Note 12 - Segment Information

9 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

12. Segment Information

The Company reports and evaluates financial information for three operating business segments: Oil and Gas Markets, Adjacent Markets and Emerging Markets. The Oil and Gas Markets segment's products include wireless seismic data acquisition systems, reservoir characterization products and services, and traditional seismic exploration products such as geophones, hydrophones, leader wire, connectors, cables, marine streamer retrieval and steering devices and various other seismic products. The Adjacent Markets segment's products include imaging equipment, water meter products, remote shut-off valves and Internet of Things (IoT) platform, as well as and seismic sensors used for vibration monitoring and geotechnical applications such as mine safety applications and earthquake detection. The Emerging Markets segment designs and markets seismic products targeted at the border and perimeter security markets.

The following table summarizes the Company’s segment information (in thousands):

	Three Months Ended						Nine Months Ended
	June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2023
Revenue:
Oil and Gas Markets	$	9,174		$	17,672		$	59,930		$	56,239
Adjacent Markets		15,970			14,862			38,020			38,392
Emerging Markets		640			109			1,987			393
Corporate		74			72			223			170
Total	$	25,858		$	32,715		$	100,160		$	95,194
Income (loss) from operations:
Oil and Gas Markets	$	(2,302	)	$	3,238		$	9,126		$	9,820
Adjacent Markets		4,661			4,346			9,491			9,148
Emerging Markets		(1,148	)		(1,047	)		(2,424	)		(3,267	)
Corporate		(3,604	)		(3,391	)		(10,255	)		(8,457	)
Total	$	(2,393	)	$	3,146		$	5,938		$	7,244

The Company's manufacturing operations for its operating business segments are combined.  Therefore, the Company does not segregate and report separate balance sheet accounts for each of its segments and therefore, no total asset information is presented in the table above.