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Segment Information
 12 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information

19. SEGMENT INFORMATION

The Company is engaged in the design, development and commercialization of critical communications hardware and software solutions designed to alert, inform, and protect. The Company operates in two business segments: Hardware and Software and its principal markets are North and South America, Europe, the Middle East and Asia.

Our CODM is our Chief Executive Officer, Richard Danforth. As reviewed by the CODM, the Company evaluates the performance of each segment based on sales, gross margin, operating income (loss), certain expenses including sales and marketing expense, research and development expense, depreciation and amortization expense, and stock-based compensation expense to

allocate resources in the annual planning process. Cash and cash equivalents, marketable securities, accounts receivable, inventory, property and equipment, deferred tax assets, goodwill and intangible assets are primary assets identified by segment. The operating segments are not evaluated using asset information. The accounting policies for segment reporting are the same for the Company as a whole and transactions between the two operating segments are not material.

The following table presents the Company’s segment disclosures for the year ended September 30, 2025:

 

 

Years ended

 

 

September 30, 2025

 

 

Hardware

 

 

Software

 

Revenues

 

$

31,839

 

 

$

8,918

 

Cost of revenues

 

 

20,128

 

 

 

3,673

 

Gross profit

 

 

11,711

 

 

 

5,245

 

Gross margin

 

 

37

%

 

 

59

%

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

Selling, general and administrative

 

 

13,697

 

 

 

11,963

 

Research and development

 

 

2,941

 

 

 

5,165

 

Total operating expenses

 

 

16,638

 

 

 

17,128

 

Loss from operations

 

 

(4,927

)

 

 

(11,883

)

 

 

 

 

 

 

 

Other income (expenses):

 

 

 

 

 

 

Depreciation and amortization expense

 

 

357

 

 

 

2,422

 

Stock-based compensation

 

 

1,344

 

 

 

319

 

 

 

 

 

 

 

 

Loss before income taxes

 

 

(6,226

)

 

 

(11,767

)

Income tax (benefit) expense

 

 

121

 

 

 

(2

)

Net loss

 

$

(6,347

)

 

$

(11,765

)

The following table presents the Company’s segment disclosures for the year ended September 30, 2024:

 

 

Years ended

 

 

September 30, 2024

 

 

Hardware

 

 

Software

 

Revenues

 

$

16,668

 

 

$

7,340

 

Cost of revenues

 

 

10,481

 

 

 

3,338

 

Gross profit

 

 

6,187

 

 

 

4,002

 

Gross margin

 

 

37

%

 

 

55

%

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

Selling, general and administrative

 

 

14,665

 

 

 

12,596

 

Research and development

 

 

3,340

 

 

 

6,304

 

Total operating expenses

 

 

18,005

 

 

 

18,900

 

Loss from operations

 

 

(11,818

)

 

 

(14,898

)

 

 

 

 

 

 

 

Other income (expenses):

 

 

 

 

 

 

Depreciation and amortization expense

 

 

394

 

 

 

2,535

 

Stock-based compensation

 

 

1,165

 

 

 

487

 

 

 

 

 

 

 

 

Loss before income taxes

 

 

(17,239

)

 

 

(14,896

)

Income tax (benefit) expense

 

 

58

 

 

 

(463

)

Net loss

 

$

(17,297

)

 

$

(14,433

)

 

The following table presents the Company’s segment assets as of September 30, 2025 and September 30, 2024:

 

 

September 30,

 

 

2025

 

 

2024

 

Long-lived assets

 

 

 

 

 

 

Hardware

 

$

1,046

 

 

$

1,203

 

Software

 

 

6,226

 

 

 

8,594

 

 

$

7,272

 

 

$

9,797

 

 

 

 

 

 

 

 

Total assets

 

 

 

 

 

 

Hardware

 

$

40,908

 

 

$

30,216

 

Software

 

 

22,961

 

 

 

23,720

 

 

$

63,869

 

 

$

53,936