| Segment Information |
NOTE 9 – SEGMENT INFORMATION
The Company classifies its businesses into three segments as follows:
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Suttle manufactures and markets copper and fiber connectivity systems, enclosure systems, xDSL filters and splitters, and active technologies for voice, data and video communications;
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·
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Transition Networks manufactures media converters, network interface devices (NIDs), network interface cards (NICs), Ethernet switches and other connectivity products that offer the ability to affordably integrate the benefits of fiber optics into any data network; and
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·
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JDL Technologies provides technology solutions including virtualization, managed services, wired and wireless network design and implementation, HIPAA-compliant IT services, and converged infrastructure configuration and deployment.
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Management has chosen to organize the enterprise and disclose reportable segments based on our products and services. There are no material inter-segment revenues.
Information concerning the Company’s continuing operations in the various segments for the three month periods ended March 31, 2015 and 2014 is as follows:
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Transition
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JDL
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Suttle
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Networks
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Technologies
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Other
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Total
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Three Months Ended March 31, 2015
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Sales
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$
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10,590,000
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$
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8,090,000
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$
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865,000
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$
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-
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$
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19,545,000
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Cost of sales
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9,149,000
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4,685,000
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824,000
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-
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14,658,000
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Gross profit
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1,441,000
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3,405,000
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41,000
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-
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4,887,000
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Selling, general and
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administrative expenses
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4,306,000
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5,462,000
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810,000
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-
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10,578,000
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Operating loss
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$
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(2,865,000)
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$
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(2,057,000)
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$
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(769,000)
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$
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-
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$
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(5,691,000)
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Depreciation and amortization
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$
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507,000
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$
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247,000
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$
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26,000
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$
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-
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$
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780,000
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Capital expenditures
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$
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649,000
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$
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86,000
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$
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44,000
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$
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74,000
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$
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853,000
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Assets
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$
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40,210,000
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$
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26,870,000
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$
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4,367,000
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$
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24,353,000
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$
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95,800,000
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Transition
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JDL
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Suttle
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Networks
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Technologies
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Other
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Total
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Three Months Ended March 31, 2014
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Sales
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$
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12,882,000
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$
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9,749,000
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$
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2,567,000
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$
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-
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$
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25,198,000
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Cost of sales
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9,392,000
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5,043,000
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1,775,000
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-
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16,210,000
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Gross profit
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3,490,000
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4,706,000
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792,000
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-
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8,988,000
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Selling, general and
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administrative expenses
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3,137,000
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5,180,000
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685,000
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-
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9,002,000
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Restructuring expense
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238,000
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238,000
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Operating income (loss)
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$
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353,000
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$
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(712,000)
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$
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107,000
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$
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-
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$
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(252,000)
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Depreciation and amortization
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$
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293,000
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$
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231,000
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$
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37,000
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$
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-
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$
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561,000
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Capital expenditures
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$
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627,000
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$
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107,000
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$
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10,000
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$
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80,000
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$
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824,000
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Assets
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$
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32,608,000
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$
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27,093,000
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$
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6,347,000
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$
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35,025,000
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$
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101,073,000
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