Segment and Geographic Information

12 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segment and Geographic Information

20. Segment and Geographic Information

The Company reports and evaluates financial information for three operating business segments: Oil and Gas Markets, Adjacent Markets and Emerging Markets. The Oil and Gas Markets segment’s products include wireless seismic data acquisition systems, reservoir characterization products and services, and traditional seismic exploration products such as geophones, hydrophones, leader wire, connectors, cables, marine streamer retrieval and steering devices and various other seismic products. The Adjacent Markets segment’s products include imaging equipment, water meter products, remote shut-off valves and IoT platform, as well as seismic sensors used for vibration monitoring and geotechnical applications such as mine safety applications and earthquake detection. The Emerging Markets segment designs and markets seismic products targeted at the border and perimeter security markets.

The following tables summarize the Company’s segment information:

	YEAR ENDED SEPTEMBER 30,
	2022			2021
Revenue:
Oil and Gas Markets	$	49,141		$	52,252
Adjacent Markets		39,171			32,419
Emerging Markets		711			10,193
Corporate		230			—
Total		89,253			94,864
Income (loss) from operations:
Oil and Gas Markets		(7,539	)		(16,229	)
Adjacent Markets		6,021			6,423
Emerging Markets		(9,128	)		5,033
Corporate		(12,490	)		(12,098	)
Total		(23,136	)		(16,871	)
Depreciation and amortization expenses:
Oil and Gas Markets		16,947			18,199
Adjacent Markets		743			440
Emerging Markets		1,068			1,209
Corporate		802			929
Total		19,560			20,777
Impairment, inventory obsolescence and stock-based compensation expenses:
Oil and Gas Markets		3,612			3,850
Adjacent Markets		932			223
Emerging Markets		4,423			100
Corporate		727			798
Total		9,694			4,971
Interest income:
Oil and Gas Markets		850			1,409
Adjacent Markets		—			1
Emerging Markets		—			—
Corporate		126			31
Total		976			1,441
Interest expense:
Oil and Gas Markets		65			—
Adjacent Markets		—			—
Emerging Markets		—			—
Corporate		—			—
Total		65			—

The Company’s manufacturing operations for its business segments are combined. Therefore, the Company does not segregate and report separate balance sheet accounts for each of its segments and, therefore, no such segment balance sheet information is presented in the table above.

“Corporate” loss from operations primarily consists of the Company’s Houston headquarters general and administrative expenses.

The Company generates revenue from product sales, product rentals and services from its subsidiaries located in the United States, Canada, Colombia, the Russian Federation and the United Kingdom. Revenue generated by the Company’s subsidiaries is as follows (in thousands):

	YEAR ENDED SEPTEMBER 30,
	2022		2021
United States	$	82,332	$	88,776
Canada		1,615		1,132
Russian Federation		1,922		1,746
United Kingdom		3,384		3,210
	$	89,253	$	94,864

A summary of revenue by geographic area is as follows (in thousands):

	YEAR ENDED SEPTEMBER 30,
	2022		2021
Africa	$	471	$	2,507
Asia		13,823		23,299
Canada		1,225		997
Europe		28,381		13,801
South America		7,547		2,514
United States		35,171		49,541
Other		2,635		2,205
	$	89,253	$	94,864

Revenue is attributed to countries based on the ultimate destination of the product sold, if known. If the ultimate destination is not known, revenue is attributed to countries based on the geographic location of the initial shipment.

Long-lived assets were as follows (in thousands):

	AS OF SEPTEMBER 30,
	2022		2021
United States	$	71,742	$	98,395
Canada		1,459		3,653
Colombia		449		590
Russian Federation		1,010		689
United Kingdom		422		559
China		13		13
	$	75,095	$	103,899