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v3.25.1

Segment Information | 6 Months Ended
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Mar. 31, 2025
Segment Information |
Segment Information | 14. Segment Information Our reporting segments are aligned to how Victor Dellovo, CEO, who is 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 tables present certain operating segment information for the three and six months ended March 31, 2025 and 2024. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Technology Solutions Segment | ​ | ​ | ​
​ | ​ | High | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Performance | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Products | ​ | United | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Consolidated
Three months ended March 31, |  | Segment |  | Kingdom |  | U.S. |  | Total |  | Total
​ | ​ | (Amounts in thousands)
2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sales: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Product | ​ | $ | 273 | ​ | $ | 417 | ​ | $ | 7,862 | ​ | $ | 8,279 | ​ | $ | 8,552
Service | ​ |  | 374 | ​ |  | 62 | ​ |  | 4,159 | ​ |  | 4,221 | ​ |  | 4,595
Total sales | ​ | $ | 647 | ​ | $ | 479 | ​ | $ | 12,021 | ​ | $ | 12,500 | ​ | $ | 13,147
Operating (loss) income | ​ | $ | (1,566) | ​ | $ | (20) | ​ | $ | 592 | ​ | $ | 572 | ​ | $ | (994)
Interest expense | ​ | $ | (3) | ​ | $ | — | ​ | $ | (74) | ​ | $ | (74) | ​ | $ | (77)
Interest income | ​ | $ | 1 | ​ | $ | 43 | ​ | $ | 370 | ​ | $ | 413 | ​ | $ | 414
Total assets | ​ | $ | 11,544 | ​ | $ | 8,061 | ​ | $ | 47,517 | ​ | $ | 55,578 | ​ | $ | 67,122
Capital expenditures | ​ | $ | (2) | ​ | $ | — | ​ | $ | (5) | ​ | $ | (5) | ​ | $ | (7)
Depreciation and amortization | ​ | $ | (18) | ​ | $ | — | ​ | $ | (41) | ​ | $ | (41) | ​ | $ | (59)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2024 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Sales: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Product | ​ | $ | 2,043 | ​ | $ | 61 | ​ | $ | 6,354 | ​ | $ | 6,415 | ​ | $ | 8,458
Service | ​ |  | 459 | ​ |  | 60 | ​ |  | 4,729 | ​ |  | 4,789 | ​ | ​ | 5,248
Total sales | ​ | $ | 2,502 | ​ | $ | 121 | ​ | $ | 11,083 | ​ | $ | 11,204 | ​ | $ | 13,706
Operating income (loss) | ​ | $ | 266 | ​ | $ | (56) | ​ | $ | 1,024 | ​ | $ | 968 | ​ | $ | 1,234
Interest expense | ​ | $ | (3) | ​ | $ | — | ​ | $ | (43) | ​ | $ | (43) | ​ | $ | (46)
Interest income | ​ | $ | 6 | ​ | $ | 54 | ​ | $ | 418 | ​ | $ | 472 | ​ | $ | 478
Total assets | ​ | $ | 11,599 | ​ | $ | 7,581 | ​ | $ | 45,020 | ​ | $ | 52,601 | ​ | $ | 64,200
Capital expenditures | ​ | $ | (12) | ​ | $ | — | ​ | $ | (2) | ​ | $ | (2) | ​ | $ | (14)
Depreciation and amortization | ​ | $ | (25) | ​ | $ | — | ​ | $ | (50) | ​ | $ | (50) | ​ | $ | (75)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Technology Solutions Segment | ​ | ​ | ​
​ | ​ | High | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Performance | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Products | ​ | United | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Consolidated
Six months ended March 31, |  | Segment |  | Kingdom |  | U.S. |  | Total |  | Total
​ | ​ | (Amounts in thousands)
2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sales: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Product | ​ | $ | 355 | ​ | $ | 550 | ​ | $ | 18,662 | ​ | $ | 19,212 | ​ | $ | 19,567
Service | ​ |  | 722 | ​ |  | 109 | ​ |  | 8,419 | ​ |  | 8,528 | ​ |  | 9,250
Total sales | ​ | $ | 1,077 | ​ | $ | 659 | ​ | $ | 27,081 | ​ | $ | 27,740 | ​ | $ | 28,817
Operating (loss) income | ​ | $ | (3,239) | ​ | $ | (115) | ​ | $ | 2,006 | ​ | $ | 1,891 | ​ | $ | (1,348)
