Segment and Geographic Information (Tables)

9 Months Ended

Jun. 30, 2023

Segment and Geographic Information

Schedule of financial information for business segments

The following is the summary of the financial information for the Company’s reportable segments for the three and nine months ended June 30, 2023 and 2022 (in thousands):

	Three Months Ended June 30,				Nine Months Ended June 30,
	2023		2022		2023		2022
Revenue:
Life Sciences Products	$	74,571	$	47,369	$	223,091	$	150,861
Life Sciences Services		91,377		85,366		269,624		267,070
Total revenue	$	165,948	$	132,735	$	492,715	$	417,931
Operating income / (loss):
Life Sciences Products	$	(4,878)	$	1,965	$	(25,077)	$	11,173
Life Sciences Services		(3,813)		697		(13,302)		10,759
Segment operating (loss) income		(8,691)		2,662		(38,379)		21,932
Amortization of completed technology		4,656		1,810		13,725		5,424
Purchase accounting impact on inventory		2,956		—		8,737		—
Amortization of other intangible assets		7,522		5,745		22,403		18,064
Restructuring charges		812		25		3,773		319
Contingent consideration - fair value adjustments		(1,404)		—		(18,549)		—
Tariff adjustment		—		—		—		(486)
Other unallocated corporate expenses		(7,397)		155		(11,970)		8,717
Total operating (loss) income		(15,836)		(5,073)		(56,498)		(10,106)
Interest income		11,347		6,822		32,406		9,933
Interest expense		—		(2,101)		—		(4,111)
Loss on extinguishment of debt		—		—		—		(632)
Other, net		819		630		(704)		(1,617)
(Loss) income before income taxes	$	(3,670)	$	278	$	(24,796)	$	(6,533)
Assets:			June 30, 2023		September 30, 2022
Life Sciences Products			$	948,701	$	378,790
Life Sciences Services				824,018		849,603
Total assets			$	1,772,719	$	1,228,393

Schedule of reconciliation of reportable segment assets to corresponding consolidated amounts

The following is a reconciliation of the segment assets to the corresponding amounts presented in the Condensed Consolidated Balance Sheets as of June 30, 2023 and September 30, 2022 (in thousands):

	June 30,		September 30,
	2023		2022
Segment assets	$	1,772,719	$	1,228,393
Cash and cash equivalents, restricted cash, and marketable securities		1,296,074		2,305,081
Deferred tax assets		—		1,169
Other assets		623		181,479
Total assets	$	3,069,416	$	3,716,122

Schedule of revenue from external customers attributed to geographic areas

Revenue from external customers is attributed to geographic areas based on locations in which customer orders are placed. Net revenue by geographic area for the three and nine months ended June 30, 2023 and 2022 are as follows (in thousands):

	Three Months Ended June 30,				Nine Months Ended June 30,
	2023		2022		2023		2022
Geographic Location:
North America	$	91,018	$	88,380	$	267,437	$	272,750
Rest of Europe		23,594		17,148		84,448		57,177
Africa		19,064		86		44,901		1,305
China		12,766		12,906		38,153		39,704
Asia Pacific/ Other		10,700		6,114		37,767		23,780
United Kingdom		8,806		8,101		20,009		23,215
Total revenue	$	165,948	$	132,735	$	492,715	$	417,931