Note 14 - Information Concerning Product Lines, Geographic Information, Accounts Receivable and Revenue Concentration

12 Months Ended

Jan. 03, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 14-INFORMATION CONCERNING PRODUCT LINES, GEOGRAPHIC INFORMATION, ACCOUNTS RECEIVABLE AND REVENUE CONCENTRATION

The Company identifies its business segments based on business activities, management responsibility and geographic location. For all periods presented, the Company operated in a single reportable business segment.

The following is a breakdown of revenue by product family (in thousands):

	Fiscal Years
	2020		2019		2018
Revenue by product line (1) :
New products	$	2,782	$	3,123	$	5,735
Mature products		5,852		7,187		6,894
Total revenue	$	8,634	$	10,310	$	12,629

(1) New products include all products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP license, QuickAI and SensiML AI software as a service (SaaS) revenues. Mature products include all products produced on semiconductor processes larger than 180 nanometer.

The following is a breakdown of revenue by shipment destination (in thousands):

	Fiscal Years
	2020		2019		2018
Revenue by geography:
Asia Pacific (1)	$	2,096	$	3,049	$	4,905
Europe		1,501		2,459		1,280
North America (2)		5,037		4,802		6,444
Total revenue	$	8,634	$	10,310	$	12,629

⁽¹⁾ Asia Pacific includes revenue from Japan of $2.0 million or 23% of total revenue in 2020 In 2019 revenue from Chinas was $1.1 million or 11% and Japan $1.8 million or 17%, respectively. In 2018, revenue from China was $1.8 million or 15% and Japan $1.6 million or 12%, respectively.

⁽²⁾ North America includes revenue from the United States of $5.0 million or 58% of total revenue in 2020, $4.7 million or 46% of total revenue in 2019 and $6.4 million or 50% of total revenue in 2018.

The following distributors and customers accounted for 10% or more of the Company’s revenue for the periods presented:

	Fiscal Years
	2020			2019			2018
Distributor "A"		24	%		40	%		34	%
Distributor "C"		15	%		13	%		*
Distributor "E"		19	%		*			*
Customer "B"		10	%		13	%		12	%
Customer "E"		*			10	%		*
Customer "F"		19	%		*			*
Customer "G"		*			*			10	%
Customer "J"		*			*			10	%
Customer "M"		16	%		*			*

Note: the amounts related to Distributor in the above table represent sales-in only to those distributors, and Customer information relates to sales out information. As such, sales to a Distributor, may also include information of a related Customer.

The following distributors and customers accounted for 10% or more of the Company's accounts receivable as of the dates presented:

	January 3,			December 29,
	2021			2019
Distributor "A"		*			20	%
Distributor "C"		*			23	%
Distributor "E"		*			12	%
Distributor "J"		*			31	%
Customer "P"		67	%		*
Customer "Q"		10	%		*

As of January 3, 2021 and December 29, 2019, approximately 4% and 7%, respectively, of the Company’s long-lived assets, including property and equipment and other assets were located outside the United States.