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v3.24.4

Segment Information | 12 Months Ended
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Sep. 30, 2024
Segment Information |
Segment Information | 18. Segment Information Our reporting segments are aligned to how the Chief Operating Decision Maker allocates resources and assesses performance against the Company’s strategies and budgets. It is also consistent with how we manage the business and view the markets we serve. 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)
2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sales: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Product | ​ | $ | 2,599 | ​ | $ | 594 | ​ | $ | 33,600 | ​ | $ | 34,194 | ​ | $ | 36,793
Service | ​ |  | 1,555 | ​ |  | 260 | ​ |  | 16,611 | ​ |  | 16,871 | ​ |  | 18,426
Total sales | ​ | $ | 4,154 | ​ | $ | 854 | ​ | $ | 50,211 | ​ | $ | 51,065 | ​ | $ | 55,219
Operating (loss) income | ​ | $ | (4,845) | ​ | $ | (274) | ​ | $ | 3,247 | ​ | $ | 2,973 | ​ | $ | (1,872)
Interest expense | ​ | $ | (16) | ​ | $ | — | ​ | $ | (219) | ​ | $ | (219) | ​ | $ | (235)
Interest income | ​ | $ | 38 | ​ | $ | 218 | ​ | $ | 1,791 | ​ | $ | 2,009 | ​ | $ | 2,047
Stock compensation expense | ​ | $ | (774) | ​ | $ | — | ​ | $ | (805) | ​ | $ | (805) | ​ | $ | (1,579)
Total assets | ​ | $ | 9,554 | ​ | $ | 7,880 | ​ | $ | 52,002 | ​ | $ | 59,882 | ​ | $ | 69,436
Capital expenditures | ​ | $ | (137) | ​ | $ | — | ​ | $ | (59) | ​ | $ | (59) | ​ | $ | (196)
Depreciation and amortization | ​ | $ | (99) | ​ | $ | — | ​ | $ | (199) | ​ | $ | (199) | ​ | $ | (298)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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
Stock compensation expense | ​ | $ | (463) | ​ | $ | — | ​ | $ | (663) | ​ | $ | (663) | ​ | $ | (1,126)
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)
​ 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 2023. 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, 2024 and 2023. The Company’s sales by geographic area based on the location of where the products were shipped or services rendered are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | % of |
2024 | ​ | Americas | ​ | Europe | ​ | Asia-Pacific | ​ | Total | ​ | Total | ​
​ | ​ | (Amounts in thousands) |
TS | ​ | $ | 49,496 | ​ | $ | 1,119 | ​ | $ | 450 | ​ | $ | 51,065 | ​ | 92 | %
HPP |  | ​ | 3,812 |  | ​ | 6 |  | ​ | 336 |  | ​ | 4,154 |  | 8 | %
Total | ​ | $ | 53,308 | ​ | $ | 1,125 | ​ | $ | 786 | ​ | $ | 55,219 |  | 100 | %
% of Total | ​ |  | 97 | % |  | 2 | % |  | 1 | % |  | 100 | % |  | ​
2023 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  |  |  | ​
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 | % |  | ​
​

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- Definition The entire disclosure for reporting segments including data and tables. 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