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Segment Information (Tables)
3 Months Ended
Dec. 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 December 31,
20222021
Revenue
IoT Products & Services$84,342 $65,744 
IoT Solutions24,964 18,513 
Total revenue$109,306 $84,257 
Gross Profit
IoT Products & Services$46,021 $35,675 
IoT Solutions15,500 12,206 
Total gross profit$61,521 $47,881 
Operating Income (Loss)
IoT Products & Services$12,683 $4,116 
IoT Solutions(720)(317)
Total operating income (loss)$11,963 $3,799 
Depreciation and Amortization
IoT Products & Services$3,292 $3,629 
IoT Solutions4,820 4,233 
Total depreciation and amortization$8,112 $7,862 
Payments to Acquire Property, Plant and Equipment by Segment
Total expended for property, plant and equipment was (in thousands):
Three months ended December 31,
20222021
IoT Products & Services$637 $454 
IoT Solutions*326 — 
Total expended for property, plant and equipment$963 $454 
* Excluded from this amount is $1,512 and $699 of transfers of inventory to property plant and equipment for subscriber assets for the three months ended December 31, 2022 and 2021, respectively.
Reconciliation of Assets from Segment to Consolidated
Total assets for each of our segments were (in thousands):
December 31,
2022
September 30,
2022
IoT Products & Services$397,108 $390,128 
IoT Solutions426,553 428,867 
Unallocated*30,949 34,900 
Total assets$854,610 $853,895 
*Unallocated consists of cash and cash equivalents.