| Schedule of Reportable Segments Information |
Information concerning our reportable segments is as follows, in thousands:
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Three Months Ended June 30, 2026 |
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Thermal Processing Solutions |
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|
Semiconductor Fabrication Solutions |
|
|
Total |
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|
|
|
|
|
|
|
|
|
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Revenue |
|
$ |
17,745 |
|
|
$ |
4,638 |
|
|
$ |
22,383 |
|
Less: |
|
|
|
|
|
|
|
|
|
Material |
|
|
6,495 |
|
|
|
1,502 |
|
|
|
7,997 |
|
Labor |
|
|
943 |
|
|
|
512 |
|
|
|
1,455 |
|
Overhead |
|
|
1,301 |
|
|
|
437 |
|
|
|
1,738 |
|
Gross profit |
|
|
9,006 |
|
|
|
2,187 |
|
|
|
11,193 |
|
Selling & marketing |
|
|
2,179 |
|
|
|
303 |
|
|
|
2,482 |
|
General & administrative |
|
|
1,677 |
|
|
|
1,621 |
|
|
|
3,298 |
|
Research & development |
|
|
610 |
|
|
|
245 |
|
|
|
855 |
|
Loss on sale of property, plant and equipment |
|
|
— |
|
|
|
78 |
|
|
|
78 |
|
Severance expense |
|
|
19 |
|
|
|
31 |
|
|
|
50 |
|
Operating income (loss) |
|
|
4,521 |
|
|
|
(91 |
) |
|
|
4,430 |
|
Interest income |
|
|
23 |
|
|
|
18 |
|
|
|
41 |
|
Interest expense |
|
|
(6 |
) |
|
|
4 |
|
|
|
(2 |
) |
Other segment items (1) |
|
|
(741 |
) |
|
|
(1 |
) |
|
|
(742 |
) |
Non-segment items (2) |
|
|
— |
|
|
|
— |
|
|
|
(2,069 |
) |
Net income (loss) |
|
$ |
3,797 |
|
|
$ |
(70 |
) |
|
$ |
1,658 |
|
(1) Other segment items consists primarily of expenses related to foreign currency gain or loss and income tax provision. Thermal Processing Solutions and Semiconductor Fabrication Solutions income tax provision was $0.5 million and $1,000, respectively. (2) Non-segment items consists primarily of expenses related to corporate salaries and professional services expenses, income tax, interest income and interest expense.
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|
Three Months Ended June 30, 2025 |
|
|
|
Thermal Processing Solutions |
|
|
Semiconductor Fabrication Solutions |
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|
Total |
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|
|
|
|
|
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|
|
|
|
Revenue |
|
$ |
14,208 |
|
|
$ |
5,349 |
|
|
$ |
19,557 |
|
Less: |
|
|
|
|
|
|
|
|
|
Material |
|
|
5,946 |
|
|
|
1,661 |
|
|
|
7,607 |
|
Labor |
|
|
551 |
|
|
|
349 |
|
|
|
900 |
|
Overhead |
|
|
1,386 |
|
|
|
532 |
|
|
|
1,918 |
|
Gross profit |
|
|
6,325 |
|
|
|
2,807 |
|
|
|
9,132 |
|
Selling & marketing |
|
|
1,582 |
|
|
|
129 |
|
|
|
1,711 |
|
General & administrative |
|
|
1,252 |
|
|
|
1,615 |
|
|
|
2,867 |
|
Research & development |
|
|
277 |
|
|
|
87 |
|
|
|
364 |
|
Loss on sale of property, plant and equipment |
|
|
19 |
|
|
|
26 |
|
|
|
45 |
|
Severance expense |
|
|
288 |
|
|
|
72 |
|
|
|
360 |
|
Operating income |
|
|
2,907 |
|
|
|
878 |
|
|
|
3,785 |
|
Interest income |
|
|
28 |
|
|
|
22 |
|
|
|
50 |
|
Interest expense |
|
|
(6 |
) |
|
|
1 |
|
|
|
(5 |
) |
Other segment items (1) |
|
|
(431 |
) |
|
|
(2 |
) |
|
|
(433 |
) |
Non-segment items (2) |
|
|
— |
|
|
|
— |
|
|
|
(3,291 |
) |
Net income |
|
$ |
2,498 |
|
|
$ |
899 |
|
|
$ |
106 |
|
(1) Other segment items consists primarily of expenses related to foreign currency gain or loss and income tax provision. Thermal Processing Solutions and Semiconductor Fabrication Solutions income tax provision was $0.3 million and $2,000, respectively. (2) Non-segment items consists primarily of expenses related to corporate salaries and professional services expenses, severance expenses, income tax, interest income and interest expense.
