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

12 Months Ended

Jan. 02, 2022

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
	2021		2020		2019
Revenue by product line (1) :
New products	$	7,761	$	2,782	$	3,123
Mature products		4,924		5,852		7,187
Total revenue	$	12,685	$	8,634	$	10,310

(1) New products include all products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP license, professional services, QuickAI and SensiML AI software as a service (SaaS) revenues. Mature products include all products produced on semiconductor processes larger than 180 nanometers. New product revenues of $7.8 million includes revenues from in eFPGA IP license of $1.1 million and professional engineering services of $1.5  million for fiscal 2021.   For fiscal years 2020 and 2019 the Company recognized $0.3 million and $0, respectively, in revenues for professional engineering services.  Related to the Company's professional services revenue, the Company had Contract assets of approximately $250 thousand included in accounts receivable on its Consolidated Balance Sheet at January 2, 2022 and none at January 3, 2021.  Additionally, at January 2, 2022, the Company had contract liabilities, related to its professional services, of $300 thousand included in deferred revenue on its Consolidated Balance Sheet and none at January 3, 2021. 

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

	Fiscal Years
	2021		2020		2019
Revenue by geography:
Asia Pacific (1)	$	3,352	$	2,100	$	3,049
Europe		2,448		1,501		2,459
North America (2)		6,885		5,033		4,802
Total revenue	$	12,685	$	8,634	$	10,310

⁽¹ Asia Pacific includes revenue from China $1.1 million or 11% and Japan of $1.8 million or 17% of total revenue in 2019 and $1.8 million or 15% and $1.6 million or 12% of total revenue in 2018, respectively. In 2017, revenue from China and Japan were $1.3 million or 11% and $1.5 million or 12%, respectively.

⁽² North America includes revenue from the United States of $4.7 million or 46% of total revenue in 2019, $6.4 million or 50% of total revenue in 2018 and $4.2 million or 34% of total revenue in 2017.

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

	Fiscal Years
	2021			2020			2019
Distributor "A"		15	%		24	%		40	%
Distributor "C"		11	%		15	%		13	%
Distributor "E"		22	%		19	%		*
Customer "B"		8	%		10	%		13	%
Customer "E"		10	%		*			10	%
Customer "N"		16	%		*			*
Customer "O"		14	%		*			*
Customer "M"		—	%		16	%		*

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

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 2,			January 3,
	2022			2021
Distributor "A"		42	%		*
Distributor "C"		17	%		*
Distributor "E"		22	%		*
Customer "O"		10	%		*
Customer "P"		—	%		67	%
Customer "Q"		—	%		10	%

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

As of January 2, 2022 and January 3, 2021, approximately 3% and 4%, respectively, of the Company’s long-lived assets, including property and equipment and other assets were located outside the United States.