Segment Information

9 Months Ended

Jun. 30, 2022

Segment Information

Segment Information

15.          Segment Information

The following tables present certain operating segment information for the three and nine months ended June 30, 2022 and 2021.

			Technology Solutions Segment
	High
	Performance
	Products		United						Consolidated
Three months ended June 30,	Segment		Kingdom		U.S.		Total		Total
	(Amounts in thousands)
2022
Sales:
Product	$	427	$	128	$	7,883	$	8,011	$	8,438
Service		311		83		4,494		4,577		4,888
Total sales	$	738	$	211	$	12,377	$	12,588	$	13,326
(Loss) income from operations	$	(1,370)	$	(29)	$	1,418	$	1,389	$	19
Total assets	$	8,862	$	9,057	$	46,597	$	55,654	$	64,516
Capital expenditures	$	27	$	—	$	1	$	1	$	28
Depreciation and amortization	$	28	$	—	$	51	$	51	$	79
2021
Sales:
Product	$	602	$	130	$	9,410	$	9,540	$	10,142
Service		356		83		3,140		3,223		3,579
Total sales	$	958	$	213	$	12,550	$	12,763	$	13,721
(Loss) income from operations	$	(1,372)	$	(95)	$	1,110	$	1,015	$	(357)
Total assets	$	8,501	$	9,942	$	42,113	$	52,055	$	60,556
Capital expenditures	$	11	$	—	$	30	$	30	$	41
Depreciation and amortization	$	41	$	—	$	50	$	50	$	91

			Technology Solutions Segment
	High
	Performance
	Products		United						Consolidated
Nine months ended June 30,	Segment		Kingdom		U.S.		Total		Total
	(Amounts in thousands)
2022
Sales:
Product	$	2,109	$	402	$	22,864	$	23,266	$	25,375
Service		836		280		11,185		11,465		12,301
Total sales	$	2,945	$	682	$	34,049	$	34,731	$	37,676
(Loss) income from operations	$	(3,477)	$	(120)	$	3,196	$	3,076	$	(401)
Total assets	$	8,862	$	9,057	$	46,597	$	55,654	$	64,516
Capital expenditures	$	87	$	—	$	136	$	136	$	223
Depreciation and amortization	$	91	$	—	$	168	$	168	$	259
2021
Sales:
Product	$	2,494	$	1,774	$	25,258	$	27,032	$	29,526
Service		908		260		8,503		8,763		9,671
Total sales	$	3,402	$	2,034	$	33,761	$	35,795	$	39,197
(Loss) income from operations	$	(3,565)	$	(130)	$	2,680	$	2,550	$	(1,015)
Total assets	$	8,501	$	9,942	$	42,113	$	52,055	$	60,556
Capital expenditures	$	18	$	—	$	66	$	66	$	84
Depreciation and amortization	$	134	$	—	$	159	$	159	$	293

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 6, “Accounts and Long-Term Receivable” for details), and interest expense. All intercompany transactions have been eliminated.

The following table lists customers from which the Company derived revenues of 10% or more of total revenues for the three and nine months ended June 30, 2022 and 2021.

	Three months ended June 30,								Nine months ended June 30,
	2022				2021				2022				2021
									(in millions)				(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 A	$	2.1	15	%	$	0.5	4	%	$	6.4	17	%	$	2.3	6	%
Customer B	$	0.2	1	%	$	1.4	11	%	$	0.7	2	%	$	2.2	6	%

Customer A had a balance of $9.2 million, or 38%, of total consolidated accounts receivable and long-term receivable as of June 30, 2022. There were no other customers with more than 10% of total consolidated accounts receivable and long-term receivable as of June 30, 2022. We believe that the Company is not exposed to any significant credit risk with respect to the accounts receivable with any customers as of June 30, 2022.