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Segment Data and Related Information (Tables)
 6 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of Reportable Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months

 

 

For the six months

(in thousands)

 

 

ended March 31, 

 

 

ended March 31, 

 

 

 

2020

 

    

2019

 

 

2020

 

    

2019

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace and Defense

 

$

13,013

 

$

6,872

 

$

26,717

 

$

11,012

Broadband

 

 

10,837

 

 

14,873

 

 

22,615

 

 

34,734

    Total revenue

 

$

23,850

 

$

21,745

 

$

49,332

 

$

45,746

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment Profit:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace and Defense gross profit

 

$

2,844

 

$

2,680

 

$

7,332

 

$

3,902

Aerospace & Defense R&D expense

 

 

3,991

 

 

1,682

 

 

7,942

 

 

3,233

Aerospace and Defense segment profit/(loss)

 

$

(1,147)

 

$

998

 

$

(610)

 

$

669

 

 

 

 

 

 

 

 

 

 

 

 

 

Broadband gross profit

 

$

3,583

 

$

3,129

 

$

6,569

 

$

7,715

Broadband R&D expense

 

 

593

 

 

2,678

 

 

1,284

 

 

5,146

Broadband segment profit

 

$

2,990

 

$

451

 

$

5,285

 

$

2,569

 

 

 

 

 

 

 

 

 

 

 

 

 

Total consolidated segment profit

 

$

1,843

 

$

1,449

 

$

4,675

 

$

3,238

Unallocated (income) expense:

 

 

 

 

 

 

 

 

 

 

 

 

 Selling, general and administrative

 

 

7,139

 

 

6,996

 

 

13,026

 

 

14,589

 Gain on sale of assets

 

 

(315)

 

 

 -

 

 

(1,917)

 

 

 -

 Gain from change in estimate on ARO obligation

 

 

 -

 

 

(40)

 

 

 -

 

 

(40)

 Interest (income) expense, net

 

 

(1)

 

 

(224)

 

 

14

 

 

(491)

 Foreign exchange loss (gain)

 

 

156

 

 

(304)

 

 

 9

 

 

(318)

Total unallocated expense

 

 

6,979

 

 

6,428

 

 

11,132

 

 

13,740

Loss before income tax expense

 

$

(5,136)

 

$

(4,979)

 

$

(6,457)

 

$

(10,502)

 

Schedule of Revenue by Geographic Region

The following table sets forth revenue by geographic region with revenue assigned to geographic regions based on our customers’ billing address.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months

 

For the six months

Revenue by Geographic Region

 

ended March 31, 

 

ended March 31, 

(in thousands)

    

2020

    

2019

    

2020

    

2019

United States and Canada

 

$

19,887

 

$

15,648

 

$

40,082

 

$

34,224

Asia

 

 

1,692

 

 

4,207

 

 

3,958

 

 

8,252

Europe

 

 

1,516

 

 

1,781

 

 

3,405

 

 

3,047

Other

 

 

755

 

 

109

 

 

1,887

 

 

223

Total revenue

 

$

23,850

 

$

21,745

 

$

49,332

 

$

45,746