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Segment Information
 3 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
We have two reportable segments: IoT Products & Services and IoT Solutions. IoT Products & Services is structured to include four operating segments, each with a segment manager. These four operating segments are Cellular Routers, Console Servers, OEM Solutions and Infrastructure Management. IoT Products & Services derives revenue from the sale of connectivity products and solutions. These products and solutions include enclosed router devices in Cellular Routers, enclosed devices for edge computing and data center applications in Console Servers, chip modules in OEM Solutions and sensors in Infrastructure Management, as well as our cloud based remote manager application and extended support and monitoring of devices sold. IoT Solutions is comprised of two operating segments. These operating segments are SmartSense and Ventus. IoT Solutions derives revenue from the sale of monitoring and networking service solutions. These solutions include wireless condition-based monitoring services in SmartSense and Managed Network-as-a-Service ("MNaaS") in Ventus.
The operating segments included in each reportable segment have similar qualitative and quantitative factors, which allow us to aggregate them under each reportable segment. The qualitative factors include similar nature of products and services, production process, type or class of customers and methods used to distribute the products. The quantitative factors include similar operating margins. Our CEO is our Chief Operating Decision Maker and reviews and makes business decisions using consolidated information such as operating income and gross profit.
Summary operating results for each of our segments were (in thousands):
Three months ended December 31,
20232022
Revenue
IoT Products & Services$82,023 $84,342 
IoT Solutions24,066 24,964 
Total revenue$106,089 $109,306 
Gross Profit
IoT Products & Services$43,859 $46,021 
IoT Solutions17,241 15,500 
Total gross profit$61,100 $61,521 
Operating Income (Loss)
IoT Products & Services$10,341 $12,683 
IoT Solutions1,792 (720)
Total operating income$12,133 $11,963 
Depreciation and Amortization
IoT Products & Services$3,098 $3,292 
IoT Solutions4,953 4,820 
Total depreciation and amortization$8,051 $8,112 
Total expended for property, plant and equipment was (in thousands):
Three months ended December 31,
20232022
IoT Products & Services$37 $637 
IoT Solutions*182 326 
Total expended for property, plant and equipment$219 $963 
* Excluded from these amounts are $1,105 and $1,512 of transfers of inventory to property plant and equipment for subscriber assets for the three months ended December 31, 2023 and 2022, respectively.
6. SEGMENT INFORMATION (CONTINUED)
Total assets for each of our segments were (in thousands):
December 31,
2023		September 30,
2023
IoT Products & Services$382,874 $384,018 
IoT Solutions414,240 419,820 
Unallocated*31,548 31,693 
Total assets$828,662 $835,531 
*Unallocated consists of cash and cash equivalents.