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Note 10 - Information Concerning Product Lines, Geographic Information, and Revenue Concentration | 6 Months Ended
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Jul. 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 |  |  | Six Months Ended |
|  | July 2, 2023 |  |  | July 3, 2022 |  |  | July 2, 2023 |  |  | July 3, 2022 |
New products |  | $ | 2,233 |  |  | $ | 3,131 |  |  | $ | 5,288 |  |  | $ | 6,581 |
Mature products |  |  | 688 |  |  |  | 1,410 |  |  |  | 1,766 |  |  |  | 2,056 |
Total revenue |  | $ | 2,921 |  |  | $ | 4,541 |  |  | $ | 7,054 |  |  | $ | 8,637 |
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 |  |  | Six Months Ended |
|  | July 2, 2023 |  |  | July 3, 2022 |  |  | July 2, 2023 |  |  | July 3, 2022 |
Hardware products |  | $ | 366 |  |  | $ | 1,464 |  |  | $ | 528 |  |  | $ | 3,299 |
eFPGA IP and professional services |  |  | 1,857 |  |  |  | 1,617 |  |  |  | 4,667 |  |  |  | 3,188 |
SaaS & Other |  |  | 10 |  |  |  | 50 |  |  |  | 93 |  |  |  | 94 |
New products revenue |  | $ | 2,233 |  |  | $ | 3,131 |  |  | $ | 5,288 |  |  | $ | 6,581 |
eFPGA IP revenue for the three months ended July 2, 2023 was $1.9 million, which was primarily professional services revenue. eFPGA IP revenue for the three months ended July 3, 2022 was $1.6 million, which was comprised of approximately $1.5 million in professional services revenue and $0.1 million in eFPGA intellectual property license revenue. Contract assets related to professional services revenue were $1.0 million and $0.3 million as of July 2, 2023 and July 3, 2022, respectively. Contract liabilities related to professional services revenue were $294 thousand as of July 2, 2023 and $0 as of July 3, 2022. 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 $2.3 million, or 80% of total revenue, and $5.6 million, or 80% of total revenue for the three and six months ended July 2, 2023, respectively, and $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. The following is a breakdown of revenue by destination (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | July 2, 2023 |  |  | July 3, 2022 |  |  | July 2, 2023 |  |  | July 3, 2022 |
Asia Pacific |  | $ | 456 |  |  | $ | 840 |  |  | $ | 1,169 |  |  | $ | 2,331 |
North America |  |  | 2,370 |  |  |  | 3,082 |  |  |  | 5,688 |  |  |  | 5,515 |
Europe |  |  | 95 |  |  |  | 619 |  |  |  | 197 |  |  |  | 791 |
Total revenue |  | $ | 2,921 |  |  | $ | 4,541 |  |  | $ | 7,054 |  |  | $ | 8,637 |
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 2, |  |  | July 3, |  |  | July 2, |  |  | July 3, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Distributor "A" |  |  | 18 | % |  |  | 15 | % |  |  | 17 | % |  |  | 13 | %
Distributor "E" |  |  | * |  |  |  | 11 | % |  |  | * |  |  |  | 20 | %
Customer "A" |  |  | 47 | % |  |  | * |  |  |  | 51 | % |  |  | * |
Customer "B" |  |  | 12 | % |  |  | * |  |  |  | 10 | % |  |  | * |
Customer "C" |  |  | 11 | % |  |  | 29 | % |  |  | * |  |  |  | 23 | %
Customer "D" |  |  | * |  |  |  | 11 | % |  |  | * |  |  |  | * |
Customer "F" |  |  | * |  |  |  | 16 | % |  |  | * |  |  |  | 21 | %
Customer "H" |  |  | * |  |  |  | 11 | % |  |  | * |  |  |  | * |
Customer "I" |  |  | * |  |  |  | * |  |  |  | * |  |  |  | 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 2, |  |  | January 1, |
|  | 2023 |  |  | 2023 |
Distributor "A" |  |  | 34 | % |  |  | 14 | %
Distributor "C" |  |  | 16 | % |  |  | * |
Customer "C" |  |  | 35 | % |  |  | 22 | %
Customer "F" |  |  | * |  |  |  | 44 | %

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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