Transphorm, Inc.
transphormusa.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed Feb 20, 2024. Its latest SEC filing is a SC 13G/A from Nov 14, 2024.
10-Q for Q3 FY2024, filed Feb 20, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Builds and sells gallium nitride power devices and epiwafers for power-conversion equipment makers, including data-center, industrial and automotive applications.
10-K for FY2023, filed Jun 28, 2023
How Did They Make Money?
Transphorm sells GaN power devices and epiwafers, provides related product and development services, does research work under government contracts, and licenses its technology. Device sales are earned at shipment; government contracts and some services are earned as work proceeds, while upfront patent-license fees can be earned when received if no significant work remains.
10-K for FY2023, filed Jun 28, 2023The Company derives its revenues primarily through the sale and delivery of promised goods and services to distributors and end-users in…View ↗
Commercial product and service contracts, including contracts for sales of high-powered GaN-based products manufactured utilizing the…View ↗
Performance obligations are satisfied, and revenue is recognized when control of a good or service promised in a contract is transferred to…View ↗
Revenue is recognized over time if the customer receives the benefits as the Company performs services, if the customer controls the asset…View ↗
Government contract revenue is principally generated under research and development contracts with agencies of the U.S. government. These…View ↗
From time to time, the Company may enter into licensing arrangements related to its intellectual property. Revenue from licensing…View ↗
-
10-K for FY2023, filed Jun 28, 2023
FY2023 revenue by product or service ↗
$16.5M
-
10-K for FY2023, filed Jun 29, 2023
$16.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Commercial product and service
Mix
10-K for FY2023, filed Jun 28, 2023 |
90% |
Commercial product and service, FY2023
$14.9M Sources
|
Mix |
|
Government
Recurring
10-K for FY2023, filed Jun 28, 2023 |
9.8% |
Government, FY2023
$1.6M Sources
|
Recurring |
|
Licensing
Licensed
|
0.0% |
Licensing, FY2023
$0 Sources
|
Licensed |
Who Were Their Customers?
Buyers in gaming, industrial, IT and consumer markets receive products through distributors or directly; the company sells epiwafers directly to U.S. defense customers and strategic partners.
10-K for FY2023, filed Jun 28, 2023We currently generate revenue from (i) commercial product sales and service contracts, (ii) government contracts for research and…View ↗
We partner with several regional distributors and sales representatives. In Asia, Avnet, Fujitsu Electronics (now part of Kaga…View ↗
Epiwafer Sales: Epiwafer sales are to U.S. Department of Defense customers for GaN on 4-inch and 6-inch wafers, for RF GaN on silicon…View ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q3 FY2024, filed Feb 21, 2024
−$10MView ↗
- ▼ −4% (Loss)
- vs −$10.5M in Q3 FY2023
10-Q for Q3 FY2024, filed Feb 20, 2024
Open tableView ↗
-
Jun 20, 2024
Renesas completed its acquisition of Transphorm
Transphorm shares were converted into a right to receive $5.10 in cash.
Sources
8-K, filed Jun 20, 2024
Pursuant to the Merger Agreement, at the effective time of the Merger (the “Effective Time”), each issued and outstanding share of…View ↗
Grew. Revenue grew 39% in 4 years, from $11.9M in FY2020 to $16.5M in FY2023, about 9% a year.
Who Did They Compete With?
Competes with Infineon, ST Microelectronics, Toshiba, ON Semiconductor, Rohm, Wolfspeed, Power Integrations, Panasonic, GaN Systems, Navitas, Texas Instruments, and Innoscience
10-K for FY2023, filed Jun 28, 2023Our GaN solutions compete with silicon-based products from companies such as Infineon, ST Microelectronics, Toshiba, ON Semiconductor and…View ↗
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