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v3.25.1

Segment Information (Tables) | 6 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Summary operating results for each of our segments were (in thousands):
|  | Three months ended March 31, |  | Six months ended March 31,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Revenue |  |  |  |  |  |  |  |
IoT Products & Services |  | $ | 77,783 |  |  | $ | 83,390 |  |  | $ | 155,606 |  |  | $ | 165,413 |
IoT Solutions |  | 26,720 |  |  | 24,312 |  |  | 52,763 |  |  | 48,378 |
Total revenue |  | $ | 104,503 |  |  | $ | 107,702 |  |  | $ | 208,369 |  |  | $ | 213,791 |
Gross Profit |  |  |  |  |  |  |  |
IoT Products & Services |  | $ | 45,852 |  |  | $ | 45,061 |  |  | $ | 91,455 |  |  | $ | 88,920 |
IoT Solutions |  | 19,081 |  |  | 17,257 |  |  | 37,876 |  |  | 34,498 |
Total gross profit |  | $ | 64,933 |  |  | $ | 62,318 |  |  | $ | 129,331 |  |  | $ | 123,418 |
Depreciation and Amortization Expense By Segment | Total depreciation and amortization expense was (in thousands):
|  | Three months ended March 31, |  | Six months ended March 31,
|  | 2025 |  | 2024 |  | 2024 |  | 2023
IoT Products & Services |  | $ | 2,919 |  |  | $ | 3,107 |  |  | $ | 6,346 |  |  | $ | 6,205 |
IoT Solutions |  | 5,243 |  |  | 4,958 |  |  | 10,316 |  |  | 9,911 |
Total depreciation and amortization |  | $ | 8,162 |  |  | $ | 8,065 |  |  | $ | 16,662 |  |  | $ | 16,116 |
Payments to Acquire Property, Plant and Equipment by Segment | Total expended for property, plant and equipment was (in thousands):
|  | Six months ended March 31,
|  | 2025 |  | 2024
IoT Products & Services |  | $ | 597 |  |  | $ | 336 |
IoT Solutions* |  | 378 |  |  | 333 |
Total expended for property, plant and equipment |  | $ | 975 |  |  | $ | 669 |
* Excluded from these amounts are $5,131 and $4,046 of transfers of inventory to property plant and equipment for subscriber assets for the six months ended March 31, 2025 and 2023, respectively.
Reconciliation of Assets from Segment to Consolidated | Total assets for each of our segments were (in thousands):
|  | March 31, 2025 |  | September 30, 2024
IoT Products & Services |  | $ | 357,153 |  |  | $ | 376,998 |
IoT Solutions |  | 397,575 |  |  | 410,567 |
Unallocated* |  | 26,296 |  |  | 27,510 |
Total assets |  | $ | 781,024 |  |  | $ | 815,075 |
*Unallocated consists of cash and cash equivalents.

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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