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Segment Information (Tables)
6 Months Ended
Mar. 31, 2022
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,
2022202120222021
Revenue
IoT Products & Services$71,370 $65,632 $137,114 $127,412 
IoT Solutions23,343 11,669 41,856 23,035 
Total revenue$94,713 $77,301 $178,970 $150,447 
Gross Profit
IoT Products & Services$38,461 $34,457 $74,136 $70,136 
IoT Solutions13,523 6,000 25,729 11,340 
Total gross profit$51,984 $40,457 $99,865 $81,476 
Operating Income (Loss)
IoT Products & Services$9,049 $4,583 $13,165 $5,852 
IoT Solutions(1,485)(1,213)(1,802)(2,628)
Total operating income (loss)$7,564 $3,370 $11,363 $3,224 
Depreciation and Amortization
IoT Products & Services$3,533 $3,072 $7,162 $6,206 
IoT Solutions5,251 1,930 9,484 3,846 
Total depreciation and amortization$8,784 $5,002 $16,646 $10,052 
Payments to Acquire Property, Plant and Equipment by Segment
Total expended for property, plant and equipment was (in thousands):
Six months ended March 31,
20222021
IoT Products & Services$1,664 $1,287 
IoT Solutions*— — 
Total expended for property, plant and equipment$1,664 $1,287 
* Excluded from this amount is $1,215 and $1,399 of transfers of inventory to property plant and equipment for subscriber assets for the six months ended March 31, 2022 and 2021, respectively.
Reconciliation of Assets from Segment to Consolidated
Total assets for each of our segments were (in thousands):
March 31,
2022
September 30,
2021
IoT Products & Services$401,786 $386,934 
IoT Solutions426,358 80,165 
Unallocated*41,386 152,432 
Total assets$869,530 $619,531 
*Unallocated consists of cash and cash equivalents.