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v3.26.1

Reportable Segments (Tables) | 9 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Schedule of Reportable Segments Information | Information concerning our reportable segments is as follows, in thousands:
|  | Three Months Ended June 30, 2026 |
|  | Thermal Processing Solutions |  |  | Semiconductor Fabrication Solutions |  |  | Total |
Revenue |  | $ | 17,745 |  |  | $ | 4,638 |  |  | $ | 22,383 |
Less: |  |  |  |  |  |  |  |  |
Material |  |  | 6,495 |  |  |  | 1,502 |  |  |  | 7,997 |
Labor |  |  | 943 |  |  |  | 512 |  |  |  | 1,455 |
Overhead |  |  | 1,301 |  |  |  | 437 |  |  |  | 1,738 |
Gross profit |  |  | 9,006 |  |  |  | 2,187 |  |  |  | 11,193 |
Selling & marketing |  |  | 2,179 |  |  |  | 303 |  |  |  | 2,482 |
General & administrative |  |  | 1,677 |  |  |  | 1,621 |  |  |  | 3,298 |
Research & development |  |  | 610 |  |  |  | 245 |  |  |  | 855 |
Loss on sale of property, plant and equipment |  |  | — |  |  |  | 78 |  |  |  | 78 |
Severance expense |  |  | 19 |  |  |  | 31 |  |  |  | 50 |
Operating income (loss) |  |  | 4,521 |  |  |  | (91 | ) |  |  | 4,430 |
Interest income |  |  | 23 |  |  |  | 18 |  |  |  | 41 |
Interest expense |  |  | (6 | ) |  |  | 4 |  |  |  | (2 | )
Other segment items (1) |  |  | (741 | ) |  |  | (1 | ) |  |  | (742 | )
Non-segment items (2) |  |  | — |  |  |  | — |  |  |  | (2,069 | )
Net income (loss) |  | $ | 3,797 |  |  | $ | (70 | ) |  | $ | 1,658 |
(1) Other segment items consists primarily of expenses related to foreign currency gain or loss and income tax provision. Thermal Processing Solutions and Semiconductor Fabrication Solutions income tax provision was $0.5 million and $1,000, respectively. (2) Non-segment items consists primarily of expenses related to corporate salaries and professional services expenses, income tax, interest income and interest expense.
|  | Three Months Ended June 30, 2025 |
|  | Thermal Processing Solutions |  |  | Semiconductor Fabrication Solutions |  |  | Total |
Revenue |  | $ | 14,208 |  |  | $ | 5,349 |  |  | $ | 19,557 |
Less: |  |  |  |  |  |  |  |  |
Material |  |  | 5,946 |  |  |  | 1,661 |  |  |  | 7,607 |
Labor |  |  | 551 |  |  |  | 349 |  |  |  | 900 |
Overhead |  |  | 1,386 |  |  |  | 532 |  |  |  | 1,918 |
Gross profit |  |  | 6,325 |  |  |  | 2,807 |  |  |  | 9,132 |
Selling & marketing |  |  | 1,582 |  |  |  | 129 |  |  |  | 1,711 |
General & administrative |  |  | 1,252 |  |  |  | 1,615 |  |  |  | 2,867 |
Research & development |  |  | 277 |  |  |  | 87 |  |  |  | 364 |
Loss on sale of property, plant and equipment |  |  | 19 |  |  |  | 26 |  |  |  | 45 |
Severance expense |  |  | 288 |  |  |  | 72 |  |  |  | 360 |
Operating income |  |  | 2,907 |  |  |  | 878 |  |  |  | 3,785 |
Interest income |  |  | 28 |  |  |  | 22 |  |  |  | 50 |
Interest expense |  |  | (6 | ) |  |  | 1 |  |  |  | (5 | )
Other segment items (1) |  |  | (431 | ) |  |  | (2 | ) |  |  | (433 | )
Non-segment items (2) |  |  | — |  |  |  | — |  |  |  | (3,291 | )
Net income |  | $ | 2,498 |  |  | $ | 899 |  |  | $ | 106 |
(1) Other segment items consists primarily of expenses related to foreign currency gain or loss and income tax provision. Thermal Processing Solutions and Semiconductor Fabrication Solutions income tax provision was $0.3 million and $2,000, respectively. (2) Non-segment items consists primarily of expenses related to corporate salaries and professional services expenses, severance expenses, income tax, interest income and interest expense.
