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Segment Information (Tables)
6 Months Ended
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,
2025202420252024
Revenue
IoT Products & Services$77,783 $83,390 $155,606 $165,413 
IoT Solutions26,720 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 Solutions19,081 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,
2025202420242023
IoT Products & Services$2,919 $3,107 $6,346 $6,205 
IoT Solutions5,243 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,
20252024
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 Solutions397,575 410,567 
Unallocated*26,296 27,510 
Total assets$781,024 $815,075 
*Unallocated consists of cash and cash equivalents.