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Segment Information (Tables)
6 Months Ended
Mar. 31, 2024
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,
2024202320242023
Revenue
IoT Products & Services$83,390 $85,893 $165,413 $170,235 
IoT Solutions24,312 25,251 48,378 50,215 
Total revenue$107,702 $111,144 $213,791 $220,450 
Gross Profit
IoT Products & Services Operating Segments Gross Profit$45,061 $47,477 $90,255 $94,151 
Unallocated IoT Products & Services Expenses— (360)(1,335)(1,013)
Total IoT Products & Services Segment Gross Profit45,061 47,117 88,920 93,138 
IoT Solutions Operating Segments Gross Profit17,257 16,377 34,498 32,503 
Unallocated IoT Solutions Expenses— (622)— (1,248)
Total IoT Solutions Segment Gross Profit17,257 15,755 34,498 31,255 
Total gross profit$62,318 $62,872 $123,418 $124,393 
Operating Income (Loss)
IoT Products & Services Operating Segments Operating Income$13,643 $14,239 $25,343 $28,654 
Unallocated IoT Products & Services Expenses(11)(1,274)(1,370)(3,006)
Total IoT Products & Services Segment Operating Income13,632 12,965 23,973 25,648 
IoT Solutions Operating Segments Operating (Loss) Income(5,481)(14)(3,689)16 
Unallocated IoT Solutions Expenses— (776)— (1,526)
Total IoT Solutions Segment Operating Loss(5,481)(790)(3,689)(1,510)
Total operating income$8,151 $12,175 $20,284 $24,138 
Depreciation and Amortization
IoT Products & Services$3,107 $3,046 $6,205 $6,338 
IoT Solutions4,958 4,800 9,911 9,620 
Total depreciation and amortization$8,065 $7,846 $16,116 $15,958 
Payments to Acquire Property, Plant and Equipment by Segment
Total expended for property, plant and equipment was (in thousands):
Six months ended March 31,
20242023
IoT Products & Services$336 $2,260 
IoT Solutions*333 508 
Total expended for property, plant and equipment$669 $2,768 
* Excluded from these amounts are $4,046 and $2,685 of transfers of inventory to property plant and equipment for subscriber assets for the six months ended March 31, 2024 and 2023, respectively.
Reconciliation of Assets from Segment to Consolidated
Total assets for each of our segments were (in thousands):
March 31,
2024
September 30,
2023
IoT Products & Services$393,805 $384,018 
IoT Solutions407,700 419,820 
Unallocated*23,795 31,693 
Total assets$825,300 $835,531 
*Unallocated consists of cash and cash equivalents.