XML 29 R18.htm IDEA: XBRL DOCUMENT v3.21.2
Segment and Customer Concentration Information
6 Months Ended
Jun. 30, 2021
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 June 30, 2021
Autonomy
Solutions
Component
Sales
Total
reportable
segments
Eliminations (1)Total
Consolidated
Revenue:
Revenues from external customers$5,822 $487 $6,309 $— $6,309 
Revenues from internal customer1,846 1,207 3,053 (3,053)— 
Total revenue$7,668 $1,694 $9,362 $(3,053)$6,309 
Depreciation and amortization$652 $23 $675 $— $675 
Operating loss(44,169)(76)(44,245)44 (44,201)
Other significant items:
Segment assets625,386 3,483 628,869 (2,702)626,167 
Inventories, net4,288 30 4,318 — 4,318 
Three Months Ended June 30, 2020
Autonomy
Solutions
Component
Sales
Total
reportable
segments
Eliminations (1)Total
Consolidated
Revenue:
Revenues from external customers$2,809 $615 $3,424 $— $3,424 
Revenues from internal customer— 889 889 (889)— 
Total revenue$2,809 $1,504 $4,313 $(889)$3,424 
Depreciation and amortization$569 $44 $613 $— $613 
Operating income (loss)(19,927)77 (19,850)— (19,850)
Other significant items:
Segment assets50,231 2,672 52,903 (2,687)50,216 
Inventories, net4,961 — 4,961 — 4,961 
Six Months Ended June 30, 2021
Autonomy
Solutions
Component
Sales
Total
reportable
segments
Eliminations (1)Total
Consolidated
Revenue:
Revenues from external customers$10,158 $1,464 $11,622 $— $11,622 
Revenues from internal customer3,121 2,349 5,470 (5,470)— 
Total revenue$13,279 $3,813 $17,092 $(5,470)$11,622 
Depreciation and amortization$1,290 $43 $1,333 $(1)$1,332 
Operating loss(73,037)(313)(73,350)(95)(73,445)
Other significant items:
Segment assets625,386 3,483 628,869 (2,702)626,167 
Inventories, net4,288 30 4,318 — 4,318 
Six Months Ended June 30, 2020
Autonomy
Solutions
Component
Sales
Total
reportable
segments
Eliminations (1)Total
Consolidated
Revenue:
Revenues from external customers$6,106 $1,190 $7,296 $— $7,296 
Revenues from internal customer— 1,731 1,731 (1,731)— 
Total revenue$6,106 $2,921 $9,027 $(1,731)$7,296 
Depreciation and amortization$1,160 $81 $1,241 $— $1,241 
Operating income (loss)(34,873)188 (34,685)— (34,685)
Other significant items:
Segment assets50,231 2,672 52,903 (2,687)50,216 
Inventories, net4,961 — 4,961 — 4,961 
(1) Represent the eliminations of all intercompany balances and transactions during the period presented.
Three customers accounted for 30%, 30% and 25% of the Company’s revenue for the three months ended June 30, 2021. Three customers accounted for 21%, 37% and 18% of the Company’s revenue for the six months ended June 30, 2021, One customer accounted for 75% and 73% of the Company’s revenue for the three and six months ended June 30, 2020.