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Note 9 - Information Concerning Product Lines, Geographic Information and Revenue Concentration | 6 Months Ended
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Jul. 03, 2022
Notes to Financial Statements |
Revenue from Contract with Customer [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 |  |  | Six Months Ended |
|  | July 3, 2022 |  |  | July 4, 2021 |  |  | July 3, 2022 |  |  | July 4, 2021 |
New products |  | $ | 3,131 |  |  | $ | 1,262 |  |  | $ | 6,581 |  |  | $ | 2,337 |
Mature products |  |  | 1,410 |  |  |  | 1,620 |  |  |  | 2,056 |  |  |  | 2,785 |
Total revenue |  | $ | 4,541 |  |  | $ | 2,882 |  |  | $ | 8,637 |  |  | $ | 5,122 |
New products revenue consists of revenues from the sale of hardware products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA intellectual property licenses, professional services, and QuickAI and SensiML AI software as a service (“SaaS”) revenue. Mature products include all products produced on semiconductor processes larger than 180 nanometer. The following is a breakdown of new product revenue (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | July 3, 2022 |  |  | July 4, 2021 |  |  | July 3, 2022 |  |  | July 4, 2021 |
Hardware products |  | $ | 1,464 |  |  | $ | 1,069 |  |  | $ | 3,299 |  |  | $ | 2,074 |
eFPGA IP |  |  | 1,617 |  |  |  | 150 |  |  |  | 3,188 |  |  |  | 150 |
SaaS |  |  | 50 |  |  |  | 43 |  |  |  | 94 |  |  |  | 113 |
New products revenue |  | $ | 3,131 |  |  | $ | 1,262 |  |  | $ | 6,581 |  |  | $ | 2,337 |
eFPGA IP revenue was $1.6 million and $3.2 million for the three and six months ended July 3, 2022. eFPGA IP revenue, consisting of intellectual property license revenue and professional services revenue, was $1.5 million and $3.1 million for the three and six months ended July 3, 2022, respectively, and $23 thousand for the three and six months ended July 4, 2021, and IP revenue was $0.1 million for the three and six months ended July 3, 2022 and $125 thousand for the three and six months ended July 4, 2021. 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 July 3, 2022 and January 2, 2022, respectively. We derive revenue from sales to customers located in North America, Europe and Asia Pacific. North America revenue from the United States was $3.0 million, or 67% of total revenue, and $5.5 million, or 63% of total revenue for the three and six months ended July 3, 2022, respectively. North America revenue from the United States was $0.6 million﻿﻿﻿, or 19% of total revenue, and $1.8 million, or 35% of total revenue for the three and six months ended July 4, 2021, respectively. The following is a breakdown of revenue by shipment destination (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | July 3, 2022 |  |  | July 4, 2021 |  |  | July 3, 2022 |  |  | July 4, 2021 |
Asia Pacific |  | $ | 840 |  |  | $ | 1,075 |  |  | $ | 2,331 |  |  | $ | 1,828 |
North America |  |  | 3,082 |  |  |  | 565 |  |  |  | 5,515 |  |  |  | 1,824 |
Europe |  |  | 619 |  |  |  | 1,242 |  |  |  | 791 |  |  |  | 1,470 |
Total revenue |  | $ | 4,541 |  |  | $ | 2,882 |  |  | $ | 8,637 |  |  | $ | 5,122 |
The following distributors and customers accounted for 10% or more of the Company's revenue for the periods presented:
|  | Three Months Ended |  |  | Six Months Ended |
|  | July 3, |  |  | July 4, |  |  | July 3, |  |  | July 4, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Distributor "A" |  |  | 15 | % |  |  | 14 | % |  |  | 13 | % |  |  | 13 | %
Distributor "C" |  |  | * |  |  |  | * |  |  |  | * |  |  |  | 16 | %
Distributor "E" |  |  | 11 | % |  |  | 29 | % |  |  | 20 | % |  |  | 29 | %
Customer "E" |  |  | 11 | % |  |  | * |  |  |  | * |  |  |  | 20 | %
Customer "F" |  |  | 11 | % |  |  | 29 | % |  |  | * |  |  |  | 29 | %
Customer "N" |  |  | 29 | % |  |  | * |  |  |  | 23 | % |  |  | * |
Customer "O" |  |  | 16 | % |  |  | * |  |  |  | 21 | % |  |  | * |
Customer "P" |  |  | * |  |  |  | * |  |  |  | 11 | % |  |  | * |
* 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:
| July 3, |  | January 2, |
| 2022 |  | 2022 |
Distributor "A" |  | 13 | % |  | 42 | %
Distributor "C" |  | * |  |  | 17 | %
Distributor "E" |  | * |  |  | 22 | %
Distributor "J" |  | 36 | % |  | * |
Customer "O" |  | 29 | % |  | 10 | %
* Represents less than 10% of accounts receivable as of the dates presented.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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