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Segment and Customer Concentration Information
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Segment Reporting [Abstract]    
Segment and Customer Concentration Information Segment and Customer Concentration Information
Reportable segments are (i) Autonomy Solutions and (ii) Component Sales. These segments reflect the way the CODM evaluates the Company’s business performance and manages its operations. Each segment has distinct product offerings, customers, and market penetration. The Chief Executive Officer is the CODM of the Company.
Autonomy Solutions
This segment manufactures and distributes commercial lidar sensors that measures distance using laser light to generate a highly accurate 3D map for automotive mobility applications. This segment is impacted by trends in and the strength of the autonomous vehicles and associated infrastructure/technology sector.
Component Sales
This segment is in the business of development of ultra-sensitive pixel-based sensors. This segment also designs, tests and provides consulting services for non-standard integrated circuits that are
essential for systems to meet the requirement of customers. This segment is impacted by trends in and the strength of automobile and aeronautics sector as well as government spending in military and defense activities.
The accounting policies of the operating segments are the same as those described in Note 2. Segment operating results and reconciliations to the Company’s consolidated balances are as follows (in thousands):
Three Months Ended March 31, 2021
Autonomy
Solutions
Component
Sales
Total
reportable
segments
Eliminations (1)Total
Consolidated
Revenue:
Revenues from external customers$4,336 $977 $5,313 $— $5,313 
Revenues from internal customer1,275 1,142 2,417 (2,417)— 
Total Revenue$5,611 $2,119 $7,730 $(2,417)$5,313 
Depreciation and amortization$638 $20 $658 $(1)$657 
Operating loss(28,868)(237)(29,105)(139)(29,244)
Other significant items:
Segment assets650,211 3,708 653,919 (2,705)651,214 
Inventories, net3,245 38 3,283 — 3,283 
Three Months Ended March 31, 2020
Autonomy
Solutions
Component
Sales
Total
reportable
segments
Eliminations (1)Total
Consolidated
Revenue:
Revenues from external customers$3,297 $575 $3,872 $— $3,872 
Revenues from internal customer— 842 842 (842)— 
Total Revenue$3,297 $1,417 $4,714 $(842)$3,872 
Depreciation and amortization$591 $37 $628 $— $628 
Operating income (loss)(14,946)111 (14,835)— (14,835)
Other significant items:
Segment assets36,068 2,515 38,583 (3,085)35,498 
Inventories, net6,168 — 6,168 — 6,168 
(1) Represent the eliminations of all intercompany balances and transactions during the period presented.
One customer accounted for 45% of the Company’s revenue for the three months ended March 31, 2021. One customer accounted for 66% of the Company’s revenue for the three months ended March 31, 2020.
Segment and Customer Concentration Information
Reportable segments are (i) Autonomy Solutions and (ii) Component Sales. These segments reflect the way the CODM evaluates the Company’s business performance and manages its operations. Each segment has distinct product offerings, customers, and market penetration. The Chief Executive Officer is the CODM of the Company.
Autonomy Solutions
This segment manufactures and distributes commercial lidar sensors that measures distance using laser light to generate a highly accurate 3D map for automotive mobility applications. This segment is impacted by trends in and the strength of the autonomous vehicles and associated infrastructure/technology sector.
Component Sales
This segment is in the business of development of ultra-sensitive pixel-based sensors. This segment also designs, tests and provides consulting services for non-standard integrated circuits that are essential for systems to meet the requirement of customers. This segment is impacted by trends in and the strength of automobile and aeronautics sector as well as government spending in military and defense activities.
The accounting policies of the operating segments are the same as those described in Note 2. Segment operating results and reconciliations to the Company’s consolidated balances are as follows (in thousands):
Year ended December 31, 2020
Autonomy
Solutions
Component
Sales
Total
reportable
segments
Eliminations (1)Total
Consolidated
Revenue:
Revenues from external customers$11,387 $2,564 $13,951 $— $13,951 
Revenues from internal customer1,516 3,248 4,764 (4,764)— 
Total Revenue$12,903 $5,812 $18,715 $(4,764)$13,951 
Depreciation and amortization$2,395 $128 $2,523 $(6)$2,517 
Operating gain (loss)(86,661)(316)(86,977)102 (86,875)
Other significant items:
Segment assets511,676 2,975 514,651 (4,300)510,351 
Inventories, net3,604 3,613 — 3,613 
Year ended December 31, 2019
Autonomy
Solutions
Component
Sales
Total
reportable
segments
Eliminations (1)Total
Consolidated
Revenue:
Revenues from external customers$9,666 $2,936 $12,602 $— $12,602 
Revenues from internal customer— 2,949 2,949 (2,949)— 
Total Revenue$9,666 $5,885 $15,551 $(2,949)$12,602 
Depreciation and amortization$2,135 $181 $2,316 $— $2,316 
Operating gain (loss)(62,874)259 (62,615)— (62,615)
Other significant items:
Segment assets52,171 2,218 54,389 (2,525)51,864 
Inventories, net4,002 — 4,002 — 4,002 
________________
(1) Represent the eliminations of all intercompany balances and transactions during the period presented.
One customer accounted for 64% of the Company’s revenue for the year ended December 31, 2020. One customer accounted for 43% of the Company’s revenue for the year ended December 31, 2019.