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Segment Information

9 Months Ended

Jun. 30, 2023

Segment Information

Segment Information

15.          Segment Information

The following tables present certain operating segment information for the three and nine months ended June 30, 2023 and 2022.

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	Technology Solutions Segment								​	​	​
​	​	High		​	​	​	​	​	​	​	​	​	​	​	​
​	​	Performance		​	​	​	​	​	​	​	​	​	​	​	​
​	​	Products		​	United		​	​	​	​	​	​	​	Consolidated
Three months ended June 30,		Segment			Kingdom			U.S.			Total			Total
​	​	(Amounts in thousands)
2023	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Sales:	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Product	​	$	996	​	$	141	​	$	11,797	​	$	11,938	​	$	12,934
Service	​		339	​		65	​		4,370	​		4,435	​		4,774
Total sales	​	$	1,335	​	$	206	​	$	16,167	​	$	16,373	​	$	17,708
Operating (loss) income	​	$	(850)	​	$	(10)	​	$	1,435	​	$	1,425	​	$	575
Interest expense	​	$	(3)	​	$	—	​	$	(79)	​	$	(79)	​	$	(82)
Interest income	​	$	2	​	$	47	​	$	352	​	$	399	​	$	401
Total assets	​	$	10,165	​	$	6,914	​	$	50,524	​	$	57,438	​	$	67,603
Capital expenditures	​	$	27	​	$	—	​	$	7	​	$	7	​	$	34
Depreciation and amortization	​	$	27	​	$	—	​	$	64	​	$	64	​	$	91
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
2022	​			​			​			​			​
Sales:	​			​			​			​			​
Product	​	$	427	​	$	128	​	$	7,883	​	$	8,011	​	$	8,438
Service	​		311	​		83	​		4,494	​		4,577	​		4,888
Total sales	​	$	738	​	$	211	​	$	12,377	​	$	12,588	​	$	13,326
Operating (loss) income	​	$	(1,370)	​	$	(29)	​	$	1,418	​	$	1,389	​	$	19
Interest expense	​	$	(11)	​	$	—	​	$	(69)	​	$	(69)	​	$	(80)
Interest income	​	$	38	​	$	12	​	$	108	​	$	120	​	$	158
Total assets	​	$	8,862	​	$	9,057	​	$	46,597	​	$	55,654	​	$	64,516
Capital expenditures	​	$	27	​	$	—	​	$	1	​	$	1	​	$	28
Depreciation and amortization	​	$	28	​	$	—	​	$	51	​	$	51	​	$	79

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	Technology Solutions Segment								​	​	​
​	​	High		​	​	​	​	​	​	​	​	​	​	​	​
​	​	Performance		​	​	​	​	​	​	​	​	​	​	​	​
​	​	Products		​	United		​	​	​	​	​	​	​	Consolidated
Nine months ended June 30,		Segment			Kingdom			U.S.			Total			Total
​	​	(Amounts in thousands)
2023	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Sales:	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Product	​	$	4,130	​	$	507	​	$	31,506	​	$	32,013	​	$	36,143
Service	​		1,170	​		244	​		11,764	​		12,008	​		13,178
Total sales	​	$	5,300	​	$	751	​	$	43,270	​	$	44,021	​	$	49,321
Operating (loss) income	​	$	(1,641)	​	$	(6)	​	$	3,823	​	$	3,817	​	$	2,176
Interest expense	​	$	(9)	​	$	—	​	$	(199)	​	$	(199)	​	$	(208)
Interest income	​	$	10	​	$	126	​	$	851	​	$	977	​	$	987
Total assets	​	$	10,165	​	$	6,914	​	$	50,524	​	$	57,438	​	$	67,603
Capital expenditures	​	$	67	​	$	—	​	$	148	​	$	148	​	$	215
Depreciation and amortization	​	$	83	​	$	—	​	$	186	​	$	186	​	$	269
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
2022	​			​			​			​			​
Sales:	​			​			​			​			​
Product	​	$	2,109	​	$	402	​	$	22,864	​	$	23,266	​	$	25,375
Service	​		836	​		280	​		11,185	​		11,465	​		12,301
Total sales	​	$	2,945	​	$	682	​	$	34,049	​	$	34,731	​	$	37,676
Operating (loss) income	​	$	(3,477)	​	$	(120)	​	$	3,196	​	$	3,076	​	$	(401)
Interest expense	​	$	(42)	​	$	—	​	$	(244)	​	$	(244)	​	$	(286)
Interest income	​	$	39	​	$	23	​	$	367	​	$	390	​	$	429
Total assets	​	$	8,862	​	$	9,057	​	$	46,597	​	$	55,654	​	$	64,516
Capital expenditures	​	$	87	​	$	—	​	$	136	​	$	136	​	$	223
Depreciation and amortization	​	$	91	​	$	—	​	$	168	​	$	168	​	$	259

​

Operating income (loss) consists of sales less cost of sales, engineering and development expenses, and selling, general and administrative expenses but is not affected by either other income (expense) or by income tax expense (benefit). Non-operating expenses/income consists principally of interest income from transactions with payment terms exceeding one year (see Note 6, “Accounts and Long-Term Receivable” for details) and interest income from money market accounts in fiscal year 2023 year as interest rates have increased significantly, and interest expense primarily from multi-year agreements with vendors (see Note 9, “Accounts payable and other noncurrent liabilities”). All intercompany transactions have been eliminated.

The following table lists customers from which the Company derived revenues of 10% or more of total revenues for the three and nine months ended June 30, 2023 and 2022.

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Three months ended June 30,

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​

Nine months ended June 30,

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​

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2023

​

​

2022

​

​

2023

​

​

2022

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​

​

​

​

​

​

​

​

​

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​

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(in millions)

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(in millions)

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​

​

Customer

​

% of Total

​

​

Customer

​

% of Total

​

​

Customer

​

% of Total

​

​

Customer

​

% of Total

​

​

Revenues

Revenues

​

Revenues

Revenues

​

Revenues

Revenues

​

Revenues

Revenues

​

​

(Amounts in millions)

​

Customer A

​

$

0.5

​

3

%

​

$

2.1

​

15

%

​

$

2.8

​

6

%

​

$

6.4

​

17

%

Customer B

​

$

2.3

​

13

%

​

$

0.4

​

3

%

​

$

4.1

​

8

%

​

$

1.1

​

3

%

​

One customer, not listed above, had a balance of $12.2 million, or 38%, of total consolidated accounts receivable and long-term receivable as of June 30, 2023 and a balance of $15.8 million, or 52%, of total consolidated accounts receivable and long-term receivable as of September 30, 2022. There were no other customers with more than 10% of total consolidated accounts receivable and long-term receivable as of June 30, 2023. We believe that the Company is not exposed to any significant credit risk with respect to the accounts receivable with any customers as of June 30, 2023.

X

- References

No definition available.

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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

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-Publisher FASB
-Name Accounting Standards Codification
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