Segment Reporting

6 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The Company is reporting its financial performance based on its external reporting segments: Wireless Infrastructure Services and Telecommunications.  These reportable segments are described below.

Wireless Infrastructure Services (“Wireless”) The Company's Wireless segment provides turn-key wireless infrastructure services for the four major U.S. wireless carriers, communication tower companies, national integrators, and original equipment manufacturers that support these wireless carriers.  These services primarily consist of the installation and upgrade of technology on cell sites and the construction of new small cells for 5G.

Telecommunications (“Telco”) The Company’s Telco segment sells new and refurbished telecommunications networking equipment, including both central office and customer premise equipment, to its customer base of

telecommunications providers, enterprise customers and resellers located primarily in North America. This segment also offers its customers repair and testing services for telecommunications networking equipment.

The Company evaluates performance and allocates its resources based on operating income. The accounting policies of its reportable segments are the same as those described in the summary of significant accounting policies. Segment assets consist primarily of cash and cash equivalents, accounts receivable, inventory, property and equipment, goodwill and intangible assets. The Company allocates its corporate general and administrative expenses to the reportable segments.

	Three Months Ended				Six Months Ended
(in thousands)	March 31, 2022		March 31, 2021		March 31, 2022		March 31, 2021
Sales
Wireless	$	7,766	$	4,334	$	14,885	$	9,581
Telco	15,993		8,333		27,564		15,835
Total sales	$	23,759	$	12,667	$	42,449	$	25,416
Gross profit
Wireless	$	1,537	$	1,527	$	3,044	$	3,136
Telco	4,221		1,654		7,345		3,674
Total gross profit (loss)	$	5,758	$	3,181	$	10,389	$	6,810
Loss from operations
Wireless	$	(2,203)	$	(1,537)	$	(4,528)	$	(2,642)
Telco	1,038		(1,510)		1,462		(2,319)
Total loss from operations	$	(1,165)	$	(3,047)	$	(3,066)	$	(4,961)

(in thousands)	March 31, 2022		September 30, 2021
Segment assets
Wireless	$	9,290	$	7,867
Telco	9,256		14,472
Non-allocated	5,326		4,973
Total assets	$	23,872	$	27,312