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Note 10 - Information Concerning Product Lines, Geographic Information, and Revenue Concentration | 9 Months Ended
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Oct. 01, 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 |  |  | Nine Months Ended |
|  | October 1, 2023 |  |  | October 2, 2022 |  |  | October 1, 2023 |  |  | October 2, 2022 |
New products |  | $ | 6,096 |  |  | $ | 2,252 |  |  | $ | 11,384 |  |  | $ | 8,833 |
Mature products |  |  | 569 |  |  |  | 1,207 |  |  |  | 2,335 |  |  |  | 3,263 |
Total revenue |  | $ | 6,665 |  |  | $ | 3,459 |  |  | $ | 13,719 |  |  | $ | 12,096 |
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 |  |  | Nine Months Ended |
|  | October 1, 2023 |  |  | October 2, 2022 |  |  | October 1, 2023 |  |  | October 2, 2022 |
Hardware products |  | $ | 248 |  |  | $ | 308 |  |  | $ | 776 |  |  | $ | 3,607 |
eFPGA IP and professional services |  |  | 5,838 |  |  |  | 1,700 |  |  |  | 10,505 |  |  |  | 4,911 |
SaaS & Other |  |  | 10 |  |  |  | 244 |  |  |  | 103 |  |  |  | 315 |
New products revenue |  | $ | 6,096 |  |  | $ | 2,252 |  |  | $ | 11,384 |  |  | $ | 8,833 |
eFPGA IP revenue for the three months ended October 1, 2023 and October 2, 2022 was $5.8 million and $1.7 million, respectively, which were primarily professional services revenue. Contract assets related to professional services revenue were $4.0 million and $1.5 million as of October 1, 2023 and October 2, 2022, respectively. Contract liabilities related to professional services revenue were $304 thousand and $165 thousand as of October 1, 2023 and October 2, 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 $6.0 million, or 91% of total revenue, and $11.7 million, or 85% of total revenue for the three and nine months ended October 1, 2023, respectively, and $2.3 million﻿﻿﻿, or 67% of total revenue, and $7.8 million, or 64% of total revenue for the three and nine months ended October 2, 2022, respectively. The following is a breakdown of revenue by destination (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | October 1, 2023 |  |  | October 2, 2022 |  |  | October 1, 2023 |  |  | October 2, 2022 |
Asia Pacific |  | $ | 371 |  |  | $ | 783 |  |  | $ | 1,540 |  |  | $ | 3,114 |
North America |  |  | 6,051 |  |  |  | 2,389 |  |  |  | 11,739 |  |  |  | 7,904 |
Europe |  |  | 243 |  |  |  | 287 |  |  |  | 440 |  |  |  | 1,078 |
Total revenue |  | $ | 6,665 |  |  | $ | 3,459 |  |  | $ | 13,719 |  |  | $ | 12,096 |
The following distributors and customers accounted for 10% or more of the Company's revenue for the periods presented:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | October 1, |  |  | October 2, |  |  | October 1, |  |  | October 2, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Distributor "A" |  |  | * |  |  |  | 20 | % |  |  | 11 | % |  |  | 15 | %
Distributor "B" |  |  | * |  |  |  | * |  |  |  | * |  |  |  | 16 | %
Distributor "C" |  |  | * |  |  |  | 10 | % |  |  | * |  |  |  | * |
Customer "A" |  |  | 84 | % |  |  | 30 | % |  |  | 67 | % |  |  | * |
Customer "B" |  |  | * |  |  |  | 13 | % |  |  | * |  |  |  | * |
Customer "C" |  |  | * |  |  |  | 12 | % |  |  | * |  |  |  | 20 | %
Customer "F" |  |  | * |  |  |  | * |  |  |  | * |  |  |  | 16 | %
* 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:
|  | October 1, |  |  | January 1, |
|  | 2023 |  |  | 2023 |
Distributor "A" |  |  | * |  |  |  | 14 | %
Customer "A" |  |  | 89 | % |  |  | * |
Customer "C" |  |  | * |  |  |  | 22 | %
Customer "F" |  |  | * |  |  |  | 44 | %

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