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Segment Information | 9 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION In the third quarter of fiscal 2024, we restructured our management structure to appoint a single segment manager over IoT Products & Services and a single manager over IoT Solutions. As a result we have two operating segments. These two operating segments also serve as our reportable segments: IoT Products & Services and IoT Solutions. Each operating segment is now led by a single segment manager. IoT Products & Services derives revenue from the sale of products and services that help original equipment manufacturers ("OEMs"), enterprise and government customers create and deploy, secure IoT connectivity solutions. IoT Solutions derives revenue from the sale of software-based services that are enabled through the use of connected devices that utilize cellular communications. Our CEO is our Chief Operating Decision Maker ("CODM"). The measures the CODM uses to measure profitability within each of our reportable segments is segment gross profit. Summary operating results for each of our segments were (in thousands):
|  | Three months ended June 30, |  | Nine months ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Revenue |  |  |  |  |  |  |  |
IoT Products & Services |  | $ | 80,003 |  |  | $ | 87,358 |  |  | $ | 245,416 |  |  | $ | 257,593 |
IoT Solutions |  | 25,200 |  |  | 24,878 |  |  | 73,578 |  |  | 75,093 |
Total revenue |  | $ | 105,203 |  |  | $ | 112,236 |  |  | $ | 318,994 |  |  | $ | 332,686 |
Gross Profit |  |  |  |  |  |  |  |
IoT Products & Services Operating Segments Gross Profit |  | $ | 43,501 |  |  | $ | 47,229 |  |  | $ | 132,421 |  |  | $ | 140,367 |
IoT Solutions Operating Segments Gross Profit |  | 18,757 |  |  | 16,590 |  |  | 53,255 |  |  | 47,845 |
Total gross profit |  | $ | 62,258 |  |  | $ | 63,819 |  |  | $ | 185,676 |  |  | $ | 188,212 |
Total depreciation and amortization expense was (in thousands):
|  | Three months ended June 30, |  | Nine months ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
IoT Products & Services |  | $ | 3,111 |  |  | $ | 3,108 |  |  | $ | 9,316 |  |  | $ | 9,446 |
IoT Solutions |  | 5,187 |  |  | 4,896 |  |  | 15,098 |  |  | 14,516 |
Total depreciation and amortization |  | $ | 8,298 |  |  | $ | 8,004 |  |  | $ | 24,414 |  |  | $ | 23,962 |
Total expended for property, plant and equipment was (in thousands):
|  | Nine months ended June 30,
|  | 2024 |  | 2023
IoT Products & Services |  | $ | 581 |  |  | $ | 362 |
IoT Solutions* |  | 475 |  |  | 3,291 |
Total expended for property, plant and equipment |  | $ | 1,056 |  |  | $ | 3,653 |
* Excluded from these amounts are $8,354 and $3,175 of transfers of inventory to property plant and equipment for subscriber assets for the nine months ended June 30, 2024 and 2023, respectively. Total assets for each of our segments were (in thousands):
|  | June 30, 2024 |  | September 30, 2023
IoT Products & Services |  | $ | 389,469 |  |  | $ | 384,018 |
IoT Solutions |  | 402,620 |  |  | 419,820 |
Unallocated* |  | 28,337 |  |  | 31,693 |
Total assets |  | $ | 820,426 |  |  | $ | 835,531 |
*Unallocated consists of cash and cash equivalents.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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