Note 10 - Information Concerning Product Lines, Geographic Information and Revenue Concentration

3 Months Ended

Apr. 04, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 10 — Information Concerning Product Lines, Geographic Information and Revenue Concentration

The Company identifies its business segment 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 line (in thousands):

	Three Months Ended
	April 4,		March 29,
	2021		2020
New products	$	1,075	$	486
Mature products		1,165		1,672
Total revenue	$	2,240	$	2,158

Note: New products include all products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP license, Quick AI and SensiML AI software as a service (“SaaS”) revenues. Mature products include all products produced on semiconductor processes larger than 180 nanometer and includes related royalty revenue.

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

	Three Months Ended
	April 4,		March 29,
	2021		2020
Asia Pacific (1)	$	753	$	406
North America (2)		1,259		952
Europe		228		800
Total revenue	$	2,240	$	2,158

(1)	Asia Pacific includes revenue from Japan of $724,000, or 32% of total revenue, and $394,000 or 18% of total revenue, for the three months ended April 4, 2021 and March 29, 2020, respectively.
(2)	North America includes revenue from the United States of $1.2 million, or 56% of total revenue, and $942,000, or 44% of total revenue, for the three months ended April 4, 2021 and March 29, 2020, respectively.

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

	Three Months Ended
	April 4,			March 29,
	2021			2020
Distributor "A"		12	%		38	%
Distributor "C"		23	%		25	%
Distributor "E"		29	%		13	%
Customer "B"		*			14	%
Customer "E"		*			14	%
Customer "F"		29	%		13	%
Customer "L"		*			11	%
Customer "M"		*			11	%
Customer "N"		13	%		*
Customer "O"		13	%		*

* Represents less than 10% of revenue as of the dates presented.

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

	April 4,			January 3,
	2021			2021
Distributor "A"		14	%		*
Distributor "C"		38	%		*
Distributor "P"		*			67	%
Distributor "Q"		*			10	%
Customer "N"		24	%		*

* Represents less than 10% of accounts receivable as of the dates presented.

As of  April 4, 2021, 3.6% of the Company's long-lived assets, including property and equipment and other assets, were located outside the United States.