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Segment and Customer Concentration Information
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment and Customer Concentration Information Segment and Customer Concentration Information
Reportable 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 automobile and autonomous vehicles sector and the 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 sectors 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, 2024
Autonomy
Solutions		ATSTotal
reportable
segments		Eliminations (1)Total
Consolidated
Revenues from external customers$9,981 $6,470 $16,451 $— $16,451 
Depreciation and amortization5,646 745 6,391 — 6,391 
Restructuring costs
5,585 677 6,262 — 6,262 
Operating loss
(119,567)(8,773)(128,340)618 (127,722)
Other significant items:
Segment assets450,151 68,207 518,358 (136,549)381,809 
Inventories, net9,255 4,771 14,026 — 14,026 
Three Months Ended June 30, 2023
Autonomy
Solutions		ATSTotal
reportable
segments		Eliminations (1)Total
Consolidated
Revenues from external customers$9,738 $6,459 $16,197 $— $16,197 
Depreciation and amortization3,866 683 4,549 — 4,549 
Operating loss
(120,162)(22,234)(142,396)(1,496)(143,892)
Other significant items:
Segment assets708,853 73,664 782,517 (182,743)599,774 
Inventory19,679 676 20,355 (38)20,317 
Six Months Ended June 30, 2024
Autonomy
Solutions		ATSTotal
reportable
segments		Eliminations (1)Total
Consolidated
Revenues from external customers$26,301 $11,118 $37,419 $— $37,419 
Depreciation and amortization13,074 1,384 14,458 — 14,458 
Restructuring costs5,585 677 6,262 — 6,262 
Operating income loss
(244,586)(9,524)(254,110)619 (253,491)
Other significant items:
Segment assets450,151 68,207 518,358 (136,549)381,809 
Inventory9,255 4,771 14,026 — 14,026 
Six Months Ended June 30, 2023
Autonomy
Solutions		ATSTotal
reportable
segments		Eliminations (1)Total
Consolidated
Revenue:
Revenues from external customers$20,411 $10,295 $30,706 $— $30,706 
Depreciation and amortization6,192 1,344 7,536 — 7,536 
Operating income loss
(261,851)(22,830)(284,681)(1,106)(285,787)
Other significant items:
Segment assets708,853 73,664 782,517 (182,743)599,774 
Inventory19,679 676 20,355 (38)20,317 
(1) Represents the eliminations of all intercompany balances and transactions during the period presented.
One customer of the Autonomy Solutions segment, accounted for 61% and 53% of the Company’s revenue for the three and six months ended June 30, 2024, respectively. One customer of the Autonomy Solutions segment, accounted for 31% of the Company’s revenue for the three months ended June 30, 2023. Two customers of the Autonomy Solutions segment, accounted
for 29% and 16% of the Company’s revenue for the six months ended June 30, 2023, respectively. A vast majority of the Company’s long-lived assets are located in North America.