Interest expense | ​ | $ | (5) | ​ | $ | — | ​ | $ | (149) | ​ | $ | (149) | ​ | $ | (154)
Interest income | ​ | $ | 2 | ​ | $ | 92 | ​ | $ | 809 | ​ | $ | 901 | ​ | $ | 903
Total assets | ​ | $ | 11,544 | ​ | $ | 8,061 | ​ | $ | 47,517 | ​ | $ | 55,578 | ​ | $ | 67,122
Capital expenditures | ​ | $ | (3) | ​ | $ | — | ​ | $ | (51) | ​ | $ | (51) | ​ | $ | (54)
Depreciation and amortization | ​ | $ | (38) | ​ | $ | — | ​ | $ | (84) | ​ | $ | (84) | ​ | $ | (122)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2024 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Sales: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Product | ​ | $ | 2,515 | ​ | $ | 373 | ​ | $ | 16,977 | ​ | $ | 17,350 | ​ | $ | 19,865
Service | ​ |  | 699 | ​ |  | 129 | ​ |  | 8,388 | ​ |  | 8,517 | ​ |  | 9,216
Total sales | ​ | $ | 3,214 | ​ | $ | 502 | ​ | $ | 25,365 | ​ | $ | 25,867 | ​ | $ | 29,081
Operating (loss) income | ​ | $ | (1,079) | ​ | $ | (53) | ​ | $ | 2,023 | ​ | $ | 1,970 | ​ | $ | 891
Interest expense | ​ | $ | (7) | ​ | $ | — | ​ | $ | (88) | ​ | $ | (88) | ​ | $ | (95)
Interest income | ​ | $ | 12 | ​ | $ | 108 | ​ | $ | 854 | ​ | $ | 962 | ​ | $ | 974
Total assets | ​ | $ | 11,599 | ​ | $ | 7,581 | ​ | $ | 45,020 | ​ | $ | 52,601 | ​ | $ | 64,200
Capital expenditures | ​ | $ | (118) | ​ | $ | — | ​ | $ | (16) | ​ | $ | (16) | ​ | $ | (134)
Depreciation and amortization | ​ | $ | (53) | ​ | $ | — | ​ | $ | (101) | ​ | $ | (101) | ​ | $ | (154)
​ Operating (loss) income 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 5 Financing receivables, net for details) and interest income from money market accounts, and interest expense primarily from multi-year agreements with vendors (see Note 8 Accounts payable and other noncurrent liabilities). All intercompany transactions have been eliminated. Concentrations of Credit Risk All customers below, excluding Customer E, 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. There were no customers with 10% or more of accounts receivable as of March 31, 2025 or September 30, 2024. ​ ​ ​ ​ ​ ​ Below are customers with 10% or more of financing receivables as of March 31, 2025 or September 30, 2024. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of March 31, 2025 | ​ | ​ | As of September 30, 2024 | ​
​ | ​ | (Amounts in millions) | ​
​ | ​ | ​ | ​ | % of Total | ​ | ​ | ​ | ​ | % of Total | ​
​ | ​ | Financing Receivables |  | Financing Receivables | ​ | Financing Receivables |  | Financing Receivables
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Customer A | ​ | $ | 1.5 | ​ | 23 | % | ​ | $ | 3.0 | ​ | 41 | %
Customer B | ​ | $ | 1.9 | ​ | 30 | % | ​ | $ | 1.9 | ​ | 25 | %
Customer C | ​ | $ | 0.3 | ​ | 4 | % | ​ | $ | 1.3 | ​ | 18 | %
Customer D | ​ | $ | 1.1 | ​ | 17 | % | ​ | $ | — | ​ | - | %
​ The following table lists customers from which the Company derived revenues of 10% or more of total revenues for the three and six months ended March 31, 2025 and 2024. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended March 31, | ​ | ​ | Six months ended March 31, | ​
​ | ​ | 2025 | ​ | ​ | 2024 | ​ | ​ | 2025 | ​ | ​ | 2024 | ​
​ | ​ | (Amounts in millions) | ​ | ​ | (Amounts in millions) | ​
​ | ​ | Customer | ​ | % of Total | ​ | ​ | Customer | ​ | % of Total | ​ | ​ | Customer | ​ | % of Total | ​ | ​ | Customer | ​ | % of Total | ​
​ |  | Revenues |  | Revenues |  | ​ | Revenues |  | Revenues |  | ​ | Revenues |  | Revenues |  | ​ | Revenues |  | Revenues |
​ | ​ | (Amounts in millions) | ​
Customer E | ​ | $ | 0.1 | ​ | 1 | % | ​ | $ | 2.1 | ​ | 15 | % | ​ | $ | 0.2 | ​ | 1 | % | ​ | $ | 2.1 | ​ | 7 | %
Customer F | ​ | $ | 1.5 | ​ | 11 | % | ​ | $ | 0.3 | ​ | 2 | % | ​ | $ | 2.6 | ​ | 9 | % | ​ | $ | 0.8 | ​ | 3 | %
​

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