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|
Nine Months Ended June 30, 2026 |
|
|
|
Thermal Processing Solutions |
|
|
Semiconductor Fabrication Solutions |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
46,460 |
|
|
$ |
15,364 |
|
|
$ |
61,824 |
|
Less: |
|
|
|
|
|
|
|
|
|
Material |
|
|
17,441 |
|
|
|
5,425 |
|
|
|
22,866 |
|
Labor |
|
|
2,546 |
|
|
|
1,770 |
|
|
|
4,316 |
|
Overhead |
|
|
3,745 |
|
|
|
1,441 |
|
|
|
5,186 |
|
Gross profit |
|
|
22,728 |
|
|
|
6,728 |
|
|
|
29,456 |
|
Selling & marketing |
|
|
5,970 |
|
|
|
839 |
|
|
|
6,809 |
|
General & administrative |
|
|
4,217 |
|
|
|
5,074 |
|
|
|
9,291 |
|
Research & development |
|
|
1,912 |
|
|
|
606 |
|
|
|
2,518 |
|
Loss on sale of property, plant and equipment |
|
|
— |
|
|
|
78 |
|
|
|
78 |
|
Severance expense |
|
|
19 |
|
|
|
31 |
|
|
|
50 |
|
Operating income |
|
|
10,610 |
|
|
|
100 |
|
|
|
10,710 |
|
Interest income |
|
|
70 |
|
|
|
50 |
|
|
|
120 |
|
Interest expense |
|
|
(18 |
) |
|
|
— |
|
|
|
(18 |
) |
Other segment items (1) |
|
|
(2,218 |
) |
|
|
2 |
|
|
|
(2,216 |
) |
Non-segment items (2) |
|
|
— |
|
|
|
— |
|
|
|
(5,664 |
) |
Net income |
|
$ |
8,444 |
|
|
$ |
152 |
|
|
$ |
2,932 |
|
(1) Other segment items consists primarily of expenses related to foreign currency gain or loss and income tax provision. Thermal Processing Solutions and Semiconductor Fabrication Solutions income tax provision was $1.6 million and $2,000, respectively. (2) Non-segment items consists primarily of expenses related to corporate salaries and professional services expenses, gain on sale of assets, income tax, interest income and interest expense.
|
|
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|
|
|
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|
|
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|
|
|
Nine Months Ended June 30, 2025 |
|
|
|
Thermal Processing Solutions |
|
|
Semiconductor Fabrication Solutions |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
43,467 |
|
|
$ |
16,055 |
|
|
$ |
59,522 |
|
Less: |
|
|
|
|
|
|
|
|
|
Material |
|
|
22,127 |
|
|
|
7,751 |
|
|
|
29,878 |
|
Labor |
|
|
3,660 |
|
|
|
2,434 |
|
|
|
6,094 |
|
Overhead |
|
|
3,675 |
|
|
|
1,706 |
|
|
|
5,381 |
|
Gross profit |
|
|
14,005 |
|
|
|
4,164 |
|
|
|
18,169 |
|
Selling & marketing |
|
|
5,717 |
|
|
|
641 |
|
|
|
6,358 |
|
General & administrative |
|
|
3,660 |
|
|
|
5,449 |
|
|
|
9,109 |
|
Research & development |
|
|
1,678 |
|
|
|
392 |
|
|
|
2,070 |
|
Loss on sale of property, plant and equipment |
|
|
184 |
|
|
|
90 |
|
|
|
274 |
|
Goodwill impairment |
|
|
4,997 |
|
|
|
15,356 |
|
|
|
20,353 |
|
Intangible asset impairment |
|
|
— |
|
|
|
2,569 |
|
|
|
2,569 |
|
Severance expense |
|
|
389 |
|
|
|
224 |
|
|
|
613 |
|
Operating loss |
|
|
(2,620 |
) |
|
|
(20,557 |
) |
|
|
(23,177 |
) |
Interest income |
|
|
38 |
|
|
|
25 |
|
|
|
63 |
|
Interest expense |
|
|
(17 |
) |
|
|
(2 |
) |
|
|
(19 |
) |
Other segment items (1) |
|
|
(457 |
) |
|
|
(6 |
) |
|
|
(463 |
) |
Non-segment items (2) |
|
|
— |
|
|
|
— |
|
|
|
(7,798 |
) |
Net loss |
|
$ |
(3,056 |
) |
|
$ |
(20,540 |
) |
|
$ |
(31,394 |
) |
(1) Other segment items consists primarily of expenses related to foreign currency gain or loss and income tax provision. Thermal Processing Solutions and Semiconductor Fabrication Solutions income tax provision was $0.8 million and $10,000, respectively. (2) Non-segment items consists primarily of expenses related to corporate salaries and professional services expenses, severance expenses, gain on sale of assets, income tax, interest income and interest expense.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Nine Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Depreciation and amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
Thermal Processing Solutions |
|
$ |
263 |
|
|
$ |
258 |
|
|
$ |
779 |
|
|
$ |
779 |
|
Semiconductor Fabrication Solutions |
|
|
335 |
|
|
|
313 |
|
|
|
1,015 |
|
|
|
1,320 |
|
Non-segment related* |
|
|
22 |
|
|
|
23 |
|
|
|
67 |
|
|
|
68 |
|
|
|
$ |
620 |
|
|
$ |
594 |
|
|
$ |
1,861 |
|
|
$ |
2,167 |
|
* Non-segment related to depreciation and amortization expense at corporate.
|
|
|
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|
|
|
|
|
|
|
June 30,
2026 |
|
|
September 30,
2025 |
|
Identifiable Assets: |
|
|
|
|
|
|
Thermal Processing Solutions |
|
$ |
61,191 |
|
|
$ |
56,019 |
|
Semiconductor Fabrication Solutions |
|
|
22,829 |
|
|
|
26,040 |
|
Non-segment related* |
|
|
72,695 |
|
|
|
10,814 |
|
|
|
$ |
156,715 |
|
|
$ |
92,873 |
|
* Non-segment related assets include cash, fixed assets, and other assets
|