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Segment Information (Tables)
3 Months Ended
Dec. 31, 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 December 31,
20242023
Revenue
IoT Products & Services$77,823 $82,023 
IoT Solutions26,043 24,066 
Total revenue$103,866 $106,089 
Gross Profit
IoT Products & Services$45,603 $43,859 
IoT Solutions18,795 17,241 
Total gross profit$64,398 $61,100 
Depreciation and Amortization Expense By Segment
Total depreciation and amortization expense was (in thousands):
Three months ended December 31,
20242023
IoT Products & Services$3,427 $3,098 
IoT Solutions5,073 4,953 
Total depreciation and amortization$8,500 $8,051 
Payments to Acquire Property, Plant and Equipment by Segment
Total expended for property, plant and equipment was (in thousands):
Three months ended December 31,
20242023
IoT Products & Services$366 $37 
IoT Solutions*141 182 
Total expended for property, plant and equipment$507 $219 
* Excluded from these amounts are $2,098 and $1,105 of transfers of inventory to property plant and equipment for subscriber assets for the three months ended December 31, 2024 and 2023, respectively.
Reconciliation of Assets from Segment to Consolidated
Total assets for each of our segments were (in thousands):
December 31,
2024
September 30,
2024
IoT Products & Services$365,609 $376,998 
IoT Solutions404,569 410,567 
Unallocated*25,935 27,510 
Total assets$796,113 $815,075 
*Unallocated consists of cash and cash equivalents.