Acquisition (Tables)

6 Months Ended

Mar. 31, 2020

Schedule of Assets Acquired and Liabilities Assumed


			Weighted
			Average Useful
(in thousands)	Amount		Life (years)
Purchase price	$	24,978
Developed technology		250	7
Cash acquired		541
Inventories		8,522
Accounts receivable		4,291
Other assets		355
Land and building		12,890
Equipment		2,913
Net liabilities assumed		(4,853)

Goodwill	$	69

Unaudited Pro Forma Information

The following unaudited pro forma financial information presented for the three and six months ended March 31, 2020 and 2019 does not purport to be indicative of the results of operations that would have been achieved had the acquisition been consummated on October 1, 2018, nor of the results which may occur in the future. The pro forma amounts are based upon available information and certain assumptions that the Company believes are reasonable.


	For the three months ended				For the six months ended
	March 31,				March 31,
(in thousands, except per share data)	2020		2019		2020		2019
Revenue	$	23,850	$	28,527	$	49,332	$	60,922
Net loss	$	(5,081)	$	(6,355)	$	(6,416)	$	(13,039)
Net loss per basic and diluted share	$	(0.18)	$	(0.23)	$	(0.22)	$	(0.47)
Weighted-average number of basic and diluted shares outstanding		29,033		27,652		28,931		27,592