XML 25 R14.htm IDEA: XBRL DOCUMENT v3.25.2
Note 8 - Segment Information
 9 Months Ended
Jul. 31, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

Note 8 – Segment information

 

We aggregate operating divisions into two reporting segments that have similar economic characteristics primarily in the following areas: (1) the nature of the product and services; (2) the nature of the production process; (3) the type or class of customer for their products and services; (4) the methods used to distribute their products or services; and (5) if applicable, the nature of the regulatory environment. Based upon this evaluation, as of July 31, 2025, we had two reportable segments – RF Connector and Cable Assembly (“RF Connector”) segment and Custom Cabling Manufacturing and Assembly (“Custom Cabling”) segment.

 

The RF Connector segment consists of three divisions and the Custom Cabling segment also consists of three divisions. The six divisions that met the quantitative thresholds for segment reporting are the RF Connector and Cable Assembly division (“RF Connector division”), Cables Unlimited, Rel-Tech, C Enterprises, Schrofftech, and Microlab. While each segment has similar products and services, there was little overlapping of these services to their customer base. The biggest difference in segments is in the channels of sales; sales or products and services for the RF Connector segment were primarily through the distribution channel, while the Custom Cabling segment sales were through a combination of distribution and direct to end customer.

 

As reviewed by our chief operating decision maker, we evaluate the performance of each segment based on income or loss before income taxes. We charge depreciation and amortization directly to each division within the segment. Accounts receivable, inventory, property and equipment, right-of-use assets, goodwill and intangible assets are the only assets identified by segment. Except as discussed above, the accounting policies for segment reporting are the same for the Company as a whole.

 

All of our operations are conducted in the United States; however, we derive a portion of our revenue from export sales. We attribute sales to geographic areas based on the location of the customers. The following table presents the sales by geographic area for the three and nine months ended July 31, 2025 and 2024 (in thousands):

 

   

Three Months Ended July 31,

    

Nine Months Ended July 31,

  
   

2025

    

2024

    

2025

    

2024

  
                                 

United States

   $ 18,432     $ 15,473     $ 52,952     $ 41,948  

Foreign Countries:

                                

Canada

     1,052       765       3,678       2,595  

Germany

     138       23       305       118  

All Other

     168       575       965       1,743  
      1,358       1,363       4,948       4,456  
                                 

Totals

   $ 19,790     $ 16,836     $ 57,900     $ 46,404  

 

Net sales, (loss) income before provision for income taxes and other related segment information for the three months ended July 31, 2025 and 2024 are as follows (in thousands):

 

   

RF Connector

    

Custom Cabling

                  
   

and

   

Manufacturing and

                 

2025

  

Cable Assembly

    

Assembly

    

Corporate

    

Total

  

Net sales

   $ 9,230     $ 10,560     $ -     $ 19,790  

(Loss) income before provision for income taxes

     (1,424 )     2,144       (240 )     480  

Depreciation and amortization

     518       99       -       617  

Total assets

     45,675       22,398       5,128       73,201  

Expenditures for Segment Assets

     60       48       -       108  
                                 

2024

                                

Net sales

   $ 9,697     $ 7,139     $ -     $ 16,836  

(Loss) income before provision for income taxes

     (715 )     297       (339 )     (757 )

Depreciation and amortization

     525       113       -       638  

Total assets

     49,355       18,112       4,393       71,860  

Expenditures for Segment Assets

     249       3       -       252  

 

Net sales, (loss) income before provision for income taxes and other related segment information for the nine months ended July 31, 2025 and 2024 are as follows (in thousands):

 

   

RF Connector

    

Custom Cabling

                  
   

and

   

Manufacturing and

                 

2025

  

Cable Assembly

    

Assembly

    

Corporate

    

Total

  

Net sales

   $ 27,311     $ 30,589     $ -     $ 57,900  

(Loss) income before provision for income taxes

     (4,209 )     5,265       (894 )     161  

Depreciation and amortization

     1,554       294       -       1,848  

Total assets

     45,675       22,398       5,128       73,201  

Expenditures for Segment Assets

     83       86       -       169  
                                 

2024

                                

Net sales

   $ 28,406     $ 17,998     $ -     $ 46,404  

(Loss) income before provision for income taxes

     (3,104 )     386       (877 )     (3,595 )

Depreciation and amortization

     1,610       294       -       1,904  

Total assets

     49,355       18,112       4,393       71,860  

Expenditures for Segment Assets

     544       20       -       564