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v3.23.3

Segment Information | 12 Months Ended
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Sep. 30, 2023
Segment Information |
Segment Information | 17. Segment Information The following table presents certain operating segment information. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Technology Solutions Segment | ​ | ​ | ​
​ | ​ | High | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Performance | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Products | ​ | United | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Consolidated
Year ended September 30, |  | Segment |  | Kingdom |  | U.S. |  | Total |  | Total
​ | ​ | (Amounts in thousands)
2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sales: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Product | ​ | $ | 5,475 | ​ | $ | 734 | ​ | $ | 40,940 | ​ | $ | 41,674 | ​ | $ | 47,149
Service | ​ |  | 1,398 | ​ |  | 288 | ​ |  | 15,812 | ​ |  | 16,100 | ​ |  | 17,498
Total sales | ​ | $ | 6,873 | ​ | $ | 1,022 | ​ | $ | 56,752 | ​ | $ | 57,774 | ​ | $ | 64,647
Operating (loss) income | ​ | $ | (2,708) | ​ | $ | (64) | ​ | $ | 4,642 | ​ | $ | 4,578 | ​ | $ | 1,870
Interest expense | ​ | $ | (12) | ​ | $ | — | ​ | $ | (250) | ​ | $ | (250) | ​ | $ | (262)
Interest income | ​ | $ | 20 | ​ | $ | 177 | ​ | $ | 1,263 | ​ | $ | 1,440 | ​ | $ | 1,460
Total assets | ​ | $ | 10,467 | ​ | $ | 7,361 | ​ | $ | 48,076 | ​ | $ | 55,437 | ​ | $ | 65,904
Capital expenditures | ​ | $ | (75) | ​ | $ | — | ​ | $ | (151) | ​ | $ | (151) | ​ | $ | (226)
Depreciation and amortization | ​ | $ | (112) | ​ | $ | — | ​ | $ | (246) | ​ | $ | (246) | ​ | $ | (358)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2022 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Sales: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Product | ​ | $ | 2,516 | ​ | $ | 518 | ​ | $ | 33,654 | ​ | $ | 34,172 | ​ | $ | 36,688
Service | ​ |  | 1,327 | ​ |  | 325 | ​ |  | 16,021 | ​ |  | 16,346 | ​ |  | 17,673
Total sales | ​ | $ | 3,843 | ​ | $ | 843 | ​ | $ | 49,675 | ​ | $ | 50,518 | ​ | $ | 54,361
Operating (loss) income | ​ | $ | (4,888) | ​ | $ | (204) | ​ | $ | 5,052 | ​ | $ | 4,848 | ​ | $ | (40)
Interest expense | ​ | $ | (48) | ​ | $ | — | ​ | $ | (312) | ​ | $ | (312) | ​ | $ | (360)
Interest income | ​ | $ | 40 | ​ | $ | 53 | ​ | $ | 557 | ​ | $ | 610 | ​ | $ | 650
Total assets | ​ | $ | 8,855 | ​ | $ | 10,069 | ​ | $ | 56,138 | ​ | $ | 66,207 | ​ | $ | 75,062
Capital expenditures | ​ | $ | (89) | ​ | $ | — | ​ | $ | (145) | ​ | $ | (145) | ​ | $ | (234)
Depreciation and amortization | ​ | $ | (118) | ​ | $ | — | ​ | $ | (241) | ​ | $ | (241) | ​ | $ | (359)
​ Operating (loss) income from operations is sales less cost of sales, engineering and development, selling, general and administrative expenses but is not affected by either non-operating charges/income or by income taxes. Non-operating charges/income consists principally of foreign exchange gain (loss), investment income, and interest expense. In fiscal year 2023 the Employee Retention Tax Credit was the largest non-operating income item, which did not occur in fiscal year 2022. All intercompany transactions have been eliminated. Our long-lived assets are located in North America. ​ ​ ​ ​ ​ The following table details the Company’s sales by operating segment for fiscal years ended September 30, 2023 and 2022. The Company’s sales by geographic area based on the location of where the products were shipped or services rendered are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | % of |
2023 | ​ | Americas | ​ | Europe | ​ | Asia | ​ | Total | ​ | Total | ​
​ | ​ | (Amounts in thousands) |
TS | ​ | $ | 56,584 | ​ | $ | 1,094 | ​ | $ | 96 | ​ | $ | 57,774 | ​ | 89 | %
HPP |  | ​ | 6,179 |  | ​ | 335 |  | ​ | 359 |  | ​ | 6,873 |  | 11 | %
Total | ​ | $ | 62,763 | ​ | $ | 1,429 | ​ | $ | 455 | ​ | $ | 64,647 |  | 100 | %
% of Total | ​ |  | 97 | % |  | 2 | % |  | 1 | % |  | 100 | % |  | ​
2022 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  |  |  | ​
TS | ​ | $ | 49,285 | ​ | $ | 1,069 | ​ | $ | 164 | ​ | $ | 50,518 | ​ | 93 | %
HPP | ​ |  | 3,201 |  | ​ | 338 |  | ​ | 304 |  | ​ | 3,843 |  | 7 | %
Total | ​ | $ | 52,486 | ​ | $ | 1,407 | ​ | $ | 468 | ​ | $ | 54,361 |  | 100 | %
% of Total | ​ |  | 96 | % |  | 3 | % |  | 1 | % |  | 100 | % |  | ​
​ The following table lists customers from which the Company derived revenues in excess of 10% of total revenues for the years ended years ended September 30, 2023 and 2022. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended September 30, | ​
​ | ​ | 2023 | ​ | ​ | 2022 | ​
​ | ​ | (in millions) | ​ | ​ | (in millions) | ​
​ | ​ | Customer | ​ | % of Total | ​ | ​ | Customer | ​ | % of Total | ​
​ |  | Revenues |  | Revenues |  | ​ | Revenues |  | Revenues |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Customer A | ​ | $ | 2.8 | ​ | 4 | % | ​ | $ | 10.4 | ​ | 19 | %
​ In addition, accounts receivable from Customer A totaled approximately $7.4 million, or 30%, and approximately $15.8 million, or 52%, of total consolidated accounts receivable as of September 30, 2023 and September 30, 2022, respectively. We believe that the Company is not exposed to any significant credit risk with respect to the accounts receivable with this customer as of September 30, 2023. No other customers accounted for 10% or more of total consolidated accounts receivable as of September 30, 2023.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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