Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.21.2
Segment Reporting (Tables)
 9 Months Ended
Jun. 27, 2021
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

The financial tables below present the information for each of the reportable segment’s profit or loss as well as segment assets for each year. The Company does not allocate interest expense, income taxes or unusual items to segments.

 

    Reportable Segment Financial Information
(thousands)		  
    Three months ended June 27, 2021  
      Optex Systems
Richardson 		      Applied Optics Center
Dallas 		      Other
(non-allocated costs and intersegment eliminations) 		      Consolidated
Total 		 
                                 
Revenues from external customers   $ 3,126     $ 1,307     $ -     $ 4,433  
Intersegment revenues     -       41       (41 )     -  
Total Revenue   $ 3,126     $ 1,348     $ (41 )   $ 4,433  
                                 
Interest expense   $ -     $ -     $ 4     $ 4  
                                 
Depreciation and Amortization   $ 10     $ 57     $ -     $ 67  
                                 
Income (loss) before taxes   $ 328     $ (214 )   $ 1,106     $ 1,220  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (177 )   $ 177     $ -     $ -  
Gain on change in fair value of warrants   $ -     $ -     $ (1,167 )   $ (1,167 )
Stock compensation expense   $ -     $ -     $ 57     $ 57  
Warranty Expense   $ -     $ 9     $ -     $ 9  
                                 
Segment Assets   $ 14,690     $ 6,498     $ -     $ 21,188  
Expenditures for segment assets   $ (3 )   $ 89     $ -     $ 86  

 

 

    Reportable Segment Financial Information
(thousands)		  
    Three months ended June 28, 2020  
      Optex Systems
Richardson 		      Applied Optics Center
Dallas 		      Other
(non-allocated costs and intersegment eliminations) 		      Consolidated
Total 		 
                                 
Revenues from external customers   $ 3,851     $ 1,998     $ -     $ 5,849  
Intersegment revenues     -       421       (421 )     -  
Total Revenue   $ 3,851     $ 2,419     $ (421 )   $ 5,849  
                                 
Interest expense   $ -     $ -     $ 5     $ 5  
                                 
 Depreciation and Amortization   $ 10     $ 51     $ -     $ 61  
                                 
Income before taxes   $ 97     $ 592     $ (653 )   $ 36  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (170 )   $ 170     $ -     $ -  
Loss on Change in Fair Value of Warrants   $ -     $ -     $ 585     $ 585  
Stock option compensation expense   $ -     $ -     $ 63     $ 63  
Warranty Expense   $ -     $ 22     $ -     $ 22  
                                 
Segment Assets   $ 13,602     $ 6,522     $ -     $ 20,124  
Expenditures for segment assets   $ 54     $ -     $ -     $ 54  

 

    Reportable Segment Financial Information
(thousands)		  
    Nine months ended June 27, 2021  
      Optex Systems
Richardson 		      Applied Optics Center
Dallas 		      Other
(non-allocated costs and intersegment eliminations) 		      Consolidated
Total 		 
                                 
Revenues from external customers   $ 8,958     $ 4,191     $ -     $ 13,149  
Intersegment revenues     -       937       (937 )     -  
Total Revenue   $ 8,958     $ 5,128     $ (937 )   $ 13,149  
                                 
Interest expense   $ -     $ -     $ 9     $ 9  
                                 
Depreciation and Amortization   $ 31     $ 164     $ -     $ 195  
                                 
Income (loss) before taxes   $ 351     $ (459 )   $ 1,845     $ 1,737  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (530 )   $ 530     $ -     $ -  
Gain on change in fair value of warrants   $ -     $ -     $ (2,025 )   $ (2,025 )
Stock compensation expense   $ -     $ -     $ 171     $ 171  
Warranty expense   $ -     $ 56     $ -     $ 56  
                                 
Segment Assets   $ 14,690     $ 6,498     $ -     $ 21,188  
Expenditures for segment assets   $ 17     $ 197     $ -     $ 214  

 

 

    Reportable Segment Financial Information
(thousands)		  
    Nine months ended June 28, 2020  
      Optex Systems
Richardson 		      Applied Optics Center
Dallas 		      Other
(non-allocated costs and intersegment eliminations) 		      Consolidated
Total 		 
                                 
Revenues from external customers   $ 11,917     $ 6,765     $ -     $ 18,682  
Intersegment revenues     -       1,202       (1,202 )     -  
Total Revenue   $ 11,917     $ 7,967     $ (1,202 )   $ 18,682  
                                 
Interest expense   $ -     $ -     $ 17     $ 17  
                                 
Depreciation and Amortization   $ 24     $ 161     $ -     $ 185  
                                 
Income before taxes   $ 1,148     $ 1,098     $ (641 )   $ 1,605  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (510 )   $ 510     $ -     $ -  
Loss on change in fair value of warrants   $ -     $ -     $ 504     $ 504  
Stock option compensation expense   $ -     $ -     $ 120     $ 120  
Warranty Expense   $ -     $ 81     $ -     $ 81  
                                 
Segment Assets   $ 13,602     $ 6,522     $ -     $ 20,124  
Expenditures for segment assets   $ 100     $ 50     $ -     $ 150