Segment and Revenue Information (Tables)

9 Months Ended

Jun. 30, 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 June 30,				For the Nine Months Ended June 30,
	2022		2021		2022		2021
Revenue
Aerospace and Defense	$	13,416	$	12,327	$	32,322	$	39,097
Broadband	10,259		30,331		66,239		75,393
Total revenue	$	23,675	$	42,658	$	98,561	$	114,490
Segment profit
Aerospace and Defense gross profit	$	1,551	$	3,872	$	4,468	$	11,747
Aerospace and Defense research and development expense	3,834		3,598		12,037		10,441
Aerospace and Defense segment profit	$	(2,283)	$	274	$	(7,569)	$	1,306
Broadband gross profit	$	2,347	$	13,353	$	24,244	$	32,684
Broadband research and development expense	679		902		1,638		2,126
Broadband segment profit	$	1,668	$	12,451	$	22,606	$	30,558
Total segment profit	$	(615)	$	12,725	$	15,037	$	31,864
Unallocated expense (income)
Selling, general, and administrative	$	7,800	$	6,081	$	22,550	$	17,941
Severance	—		—		1,318		—
(Gain) loss on sale of assets	(1,318)		250		(1,919)		439
Gain on extinguishment of debt	—		(6,561)		—		(6,561)
Interest (income) expense, net	(9)		(579)		14		(481)
Foreign exchange loss (gain)	185		(87)		160		(256)
Pension expense	349		—		349		—
Total unallocated expense (income)	$	7,007	$	(896)	$	22,472	$	11,082
(Loss) income before income tax expense	$	(7,622)	$	13,621	$	(7,435)	$	20,782

Schedule of Revenue by Major Product Category

Revenue is classified by major product category as presented below:

	For the Three Months Ended June 30,
(in thousands)	2022		% of Revenue		2021		% of Revenue
Aerospace and Defense
Navigation and Inertial Sensing	$	9,891	42	%	$	9,280	22	%
Defense Optoelectronics	3,525		15		3,047		7
Broadband
CATV Lasers and Transmitters	7,006		29		27,364		64
Chip Devices	1,353		6		819		2
Other Optical Products	1,900		8		2,148		5
Total revenue	$	23,675	100	%	$	42,658	100	%

	For the Nine Months Ended June 30,
(in thousands)	2022		% of Revenue		2021		% of Revenue
Aerospace and Defense
Navigation and Inertial Sensing	$	25,651	26	%	$	27,475	24	%
Defense Optoelectronics	6,671		7		11,622		10
Broadband
CATV Lasers and Transmitters	56,449		57		65,799		58
Chip Devices	3,534		4		2,403		2
Other Optical Products	6,256		6		7,191		6
Total revenue	$	98,561	100	%	$	114,490	100	%

Schedule of Revenue by Geographic Region

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

	For the Three Months Ended June 30,				For the Nine Months Ended June 30,
(in thousands)	2022		2021		2022		2021
United States and Canada	$	19,043	$	37,705	$	86,751	$	100,157
Asia	1,684		2,305		6,498		9,475
Europe	2,243		1,603		3,999		2,817
Other	705		1,045		1,313		2,041
Total revenue	$	23,675	$	42,658	$	98,561	$	114,490