Note 12 - Segment Information

6 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

12. Segment 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 Internet of Things (IoT) platform, as well as and 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 table summarizes the Company’s segment information (in thousands):

	Three Months Ended						Six Months Ended
	March 31, 2024			March 31, 2023			March 31, 2024			March 31, 2023
Revenue:
Oil and Gas Markets	$	10,847		$	18,419		$	50,756		$	38,567
Adjacent Markets		12,235			12,708			22,050			23,530
Emerging Markets		1,113			191			1,347			284
Corporate		75			52			149			98
Total	$	24,270		$	31,370		$	74,302		$	62,479
Income (loss) from operations:
Oil and Gas Markets	$	(3,135	)	$	4,176		$	11,428		$	6,582
Adjacent Markets		2,796			3,055			4,830			4,802
Emerging Markets		(651	)		(1,007	)		(1,276	)		(2,220	)
Corporate		(3,516	)		(1,847	)		(6,651	)		(5,066	)
Total	$	(4,506	)	$	4,377		$	8,331		$	4,098