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

6 Months Ended

Jul. 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				Six Months Ended
	July 4,		June 28,		July 4,		June 28,
	2021		2020		2021		2020
New products	$	1,262	$	820	$	2,337	$	1,306
Mature products		1,620		1,376		2,785		3,048
Total revenue	$	2,882	$	2,196	$	5,122	$	4,354

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”) revenue. 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				Six Months Ended
	July 4,		June 28,		July 4,		June 28,
	2021		2020		2021		2020
Asia Pacific (1)	$	1,075	$	779	$	1,828	$	1,185
North America (2)		565		1,282		1,824		2,234
Europe		1,242		135		1,470		935
Total revenue	$	2,882	$	2,196	$	5,122	$	4,354

⁽¹⁾ Asia Pacific includes revenue from Japan of $917,000, or 32% of total revenue and $771,000 or 35% of total revenue for the quarters ended July 4, 2021 and June 28, 2020, respectively. For the six months ended July 4, 2021 and June 28, 2020, revenue from Japan was $1.6 million, or 32% of total revenue, and $1.2 million, or 27% of total revenue, respectively.

⁽²⁾ North America includes revenue from the United States of $562,000, or 19% of total revenue, and $1.3 million, or 58% of total revenue, for the three months ended July 4, 2021 and June 28, 2020, respectively. For the six months ended July 4, 2021 and June 28, 2020 revenue from the United States was $1.8 million, or 35% of total revenue, and $2.2 million, or 51% of total revenue, respectively.

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

	Three Months Ended						Six Months Ended
	July 4,			June 28,			July 4,			June 28,
	2021			2020			2021			2020
Distributor "A"		14	%		25	%		13	%		31	%
Distributor "C"		*			*			16	%		17	%
Distributor "E"		29	%		29	%		29	%		21	%
Customer "B"		*			12	%		*			13	%
Customer "E"		35	%		*			20	%		*
Customer "F"		29	%		29	%		29	%		21	%
Customer "M"		*			12	%		*			*

* 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:

	July 4,			January 3,
	2021			2021
Distributor "A"		11	%		*
Distributor "C"		10	%		*
Distributor "E"		22	%		*
Distributor "P"		*			67	%
Distributor "Q"		*			10	%
Distributor "J"		51	%		*

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