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Note 9 - Information Concerning Product Lines, Geographic Information and Revenue Concentration
 6 Months Ended
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.