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Segment Information (Tables)
9 Months Ended
Jun. 30, 2024
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,
2024202320242023
Revenue
IoT Products & Services$80,003 $87,358 $245,416 $257,593 
IoT Solutions25,200 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 Profit18,757 16,590 53,255 47,845 
Total gross profit$62,258 $63,819 $185,676 $188,212 
Depreciation and Amortization Expense By Segment
Total depreciation and amortization expense was (in thousands):
Three months ended June 30,Nine months ended June 30,
2024202320242023
IoT Products & Services$3,111 $3,108 $9,316 $9,446 
IoT Solutions5,187 4,896 15,098 14,516 
Total depreciation and amortization$8,298 $8,004 $24,414 $23,962 
Payments to Acquire Property, Plant and Equipment by Segment
Total expended for property, plant and equipment was (in thousands):
Nine months ended June 30,
20242023
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.
Reconciliation of Assets from Segment to Consolidated
Total assets for each of our segments were (in thousands):
June 30,
2024
September 30,
2023
IoT Products & Services$389,469 $384,018 
IoT Solutions402,620 419,820 
Unallocated*28,337 31,693 
Total assets$820,426 $835,531 
*Unallocated consists of cash and cash equivalents.