Segment Information

6 Months Ended

Mar. 31, 2020

14. Segment Information

The Company reports and evaluates financial information for three operating segments: Oil and Gas Markets, Adjacent Markets and Emerging Markets. The Oil and Gas Markets segment 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 products include imaging equipment, water meter products, offshore cables, and seismic sensors used for vibration monitoring and geotechnical applications such as mine safety applications and earthquake detection. The Emerging Markets segment was added in conjunction with the Company’s acquisition of Quantum, which 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, 2020			March 31, 2019			March 31, 2020			March 31, 2019
Revenue:
Oil and Gas Markets	$	18,434		$	18,669		$	37,936		$	29,673
Adjacent Markets		7,101			7,259			13,200			13,894
Emerging Markets		372			46			469			134
Corporate		—			149			—			297
Total	$	25,907		$	26,123		$	51,605		$	43,998

Income (loss) from operations:
Oil and Gas Markets	$	(6,683	)	$	3,332		$	(2,584	)	$	731
Adjacent Markets		1,214			1,651			2,065			2,633
Emerging Markets		(2,500	)		(1,180	)		(3,865	)		(2,372	)
Corporate		(3,513	)		(2,781	)		(6,928	)		(6,033	)
Total	$	(11,482	)	$	1,022		$	(11,312	)	$	(5,041	)