Segment Reporting

12 Months Ended

Dec. 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.

(in thousands)	Year Ended		Three Months Ended		Year Ended
	December 31,		December 31,		September 30,
	2022		2021		2021
Sales
Wireless	$	30,813	$	7,119	$	20,708
Telco	66,220		11,571		41,553
Intersegment	(5)		—		(101)
Total sales	$	97,028	$	18,690	$	62,160
Gross profit
Wireless	$	8,611	$	1,507	$	6,277
Telco	19,178		3,124		9,850
Total gross profit	$	27,789	$	4,631	$	16,127
Income (loss) from operations
Wireless	$	(4,792)	$	(2,326)	$	(6,864)
Telco	6,269		424		(2,433)
Total operating income ( loss)	$	1,477	$	(1,902)	$	(9,297)
(in thousands)	December 31,		December 31,		September 30,
	2022		2021		2021
Segment assets
Wireless	$	9,790	$	7,640	$	7,867
Telco	13,217		14,545		14,472
Non-allocated	4,211		3,241		4,973
Total assets	$	27,218	$	25,426	$	27,312