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Segment Information
9 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information

12. Segment Information

Segment revenue, operating (loss) income, and depreciation and amortization were as follows:

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

(In thousands)

2024

 

 

2023

 

 

2024

 

 

2023

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

Medical Device

$

23,383

 

 

$

46,014

 

 

$

71,754

 

 

$

84,739

 

In Vitro Diagnostics

 

6,958

 

 

 

6,469

 

 

 

21,097

 

 

 

19,875

 

Total revenue

$

30,341

 

 

$

52,483

 

 

$

92,851

 

 

$

104,614

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating (loss) income:

 

 

 

 

 

 

 

 

 

 

 

Medical Device

$

(2,288

)

 

$

21,777

 

 

$

(2,210

)

 

$

7,483

 

In Vitro Diagnostics

 

3,153

 

 

 

2,866

 

 

 

9,633

 

 

 

9,450

 

Total segment operating income

 

865

 

 

 

24,643

 

 

 

7,423

 

 

 

16,933

 

Corporate

 

(6,234

)

 

 

(3,231

)

 

 

(12,455

)

 

 

(9,333

)

Total operating (loss) income

$

(5,369

)

 

$

21,412

 

 

$

(5,032

)

 

$

7,600

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

Medical Device

$

1,958

 

 

$

1,997

 

 

$

5,928

 

 

$

5,883

 

In Vitro Diagnostics

 

92

 

 

 

78

 

 

 

285

 

 

 

230

 

Corporate

 

76

 

 

 

76

 

 

 

342

 

 

 

252

 

Total depreciation and amortization

$

2,126

 

 

$

2,151

 

 

$

6,555

 

 

$

6,365

 

The Corporate category includes expenses that are not fully allocated to the Medical Device and In Vitro Diagnostics segments. These Corporate costs are related to administrative corporate functions, such as executive management, corporate accounting, information technology, legal, human resources and Board of Directors. Corporate may also include expenses, such as litigation and merger-and-acquisition-related costs, which are not specific to a segment and thus not allocated to the reportable segments.

Asset information by segment is not presented because the Company does not provide its chief operating decision maker assets by segment, as the data is not readily available.