XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Revenue:        
Total Revenue $ 104,503 $ 107,702 $ 208,369 $ 213,791
Cost of sales:        
Amortization of intangibles 953 953 1,906 1,906
Total cost of sales 39,570 45,384 79,038 90,373
Gross Profit 64,933 62,318 129,331 123,418
Operating expenses:        
Sales and marketing 22,041 20,540 43,798 40,187
Research and development 15,325 15,044 30,352 29,677
General and administrative 13,840 18,583 28,095 33,270
Total operating expenses 51,206 54,167 102,245 103,134
Operating income 13,727 8,151 27,086 20,284
Other expense, net:        
Interest expense, net (1,336) (3,697) (3,630) (9,358)
Debt issuance cost write off 0 0 0 (9,722)
Other (expense) income, net (43) (32) (12) (58)
Total other expense, net (1,379) (3,729) (3,642) (19,138)
Income before income taxes 12,348 4,422 23,444 1,146
Income tax provision 1,851 428 2,864 206
Net income $ 10,497 $ 3,994 $ 20,580 $ 940
Basic net income per common share:        
Basic (USD per share) $ 0.28 $ 0.11 $ 0.56 $ 0.03
Diluted net income per common share        
Diluted (USD per share) $ 0.28 $ 0.11 $ 0.55 $ 0.03
Weighted average common shares:        
Basic (shares) 36,956 36,296 36,816 36,212
Diluted (shares) 37,520 36,974 37,553 36,855
Product        
Revenue:        
Revenue $ 71,987 $ 78,432 $ 144,772 $ 155,682
Cost of sales:        
Cost of sales excluding amortization 31,758 37,894 63,731 75,660
Service        
Revenue:        
Revenue 32,516 29,270 63,597 58,109
Cost of sales:        
Cost of sales excluding amortization $ 6,859 $ 6,537 $ 13,401 $ 12,807