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Segment Information and Major Customers (Tables)
12 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Summary operating results for each of our segments were as follows (in thousands):
Year ended September 30,
202420232022
Revenue
IoT Products & Services$324,444 $345,680 $297,645 
IoT Solutions99,602 99,169 90,580 
Total revenue$424,046 $444,849 $388,225 
Gross Profit
IoT Products & Services$177,201 $187,958 $160,117 
IoT Solutions72,705 64,245 56,169 
Total gross profit$249,906 $252,203 $216,286 
Depreciation and Amortization
IoT Products & Services$12,446 $12,544 $13,974 
IoT Solutions20,615 19,432 19,865 
Total depreciation and amortization$33,061 $31,976 $33,839 
Payments to Acquire Property, Plant and Equipment by Segment
Total expended for property, plant and equipment was as follows (in thousands):
Year ended September 30,
202420232022
IoT Products & Services$1,005 $588 $1,952 
IoT Solutions*845 3,510 22 
Total expended for property, plant and equipment$1,850 $4,098 $1,974 
* Excluded from this amount is $12.3 million, $3.9 million and $6.2 million of transfers of inventory to property plant and equipment for subscriber assets for the year ended September 30, 2024, 2023 and 2022, respectively.
Schedule of Total Assets by Segment
Total assets for each of our segments were as follows (in thousands):
As of September 30,
20242023
IoT Products & Services$376,998 $384,018 
IoT Solutions410,567 419,820 
Unallocated*27,510 31,693 
Total assets$815,075 $835,531 
*Unallocated consists of cash and cash equivalents.
Schedule of Net Property, Equipment and Improvements by Geographical Location
Net property, equipment and improvements by geographic location were as follows (in thousands):
As of September 30,
20242023
United States$34,416 $28,631 
International, primarily Europe499 477 
Total net property, equipment and improvements$34,915 $29,108