Segment and Revenue Information (Tables)

9 Months Ended

Jun. 30, 2023

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


	Three Months Ended June 30,				Nine Months Ended June 30,
(in thousands)	2023		2022		2023		2022
Revenue
Aerospace and Defense	$	27,001	$	13,416	$	73,879	$	32,322
Broadband	(303)		10,259		4,592		66,239
Total revenue	$	26,698	$	23,675	$	78,471	$	98,561
Segment profit
Aerospace and Defense gross profit	$	7,163	$	1,551	$	16,786	$	4,468
Aerospace and Defense research and development expense	4,448		3,834		14,050		12,037
Aerospace and Defense gross profit less research and development expense	$	2,715	$	(2,283)	$	2,736	$	(7,569)
Broadband gross profit	$	(3,663)	$	2,347	$	(6,516)	$	24,244
Broadband research and development expense	723		679		2,269		1,638
Broadband gross profit less research and development expense	$	(4,386)	$	1,668	$	(8,785)	$	22,606
Total gross profit less research and development expense	$	(1,671)	$	(615)	$	(6,049)	$	15,037

Revenue is classified by major product category as presented below:


	Three Months Ended June 30,				Nine Months Ended June 30,
(in thousands)	2023		2022		2023		2022
Aerospace and Defense
Inertial Navigation	$	26,718	$	9,891	$	70,947	$	25,651
Defense Optoelectronics	283		3,525		2,932		6,671
Broadband
CATV Optical Transmitters and Components	323		7,006		2,270		56,449
Data Center Chips	(312)		1,353		885		3,534
Optical Sensing	(314)		1,900		1,437		6,256
Total revenue	$	26,698	$	23,675	$	78,471	$	98,561

Revenue is classified by timing of recognition as presented below:


	Three Months Ended June 30,				Nine Months Ended June 30,
(in thousands)	2023		2022		2023		2022
Trade revenue (recognized at a point in time)	$	19,667	$	18,207	$	58,763	$	91,056
Contract revenue (recognized over time)	7,031		5,468		19,708		7,505
Total revenue	$	26,698	$	23,675	$	78,471	$	98,561

Geographical Concentration

Revenue is classified by geographic area based on our customers’ billing address as presented below: