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Segment Information (Tables)
6 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Summary operating results for each of our segments were (in thousands):
Three months ended March 31,Six months ended March 31,
2023202220232022
Revenue
IoT Products & Services$85,893 $71,370 $170,235 $137,114 
IoT Solutions25,251 23,343 50,215 41,856 
Total revenue$111,144 $94,713 $220,450 $178,970 
Gross Profit
IoT Products & Services$47,117 $38,461 $93,138 $74,136 
IoT Solutions15,755 13,523 31,255 25,729 
Total gross profit$62,872 $51,984 $124,393 $99,865 
Operating Income (Loss)
IoT Products & Services$12,965 $9,049 $25,648 $13,165 
IoT Solutions(790)(1,485)(1,510)(1,802)
Total operating income$12,175 $7,564 $24,138 $11,363 
Depreciation and Amortization
IoT Products & Services$3,046 $3,533 $6,338 $7,162 
IoT Solutions4,800 5,251 9,620 9,484 
Total depreciation and amortization$7,846 $8,784 $15,958 $16,646 
Payments to Acquire Property, Plant and Equipment by Segment
Total expended for property, plant and equipment was (in thousands):
Six months ended March 31,
20232022
IoT Products & Services$2,260 $1,664 
IoT Solutions*508 — 
Total expended for property, plant and equipment$2,768 $1,664 
* Excluded from this amount is $2,685 and $1,215 of transfers of inventory to property plant and equipment for subscriber assets for the six months ended March 31, 2023 and 2022, respectively.
Reconciliation of Assets from Segment to Consolidated
Total assets for each of our segments were (in thousands):
March 31,
2023
September 30,
2022
IoT Products & Services$390,753 $390,128 
IoT Solutions425,335 428,867 
Unallocated*31,660 34,900 
Total assets$847,748 $853,895 
*Unallocated consists of cash and cash equivalents.