Note 12 - Significant Customer and Industry Segment Information |
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Segment Reporting Disclosure [Text Block] |
( 12 ) Significant Customer and Industry Segment Information The Company has two reportable segments: Microsource and the Giga-tronics Division. Microsource's primary business is the design of custom Microwave Integrated Components (“MIC”) as well as the production of MIC components using chip and wire assembly methods. Our Microsource Division offers a line of tunable, synthesized Band Reject Filters (BRF) for solving interference problems in RADAR/EW applications. Self-protection systems onboard high-performance military aircraft often require RADAR filters to block electromagnetic interference generated by other onboard electronic systems, particularly the aircraft's main RADAR. These high-speed, tunable notch filters can quickly block interference from both continuous wave and wide bandwidth emissions. Using proprietary driver and phase lock technology, these filters offer tuning speeds that are up to ten times faster than traditional filter designs. We design these filters specifically for each application. Microsource's two largest customers are prime contractors for which it develops and manufactures RADAR filters used in fighter jet aircraft.The Giga-tronics Division designs, manufactures and markets a family of functional test products for the RADAR and Electronic Warfare (RADAR/EW) segment of the defense electronics market. Our RADAR/EW test products are used to evaluate and improve the performance of RADAR/EW systems. The tables below present information for the two reportable segments:
During the second quarter of fiscal 2021, one customer accounted for approximately 56% of the Company's consolidated revenues and was included in the Microsource segment. A second customer accounted for 28% of the Company's consolidated revenue and was included in the Giga-tronics division. During the second quarter of fiscal 2020, one customer accounted for approximately 57% of the Company's consolidated revenues and was included in the Microsource segment. A second customer accounted for 31% of the Company's consolidated revenue and was also included in the Microsource segment.During the
first half of fiscal 2021, one customer accounted for 55% of the Company's consolidated revenues and was primarily included in the Microsource segment. A second customer accounted for 28% of the Company's consolidated revenue and was included in the Giga-tronics division. During the first half of fiscal 2020, one customer accounted for 47% of the Company's consolidated revenues and was primarily included in the Microsource segment. A second customer accounted for 30% of the Company's consolidated revenue and was included in the Giga-tronics division. |