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Segment Information
6 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Segment Information

16.            Segment Information

The following tables present certain operating segment information for the three and six months ended March 31, 2020 and 2019.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technology Solutions Segment

 

 

 

 

 

High

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

United

 

 

 

 

 

 

 

Consolidated

For the three months ended March 31, 

    

Segment

    

Kingdom

    

U.S.

    

Total

    

Total

 

 

(Amounts in thousands)

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

$

922

 

$

184

 

$

11,190

 

$

11,374

 

$

12,296

Service

 

 

553

 

 

84

 

 

3,162

 

 

3,246

 

 

3,799

Total sales

 

$

1,475

 

$

268

 

$

14,352

 

$

14,620

 

$

16,095

Income (loss) from operations

 

$

(1,024)

 

$

(50)

 

$

931

 

$

881

 

$

(143)

Total assets

 

$

8,685

 

$

10,757

 

$

34,069

 

$

44,826

 

$

53,511

Capital expenditures

 

 

29

 

 

 —

 

 

 4

 

 

 4

 

 

33

Depreciation and amortization

 

 

57

 

 

 —

 

 

57

 

 

57

 

 

114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Sales:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Product

 

$

1,375

 

$

1,888

 

$

10,340

 

$

12,228

 

$

13,603

Service

 

 

239

 

 

95

 

 

2,413

 

 

2,508

 

 

2,747

Total sales

 

$

1,614

 

$

1,983

 

$

12,753

 

$

14,736

 

$

16,350

Income (loss) from operations

 

$

(1,093)

 

$

106

 

$

216

 

$

322

 

$

(771)

Total assets

 

$

12,583

 

$

13,222

 

$

26,525

 

$

39,747

 

$

52,330

Capital expenditures

 

 

37

 

 

 —

 

 

 —

 

 

 —

 

 

37

Depreciation and amortization

 

 

55

 

 

 1

 

 

44

 

 

45

 

 

100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technology Solutions Segment

 

 

 

 

 

High

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

United

 

 

 

 

 

 

 

Consolidated

For the six months ended March 31, 

    

Segment

    

Kingdom

    

U.S.

    

Total

    

Total

 

 

(Amounts in thousands)

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

$

1,689

 

$

737

 

$

23,092

 

$

23,829

 

$

25,518

Service

 

 

827

 

 

210

 

 

6,112

 

 

6,322

 

 

7,149

Total sales

 

$

2,516

 

$

947

 

$

29,204

 

$

30,151

 

$

32,667

Income (loss) from operations

 

$

(2,287)

 

$

(47)

 

$

1,789

 

$

1,742

 

$

(545)

Total assets

 

$

8,685

 

$

10,757

 

$

34,069

 

$

44,826

 

$

53,511

Capital expenditures

 

 

63

 

 

 —

 

 

177

 

 

177

 

 

240

Depreciation and amortization

 

 

115

 

 

 3

 

 

121

 

 

124

 

 

239

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Sales:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Product

 

$

3,108

 

$

3,620

 

$

22,586

 

$

26,206

 

$

29,314

Service

 

 

532

 

 

165

 

 

5,319

 

 

5,484

 

 

6,016

Total sales

 

$

3,640

 

$

3,785

 

$

27,905

 

$

31,690

 

$

35,330

Income (loss) from operations

 

$

(1,920)

 

$

132

 

$

1,032

 

$

1,164

 

$

(756)

Total assets

 

$

12,583

 

$

13,222

 

$

26,525

 

$

39,747

 

$

52,330

Capital expenditures

 

 

240

 

 

 —

 

 

28

 

 

28

 

 

268

Depreciation and amortization

 

 

108

 

 

 3

 

 

95

 

 

98

 

 

206

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 investment income, interest income from transactions with payment terms exceeding one year (see Note 6 for details), and interest expense. All intercompany transactions have been eliminated.

The following table lists customers from which the Company derived revenues in excess of 10% of total revenues for the three and six months ended March 31, 2020 and 2019.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended March 31, 

 

For the six months ended March 31, 

 

 

 

2020

 

2019

 

2020

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer

 

% of Total

 

Customer

 

% of Total

 

Customer

 

% of Total

 

Customer

 

% of Total

 

 

    

Revenues

    

Revenues

    

Revenues

    

Revenues

    

Revenues

    

Revenues

    

Revenues

    

Revenues

    

 

 

(Dollar amounts in millions)

 

Customer A

 

$

0.5

 

 3

%

$

1.7

 

11

%

$

3.1

 

10

%

$

3.0

 

 9

%

Customer B

 

$

2.0

 

13

%

$

1.0

 

 6

%

$

3.8

 

12

%

$

2.0

 

 6

%

 

Customer B totaled approximately $5.6 million, or 31% and approximately $7.4 million, or 36% of total consolidated accounts receivable and long-term receivable as of March 31, 2020 and September 30, 2019, respectively. There were no other customers that were 10% or more of total consolidated accounts receivable and long-term receivable as of March 31, 2020. We believe that the Company is not exposed to any significant credit risk with respect to the accounts receivable with any customers as of March 31, 2020.