022 and April 4, 2021, respectively.

(2)

North America includes revenue from the United States of $2.4 million or 59% of total revenue, and $1.2 million, or 56% of total revenue for the three months ended April 3, 2022 and April 4, 2021, respectively.

 

 

The following distributors and customers accounted for 10% or more of the Company's revenue for the periods presented:

 

  

Three Months Ended

 
  

April 3,

  

April 4,

 
  

2022

  

2021

 

Distributor "A"

  11%  12%

Distributor "C"

  10%  23%

Distributor "E"

  30%  29%

Customer "F"

  *   29%

Customer "N"

  17%  13%

Customer "O"

  27%  13%

Customer "P"

  23%  * 

* Represents less than 10% of revenue as of the dates presented.

 

The following distributors and customers accounted for 10% or more of the Company's accounts receivable as of the dates presented:

 

  

April 3, 2022

  

January 2, 2022

 

Distributor "A"

  24%  42%

Distributor "C"

  21%  17%

Distributor "E"

  25%  22%

Distributor "J"

  27%  * 

Customer "O"

  *   10%

* Represents less than 10% of accounts receivable as of the dates presented.