|  | Nine Months Ended June 30, 2026 |
|  | Thermal Processing Solutions |  |  | Semiconductor Fabrication Solutions |  |  | Total |
Revenue |  | $ | 46,460 |  |  | $ | 15,364 |  |  | $ | 61,824 |
Less: |  |  |  |  |  |  |  |  |
Material |  |  | 17,441 |  |  |  | 5,425 |  |  |  | 22,866 |
Labor |  |  | 2,546 |  |  |  | 1,770 |  |  |  | 4,316 |
Overhead |  |  | 3,745 |  |  |  | 1,441 |  |  |  | 5,186 |
Gross profit |  |  | 22,728 |  |  |  | 6,728 |  |  |  | 29,456 |
Selling & marketing |  |  | 5,970 |  |  |  | 839 |  |  |  | 6,809 |
General & administrative |  |  | 4,217 |  |  |  | 5,074 |  |  |  | 9,291 |
Research & development |  |  | 1,912 |  |  |  | 606 |  |  |  | 2,518 |
Loss on sale of property, plant and equipment |  |  | — |  |  |  | 78 |  |  |  | 78 |
Severance expense |  |  | 19 |  |  |  | 31 |  |  |  | 50 |
Operating income |  |  | 10,610 |  |  |  | 100 |  |  |  | 10,710 |
Interest income |  |  | 70 |  |  |  | 50 |  |  |  | 120 |
Interest expense |  |  | (18 | ) |  |  | — |  |  |  | (18 | )
Other segment items (1) |  |  | (2,218 | ) |  |  | 2 |  |  |  | (2,216 | )
Non-segment items (2) |  |  | — |  |  |  | — |  |  |  | (5,664 | )
Net income |  | $ | 8,444 |  |  | $ | 152 |  |  | $ | 2,932 |
(1) Other segment items consists primarily of expenses related to foreign currency gain or loss and income tax provision. Thermal Processing Solutions and Semiconductor Fabrication Solutions income tax provision was $1.6 million and $2,000, respectively. (2) Non-segment items consists primarily of expenses related to corporate salaries and professional services expenses, gain on sale of assets, income tax, interest income and interest expense.
|  | Nine Months Ended June 30, 2025 |
|  | Thermal Processing Solutions |  |  | Semiconductor Fabrication Solutions |  |  | Total |
Revenue |  | $ | 43,467 |  |  | $ | 16,055 |  |  | $ | 59,522 |
Less: |  |  |  |  |  |  |  |  |
Material |  |  | 22,127 |  |  |  | 7,751 |  |  |  | 29,878 |
Labor |  |  | 3,660 |  |  |  | 2,434 |  |  |  | 6,094 |
Overhead |  |  | 3,675 |  |  |  | 1,706 |  |  |  | 5,381 |
Gross profit |  |  | 14,005 |  |  |  | 4,164 |  |  |  | 18,169 |
Selling & marketing |  |  | 5,717 |  |  |  | 641 |  |  |  | 6,358 |
General & administrative |  |  | 3,660 |  |  |  | 5,449 |  |  |  | 9,109 |
Research & development |  |  | 1,678 |  |  |  | 392 |  |  |  | 2,070 |
Loss on sale of property, plant and equipment |  |  | 184 |  |  |  | 90 |  |  |  | 274 |
Goodwill impairment |  |  | 4,997 |  |  |  | 15,356 |  |  |  | 20,353 |
Intangible asset impairment |  |  | — |  |  |  | 2,569 |  |  |  | 2,569 |
Severance expense |  |  | 389 |  |  |  | 224 |  |  |  | 613 |
Operating loss |  |  | (2,620 | ) |  |  | (20,557 | ) |  |  | (23,177 | )
Interest income |  |  | 38 |  |  |  | 25 |  |  |  | 63 |
Interest expense |  |  | (17 | ) |  |  | (2 | ) |  |  | (19 | )
Other segment items (1) |  |  | (457 | ) |  |  | (6 | ) |  |  | (463 | )
Non-segment items (2) |  |  | — |  |  |  | — |  |  |  | (7,798 | )
Net loss |  | $ | (3,056 | ) |  | $ | (20,540 | ) |  | $ | (31,394 | )
(1) Other segment items consists primarily of expenses related to foreign currency gain or loss and income tax provision. Thermal Processing Solutions and Semiconductor Fabrication Solutions income tax provision was $0.8 million and $10,000, respectively. (2) Non-segment items consists primarily of expenses related to corporate salaries and professional services expenses, severance expenses, gain on sale of assets, income tax, interest income and interest expense.
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |
Thermal Processing Solutions |  | $ | 263 |  |  | $ | 258 |  |  | $ | 779 |  |  | $ | 779 |
Semiconductor Fabrication Solutions |  |  | 335 |  |  |  | 313 |  |  |  | 1,015 |  |  |  | 1,320 |
Non-segment related* |  |  | 22 |  |  |  | 23 |  |  |  | 67 |  |  |  | 68 |
|  | $ | 620 |  |  | $ | 594 |  |  | $ | 1,861 |  |  | $ | 2,167 |
* Non-segment related to depreciation and amortization expense at corporate.
|  | June 30, 2026 |  |  | September 30, 2025 |
Identifiable Assets: |  |  |  |  |  |
Thermal Processing Solutions |  | $ | 61,191 |  |  | $ | 56,019 |
Semiconductor Fabrication Solutions |  |  | 22,829 |  |  |  | 26,040 |
Non-segment related* |  |  | 72,695 |  |  |  | 10,814 |
|  | $ | 156,715 |  |  | $ | 92,873 |
* Non-segment related assets include cash, fixed assets, and other assets

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