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Note 10 - Information Concerning Product Lines, Geographic Information, and Revenue Concentration
 3 Months Ended
Apr. 02, 2023
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

Note 10 — 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 2, 2023

  

April 3, 2022

 

New products

 $3,055  $3,450 

Mature products

  1,078   646 

Total revenue

 $4,133  $4,096 

 

New products revenue consists of revenues from the sale of hardware products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP license and eFPGA-related professional services, 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

 
  

April 2, 2023

  

April 3, 2022

 

Hardware products

 $162  $1,835 

eFPGA IP and professional services

  2,810   1,581 

SaaS & Other

  83   34 

New products revenue

 $3,055  $3,450 

 

 

eFPGA IP revenue for the three months ended April 3, 2023 was $2.8 million which was comprised of approximately $2.6 professional services revenue and $0.2 million in eFPGA intellectual property license revenue. eFPGA IP revenue for the three months ended April 3, 2022 of $1.6 million was primarily professional service revenue.

 

Contract assets related to professional services revenue were $2.3 million and $0.1 million for the three months ended April 2, 2023 and April 3, 2022, respectively. Contract liabilities related to professional services revenue were $0.3 million and $0 for the three months ended April 2, 2023 and April 3, 2022, respectively.

 

The tables below present disaggregated revenues by geographical location. Revenue attributed to geographic location is based on the destination of the product or service. Substantially all revenues in North America were in the United States. Revenue in the United States was $3.3 million, or 80% of total revenue, for the three months ended April 2, 2023, and $2.4 million, or 59% of total revenue for the three months ended April 3, 2022.

 

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

  

Three Months Ended

 
  

April 2, 2023

  

April 3, 2022

 

Asia Pacific

 $713  $1,491 

North America

  3,318   2,433 

Europe

  102   172 

Total revenue

 $4,133  $4,096 

 

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

 

  

Three Months Ended

 
  

April 2,

  

April 3,

 
  

2023

  

2022

 

Distributor "A"

  16%  11%

Distributor "C"

  *   10%

Distributor "E"

  *   30%

Customer "A"

  54%  * 

Customer "N"

  *   17%

Customer "O"

  *   27%

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 2,

  

January 1,

 
  

2023

  

2023

 

Distributor "A"

  18%  14%

Customer "C"

  11%  22%

Customer "F"

  56%  44%