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Segment Information (Tables)
9 Months Ended
Jun. 30, 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 June 30,Nine months ended June 30,
2023202220232022
Revenue
IoT Products & Services$87,358 $79,758 $257,593 $216,872 
IoT Solutions24,878 23,759 75,093 65,615 
Total revenue$112,236 $103,517 $332,686 $282,487 
Gross Profit
IoT Products & Services$47,229 $42,643 $140,367 $116,779 
IoT Solutions16,590 14,783 47,845 40,512 
Total gross profit$63,819 $57,426 $188,212 $157,291 
Operating Income (Loss)
IoT Products & Services$12,096 $10,881 $37,744 $24,046 
IoT Solutions380 (907)(1,130)(2,709)
Total operating income$12,476 $9,974 $36,614 $21,337 
Depreciation and Amortization
IoT Products & Services$3,108 $3,471 $9,446 $10,633 
IoT Solutions4,896 5,276 14,516 14,760 
Total depreciation and amortization$8,004 $8,747 $23,962 $25,393 
Payments to Acquire Property, Plant and Equipment by Segment
Total expended for property, plant and equipment was (in thousands):
Nine months ended June 30,
20232022
IoT Products & Services$362 $1,722 
IoT Solutions*3,291 2,496 
Total expended for property, plant and equipment$3,653 $4,218 
* Excluded from these amounts are $3,175 and $1,742 of transfers of inventory to property plant and equipment for subscriber assets for the nine months ended June 30, 2023 and 2022, respectively.
Reconciliation of Assets from Segment to Consolidated
Total assets for each of our segments were (in thousands):
June 30,
2023
September 30,
2022
IoT Products & Services$387,371 $390,128 
IoT Solutions423,109 428,867 
Unallocated*29,580 34,900 
Total assets$840,060 $853,895 
*Unallocated consists of cash and cash equivalents.