Annual report [Section 13 and 15(d), not S-K Item 405]

Note 1 - Summary of Significant Accounting Policies (Tables)

v3.25.3
Note 1 - Summary of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2025
Notes Tables  
Schedule of Cash and Cash Equivalents [Table Text Block]

(In thousands)

 

September 30,

2025

   

September 30,

2024

 

Cash and cash equivalents:

               

Cash, including money market accounts

  $ 5,732     $ 3,770  

Money market funds

    15,761       10,378  

Total cash and cash equivalents

  $ 21,493     $ 14,148  
Schedule of Inventory, Current [Table Text Block]
(In thousands)  

September 30,

2025

   

September 30,

2024

 

Raw materials

  $ 37,993       50,193  

Work-in-process

    2,369       1,088  

Finished goods

    14,107       19,524  

Inventories, gross

    54,469       70,805  

Inventory reserve

    (12,438 )     (14,709 )

Inventories, net

  $ 42,031       56,096  
Schedule of Goodwill [Table Text Block]
(In thousands)   Total  
Balance as of September 30, 2023   $ 6,528  
Currency translation effect on foreign goodwill balances     99  
Balance as of September 30, 2024   $ 6,627  
Currency translation effect on foreign goodwill balances     104  
Nestor Cables goodwill impairment     (2,022 )
Balance as of September 30, 2025   $ 4,709  
Schedule of Finite-Lived Intangible Assets [Table Text Block]
   

September 30, 2025

 

(In thousands)

 

Useful Life (Years)

   

Gross Carrying Amount

   

Accumulated Amortization

   

Net Book Value Amount

 

Customer relationships

    15     $ 3,742     $ 1,902     $ 1,840  

Certifications

    8       1,068       1,017       51  

Trademarks

    8-10       563       537       26  

Patents

    20       1,443       278       1,165  

Software

    1-10       9,101       2,830       6,271  

Totals

          $ 15,917     $ 6,564     $ 9,353  
   

September 30, 2024

 

(In thousands)

 

Useful Life (Years)

   

Gross Carrying Amount

   

Accumulated Amortization

   

Net Book Value Amount

 

Customer relationships

    15     $ 3,742     $ 1,653     $ 2,089  

Certifications

    8       1,068       884       184  

Trademarks

    8-10       563       466       97  

Patents

    20       1,288       219       1,069  

Software

    1-3       3,475       2,243       1,232  

Totals

          $ 10,136     $ 5,465     $ 4,671  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

(In thousands)

 

Estimated amortization expense

 

FY 2026

  $ 1,588  

FY 2027

    1,195  

FY 2028

    989  

FY 2029

    901  

FY 2030

    694  

Thereafter

    3,986  

Total

  $ 9,353  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Year ended September 30,

(In thousands except share data)

 

2025

   

2024

   

2023

 

Net (loss) income

  $ (8,050 )   $ (12,453 )   $ 32,533  

Net income (loss) from continuing operations

    6,310       (8,514 )     33,723  

Weighted average common shares

    13,989,489       14,582,450       14,975,972  

Dilutive potential common shares

    -       -       36,555  

Weighted average dilutive common shares outstanding

    13,989,489       14,582,450       15,012,527  

(Loss) earnings per share:

                       

Basic

                       

Continuing operations

  $ 0.45     $ (0.58 )   $ 2.25  

Discontinued operations

    (1.03 )     (0.27 )     (0.08 )

Basic (loss) earnings per share

  $ (0.58 )   $ (0.85 )   $ 2.17  

Diluted

                       

Continuing operations

  $ 0.45     $ (0.58 )   $ 2.25  

Discontinued operations

    (1.03 )     (0.27 )     (0.08 )

Diluted (loss) earnings per share

  $ (0.58 )   $ (0.85 )   $ 2.17  
Useful Lives [Member]  
Notes Tables  
Property, Plant and Equipment [Table Text Block]
   

Years

 

Equipment

    3 –15  

Leasehold improvements

 

Shorter of remaining life of lease or 7-10

 

Vehicles

    3  

(In thousands)

 

September 30,

2025

   

September 30,

2024

 

Manufacturing equipment

  $ 17,176     $ 17,073  

Office equipment

    4,457       4,040  

Leasehold improvements

    6,259       6,078  

Vehicles

    550       439  

Construction in progress

    2,464       6,287  

Property, plant and equipment, gross

    30,906       33,917  

Less: Accumulated depreciation

    (21,224 )     (18,046 )

Property, plant and equipment, net

  $ 9,682     $ 15,871