Segment Reporting

3 Months Ended

Dec. 31, 2021

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. In addition, this segment offers its customers decommissioning services for surplus and obsolete equipment, which it in turn processes through its recycling program.

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.

(in thousands)	Three Months Ended
	December 31, 2021		December 31, 2020
Sales
Wireless	$	7,119	$	5,247
Telco	11,571		7,502
Total sales	$	18,690	$	12,749
Gross profit
Wireless	$	1,507	$	1,609
Telco	3,124		2,020
Total gross profit	$	4,631	$	3,629
Income (loss) from operations
Wireless	$	(2,326)	$	(1,105)
Telco	424		(809)
Total loss from operations	$	(1,902)	$	(1,914)

(in thousands)	December 31, 2021		September 30, 2021
Segment assets
Wireless	$	7,640	$	7,867
Telco	14,545		14,472
Non-allocated	3,241		4,973
Total assets	$	25,426	$	27,312