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Segment and Customer Concentration Information
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment and Customer Concentration Information Segment and Customer Concentration Information
Reportable segments are (i) Autonomy Solutions and (ii) Components. These segments reflect the way the chief operating decision maker (“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 measure 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.
Components
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, 2022
Autonomy
Solutions
ComponentsTotal
reportable
segments
Eliminations (1)Total
Consolidated
Revenue:
Revenues from external customers$5,898 $957 $6,855 $— $6,855 
Revenues from internal customer2,361 2,156 4,517 (4,517)— 
Total revenue$8,259 $3,113 $11,372 $(4,517)$6,855 
Depreciation and amortization$544 $261 $805 $— $805 
Operating income (loss)(82,177)270 (81,907)(424)(82,331)
Other significant items:
Segment assets815,160 10,992 826,152 (18,352)807,800 
Inventories, net9,813 199 10,012 — 10,012 
Three Months Ended March 31, 2021
Autonomy
Solutions
ComponentsTotal
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 income (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 
(1) Represents the eliminations of all intercompany balances and transactions during the period presented.
Two customers accounted for 52% and 23% of the Company’s revenue for the three months ended March 31, 2022. One customer accounted for 45% of the Company’s revenue for the three months ended March 31, 2021