Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.22.1
Segment Reporting (Tables)
 6 Months Ended
Apr. 03, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

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

 

    Reportable Segment Financial Information
(thousands)		  
    As of and for the three months ended April 3, 2022  
      Optex Systems
Richardson 		      Applied Optics Center
Dallas 		      Other
(non-allocated costs and intersegment eliminations) 		      Consolidated
Total 		 
                                 
Revenues from external customers   $ 2,078     $ 3,058     $ -     $ 5,136  
Intersegment revenues     -       255       (255 )     -  
Total revenue   $ 2,078     $ 3,313     $ (255 )   $ 5,136  
                                 
Interest expense   $ -     $ -     $ -     $ -  
                                 
Depreciation and amortization   $ 10     $ 65     $ -     $ 75  
                                 
Income (loss) before taxes   $ (243 )   $ 87     $ (35 )   $ (191 )
                                 
Other significant noncash items:                                
Allocated home office expense   $ (298 )   $ 298     $ -     $ -  
Stock compensation expense   $ -     $ -     $ 35     $ 35  
Warranty expense   $ -     $ 33     $ -     $ 33  
                                 
Segment assets   $ 14,457     $ 6,777     $ -     $ 21,234  
Expenditures for segment assets   $ (19 )   $ 47     $ -     $ 28  

 

    Reportable Segment Financial Information
(thousands)		  
    As of and for the three months ended March 28, 2021  
      Optex Systems
Richardson 		      Applied Optics Center
Dallas 		      Other
(non-allocated costs and intersegment eliminations) 		      Consolidated
Total 		 
                                 
Revenues from external customers   $ 2,805     $ 1,441     $ -     $ 4,246  
Intersegment revenues     -       530       (530 )     -  
Total revenue   $ 2,805     $ 1,971     $ (530 )   $ 4,246  
                                 
Interest expense   $ -     $ -     $ 2     $ 2  
                                 
Depreciation and amortization   $ 10     $ 55     $ -     $ 65  
                                 
Income (loss) before taxes   $ (733 )   $ 376     $ (228 )   $ (585 )
                                 
Other significant noncash items:                                
Allocated home office expense   $ (153 )   $ 153     $ -     $ -  
Loss on change in fair value of warrants   $ -     $ -     $ 169     $ 169  
Stock compensation expense   $ -     $ -     $ 57     $ 57  
Warranty expense   $ -     $ 39     $ -     $ 39  
                                 
Segment assets   $ 14,820     $ 6,307     $ -     $ 21,127  
Expenditures for segment assets   $ -     $ 47     $ -     $ 47  

 

 

    Reportable Segment Financial Information
(thousands)		  
    As of and for the six months ended April 3, 2022  
      Optex Systems
Richardson 		      Applied Optics Center
Dallas 		      Other
(non-allocated costs and intersegment eliminations) 		      Consolidated
Total 		 
                                 
Revenues from external customers   $ 3,934     $ 5,541     $ -     $ 9,475  
Intersegment revenues     -       435       (435 )     -  
Total revenue   $ 3,934     $ 5,976     $ (435 )   $ 9,475  
                                 
Interest expense   $ -     $ -     $ -     $ -  
                                 
Depreciation and amortization   $ 20     $ 127     $ -     $ 147  
                                 
Income (loss) before taxes   $ (460 )   $ 376     $ (92 )   $ (176 )
                                 
Other significant noncash items:                                
Allocated home office expense   $ (534 )   $ 534     $ -     $ -  
Stock compensation expense   $ -     $ -     $ 92     $ 92  
Warranty expense   $ -     $ 79     $ -     $ 79  
                                 
Segment assets   $ 14,457     $ 6,777     $ -     $ 21,234  
Expenditures for segment assets   $ 6     $ 112     $ -     $ 118  

 

    Reportable Segment Financial Information
(thousands)		  
    As of and for the six months ended March 28, 2021  
      Optex Systems
Richardson 		      Applied Optics Center
Dallas 		      Other
(non-allocated costs and intersegment eliminations) 		      Consolidated
Total 		 
                                 
Revenues from external customers   $ 5,833     $ 2,884     $ -     $ 8,717  
Intersegment revenues     -       896       (896 )     -  
Total revenue   $ 5,833     $ 3,780     $ (896 )   $ 8,717  
                                 
Interest expense   $ -     $ -     $ 5     $ 5  
                                 
Depreciation and amortization   $ 21     $ 107     $ -     $ 128  
                                 
Income (loss) before taxes   $ 24     $ (245 )   $ 739     $ 518  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (353 )   $ 353     $ -     $ -  
Gain on change in fair value of warrants   $ -     $ -     $ (858 )   $ (858 )
Stock compensation expense   $ -     $ -     $ 114     $ 114  
Warranty expense   $ -     $ 48     $ -     $ 48  
                                 
Segment assets   $ 14,820     $ 6,307     $ -     $ 21,127  
Expenditures for segment assets   $ 20     $ 108     $ -     $ 128