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Segment and Customer Concentration Information
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment and Customer Concentration Information Segment and Customer Concentration InformationReportable segments are (i) Autonomy Solutions and (ii) ATS. 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 for automotive mobility applications. This segment is impacted by trends in the autonomous vehicles and associated infrastructure/technology sector.
ATS
This segment is in the business of development of semiconductor technology based lasers and sensors. This segment also designs, tests and provides consulting services for development of integrated circuits. This segment is impacted by trends in and the strength of the 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, 2022
Autonomy
Solutions
ATSTotal
reportable
segments
Eliminations (1)Total
Consolidated
Revenue:
Revenues from external customers$24,353 $16,345 $40,698 $— $40,698 
Revenues from internal customer14,748 12,485 27,233 (27,233)— 
Total Revenue$39,101 $28,830 $67,931 $(27,233)$40,698 
Depreciation and amortization$4,110 $2,456 $6,566 $— $6,566 
Operating gain (loss)(412,673)(29,394)(442,067)(335)(442,402)
Other significant items:
Segment assets752,088 60,529 812,617 (125,290)687,327 
Inventories, net8,664 474 9,138 (346)8,792 
Year ended December 31, 2021
Autonomy
Solutions
ATSTotal
reportable
segments
Eliminations (1)Total
Consolidated
Revenue:
Revenues from external customers$28,497 $3,447 $31,944 $— $31,944 
Revenues from internal customer8,098 5,929 14,027 (14,027)— 
Total Revenue$36,595 $9,376 $45,971 $(14,027)$31,944 
Depreciation and amortization$3,723 $439 $4,162 $— $4,162 
Operating gain (loss)(214,133)(324)(214,457)(95)(214,552)
Other significant items:
Segment assets882,704 9,771 892,475 (8,939)883,536 
Inventories, net10,179 163 10,342 — 10,342 
Year ended December 31, 2020
Autonomy
Solutions
ATSTotal
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 
(1) Represent the eliminations of all intercompany balances and transactions during the period presented.
Two customers accounted for 21%, and 17% of the Company’s revenue for the year ended December 31, 2022. Two customers accounted for 42% and 17% of the Company’s revenue for the year ended December 31, 2021. One customer accounted for 64% of the Company’s revenue for the year ended December 31, 2020.