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13. SEGMENT AND GEOGRAPHIC INFORMATION
12 Months Ended
Mar. 31, 2026
SEGMENT AND GEOGRAPHIC INFORMATION  
NOTE 13 - SEGMENT AND GEOGRAPHIC INFORMATION

NOTE 13—SEGMENT AND GEOGRAPHIC INFORMATION

Based on its operating management and financial reporting structure, the Company has determined that it has one reportable business segment: the design, development and sale of integrated circuits.

The key measure of segment profit or loss utilized by the chief operating decision maker to assess performance of and allocate resources to the Company’s operating segment is consolidated net income (loss). Net income (loss) is used in monitoring budget versus actual results. This measure is presented on the consolidated statements of operations and comprehensive loss. Significant segment expenses included in net income (loss) include cost of revenue, research and development, selling, general and administrative, interest income, net, other expense, net, and income tax provision (benefit), which are presented on the consolidated statements of operations and comprehensive loss. The measure of segment assets is reported on the consolidated balance sheets as total consolidated assets.

The following is a summary of net revenues by geographic area based on the location to which product is shipped:

Year Ended March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

 

(In thousands)

United States

$

12,294

  ​ ​

$

8,152

$

11,461

China

4,231

5,326

1,262

Singapore

2,230

2,009

2,034

Netherlands

575

554

2,825

Germany

4,599

3,716

3,498

Rest of the world

1,193

761

685

$

25,122

$

20,518

$

21,765

All sales are denominated in United States dollars.

The locations and net book value of property and equipment and operating lease right-of-use assets are as follows:

March 31,

  ​ ​ ​

2026

  ​ ​ ​

2025

 

(In thousands)

United States

$

8,367

$

9,372

Taiwan

400

364

Israel

380

619

$

9,147

$

10,355