Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

Segment Reporting (Tables)

9 Months Ended

Jul. 03, 2022

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 July 3, 2022
	Optex Systems Richardson			Applied Optics Center Dallas		Other (non-allocated costs and intersegment eliminations)			Consolidated Total

Revenues from external customers	$	2,653		$	3,517	$	-		$	6,170
Intersegment revenues		-			258		(258	)		-
Total revenue	$	2,653		$	3,775	$	(258	)	$	6,170

Interest expense	$	-		$	-	$	-		$	-

Depreciation and amortization	$	8		$	66	$	-		$	74

Income (loss) before taxes	$	185		$	361	$	(36	)	$	510

Other significant noncash items:
Allocated home office expense	$	(268	)	$	268	$	-		$	-
Stock compensation expense	$	-		$	-	$	36		$	36
Warranty expense	$	-		$	42	$	-		$	42

Segment assets	$	14,676		$	6,637	$	-		$	21,313
Expenditures for segment assets	$	49		$	69	$	-		$	118

	Reportable Segment Financial Information (thousands)
	As of and for the 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)
	As of and for the nine months ended July 3, 2022
	Optex Systems Richardson			Applied Optics Center Dallas		Other (non-allocated costs and intersegment eliminations)			Consolidated Total

Revenues from external customers	$	6,588		$	9,057	$	-		$	15,645
Intersegment revenues		-			693		(693	)		-
Total revenue	$	6,588		$	9,750	$	(693	)	$	15,645

Interest expense	$	-		$	-	$	-		$	-

Depreciation and amortization	$	28		$	193	$	-		$	221

Income (loss) before taxes	$	(276	)	$	737	$	(127	)	$	334

Other significant noncash items:
Allocated home office expense	$	(802	)	$	802	$	-		$	-
Stock compensation expense	$	-		$	-	$	127		$	127
Warranty expense	$	-		$	122	$	-		$	122

Segment assets	$	14,676		$	6,637	$	-		$	21,313
Expenditures for segment assets	$	55		$	181	$	-		$	236

	Reportable Segment Financial Information (thousands)
	As of and for the 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