Segment and Revenue Information (Tables)

6 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Reportable Segment

Information on reportable segments utilized by the chief operating decision maker is as follows:

(in thousands)	For the Three Months Ended March 31,				For the Six Months Ended March 31,
	2022		2021		2022		2021
Revenue
Aerospace and Defense	$	9,006	$	13,134	$	18,906	$	26,770
Broadband	23,644		25,272		55,980		45,062
Total revenue	$	32,650	$	38,406	$	74,886	$	71,832
Segment income
Aerospace and Defense gross profit	$	1,233	$	3,775	$	2,917	$	7,875
Aerospace and Defense research and development expense	4,041		3,157		8,203		6,843
Aerospace and Defense segment profit	$	(2,808)	$	618	$	(5,286)	$	1,032
Broadband gross profit	$	7,784	$	10,859	$	21,897	$	19,331
Broadband research and development expense	494		614		959		1,224
Broadband segment profit	$	7,290	$	10,245	$	20,938	$	18,107
Consolidated segment profit	$	4,482	$	10,863	$	15,652	$	19,139
Unallocated expense
Selling, general, and administrative	$	7,563	$	6,062	$	14,750	$	11,860
Severance	20		—		1,318		—
(Gain) loss on sale of assets	(788)		218		(601)		189
Interest expense, net	12		49		23		98
Foreign exchange loss (gain)	17		68		(25)		(169)
Total unallocated expense	$	6,824	$	6,397	$	15,465	$	11,978
(Loss) income before income tax benefit (expense)	$	(2,342)	$	4,466	$	187	$	7,161

Schedule of Revenue by Major Product Category

Revenue is classified by major product category and is presented below:

	For the Three Months Ended March 31,
(in thousands)	2022		% of Revenue		2021		% of Revenue
Aerospace and Defense
Navigation and Inertial Sensing	$	7,615	23	%	$	8,993	23	%
Defense Optoelectronics	1,391		4		4,141		11
Broadband
CATV Lasers and Transmitters	20,984		64		21,120		55
Chip Devices	1,113		3		841		2
Other Optical Products	1,547		5		3,311		9
Total revenue	$	32,650	100	%	$	38,406	100	%

	For the Six Months Ended March 31,
(in thousands)	2022		% of Revenue		2021		% of Revenue
Aerospace and Defense
Navigation and Inertial Sensing	$	15,760	21	%	$	18,195	25	%
Defense Optoelectronics	3,146		4		8,575		12
Broadband
CATV Lasers and Transmitters	49,443		66		38,435		54
Chip Devices	2,181		3		1,584		2
Other Optical Products	4,356		6		5,043		7
Total revenue	$	74,886	100	%	$	71,832	100	%

Schedule of Revenue by Geographic Region

The following table sets forth revenue by geographic area based on our customers’ billing address:

	For the Three Months Ended March 31,				For the Six Months Ended March 31,
(in thousands)	2022		2021		2022		2021
United States and Canada	$	29,652	$	33,106	$	67,708	$	62,452
Asia	1,728		4,145		4,814		7,170
Europe	936		558		1,756		1,214
Other	334		597		608		996
Total revenue	$	32,650	$	38,406	$	74,886	$	71,832