Discontinued Operations (Tables)

12 Months Ended

Sep. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations

The following table presents key components of assets and liabilities that were classified as held for sale on the consolidated balance sheets:

	September 30,
(in thousands)	2023		2022
Cash	$	81	$	526
Accounts receivable, net of credit loss of $0	974		4,250
Contract assets	—		757
Inventory	10,063		10,753
Other current assets	1,154		1,728
Property, plant, and equipment, net	4,131		13,291
Operating lease right-of-use assets	56		99
Total assets	16,459		31,404
Remeasurement of assets	9,195		—
Assets held for sale	7,264		31,404
Accounts payable	1,854		2,350
Accrued expenses and other current liabilities	1,697		1,427
Contract liabilities	—		29
Operating lease liabilities - current	22		42
Operating lease liabilities - non-current	36		57
Other comprehensive income	1,053		860
Total liabilities	$	4,662	$	4,765

During the quarter ended September 30, 2023, the Company recorded a loss related to the remeasurement of the discontinued business lines to fair value less cost to sell of $9.6 million. The selling costs were approximately $0.4 million.

The following table presents key components of net (loss) income that were classified as discontinued operations on the consolidated statements of operations:

	Year Ended September 30,
(in thousands)	2023		2022
Revenue	$	9,674	$	78,808
Cost of Revenue	(16,723)		(53,156)
Gross Profit	(7,049)		25,652
Selling, general, and administrative	2,810		5,486
Research and development	3,459		4,754
Severance	2,597		1,213
Loss (gain) on sale of assets	10,407		(2,685)
Other (income) expense	(376)		456
(Loss) income from discontinued operations	$	(25,946)	$	16,428