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Segment Information
 3 Months Ended
Dec. 31, 2024
Segment Information  
Segment Information

14.          Segment Information

The following tables present certain operating segment information for the three months ended December 31, 2024 and 2023.

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Technology Solutions Segment

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High

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Performance

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Products

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United

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Consolidated

Three months ended December 31,

    

Segment

    

Kingdom

    

U.S.

    

Total

    

Total

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(Amounts in thousands)

2024

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​

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​

​

Sales:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

Product

​

$

82

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$

133

​

$

10,800

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$

10,933

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$

11,015

Service

​

 

348

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47

​

 

4,260

​

 

4,307

​

 

4,655

Total sales

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$

430

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$

180

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$

15,060

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$

15,240

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$

15,670

Operating (loss) income

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$

(1,673)

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$

(95)

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$

1,414

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$

1,319

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$

(354)

Stock compensation expense

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$

(273)

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$

—

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$

(234)

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$

(234)

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$

(507)

Interest expense

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$

(2)

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$

—

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$

(75)

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$

(75)

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$

(77)

Interest income

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$

1

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$

49

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$

439

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$

488

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$

489

Total assets

​

$

9,903

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$

7,573

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$

50,047

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$

57,620

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$

67,523

Capital expenditures

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$

(1)

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$

—

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$

(46)

​

$

(46)

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$

(47)

Depreciation and amortization

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$

(20)

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$

—

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$

(43)

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$

(43)

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$

(63)

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2023

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​

 

  

​

 

  

Sales:

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​

 

  

​

 

  

​

 

  

​

 

  

Product

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$

472

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$

312

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$

10,623

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$

10,935

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$

11,407

Service

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240

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69

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3,659

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3,728

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3,968

Total sales

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$

712

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$

381

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$

14,282

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$

14,663

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$

15,375

Operating (loss) income

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$

(1,345)

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$

3

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$

999

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$

1,002

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$

(343)

Stock compensation expense

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$

(126)

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$

—

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$

(170)

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$

(170)

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$

(296)

Interest expense

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$

(4)

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$

—

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$

(45)

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$

(45)

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$

(49)

Interest income

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$

6

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$

54

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$

436

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$

490

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$

496

Total assets

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$

9,417

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$

7,595

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$

50,415

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$

58,010

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$

67,427

Capital expenditures

​

$

(106)

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$

—

​

$

(14)

​

$

(14)

​

$

(120)

Depreciation and amortization

​

$

(28)

​

$

—

​

$

(51)

​

$

(51)

​

$

(79)

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Operating income (loss) from operations 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 taxes expense (benefit). Non-operating expenses/income consists principally of interest income from transactions with payment terms exceeding one year (see Note 5, Financing receivables, net for details), interest income from cash and cash equivalents, and interest expense. All intercompany transactions have been eliminated.

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Concentrations of Credit Risk

All customers below are in the U.S. division of our TS segment. Each customer’s letter (e.g. “Customer A”) does not change meaning if Customer A is in multiple tables it is the same customer.

Below are customers with 10% or more of accounts receivables as of December 31, 2024 or September 30, 2024.

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As of December 31, 2024

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As of September 30, 2024

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(Amounts in millions)

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% of Total

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% of Total

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Accounts receivable

    

Accounts receivable

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Accounts receivable

    

Accounts receivable

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Customer A

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$

1.8

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12

%

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$

3.0

​

20

%

Customer D

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$

2.0

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13

%

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$

1.3

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9

%

Customer E

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$

1.8

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12

%

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$

1.9

​

13

%

Customer F

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$

1.8

​

12

%

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$

0.9

​

6

%

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Below are customers with 10% or more of financing receivables as of December 31, 2024 or September 30, 2024.

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As of December 31, 2024

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As of September 30, 2024

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(Amounts in millions)

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% of Total

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% of Total

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Financing Receivables

    

Financing Receivables

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Financing Receivables

    

Financing Receivables

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Customer A

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$

1.8

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34

%

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$

3.0

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41

%

Customer B

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$

1.8

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36

%

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$

1.9

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25

%

Customer C

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$

0.3

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5

%

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$

1.3

​

18

%

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The following table lists customers from which the Company derived revenues of 10% or more of total revenues for the three months ended December 31, 2024 and 2023.

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Three months ended December 31,

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2024

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2023

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(Amounts in millions)

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Customer

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% of Total

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Customer

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% of Total

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Revenues

    

Revenues

    

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Revenues

    

Revenues

    

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Customer C

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$

0.1

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1

%

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$

2.6

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17

%

Customer F

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$

2.6

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16

%

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$

—

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-

%

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