v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net income $ 460 $ 2,962
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 1,887 864
Write-down of inventory 517 115
Deferred income taxes (3,172)  
Non-cash share-based compensation expense 338 240
Provision for allowance for doubtful accounts 156 41
Other, net   (2)
Changes in operating assets and liabilities:    
Accounts receivable 1,113 (8,321)
Inventories (4,631) (2,433)
Other assets 2,215 (788)
Accounts payable (1,497) 1,407
Accrued income taxes (1,192) 1,272
Accrued and other liabilities (2,289) 331
Contract liabilities 768 3,951
Net cash used in operating activities (5,327) (361)
Investing Activities    
Purchases of property, plant and equipment (976) (125)
Acquisition, net of cash and cash equivalents acquired (35,498)  
Net cash used in investing activities (36,474) (125)
Financing Activities    
Proceeds from the exercise of stock options 331 98
Repurchase of common stock   (4,115)
Payments on long-term debt (412) (198)
Borrowings on long-term debt 12,000  
Net cash provided by (used in) financing activities 11,919 (4,215)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 741 286
Net Decrease in Cash, Cash Equivalents and Restricted Cash (29,141) (4,415)
Cash and Cash Equivalents , Beginning of Period 46,874 32,836
Cash, Cash Equivalents and Restricted Cash, End of Period 17,733 28,421
Supplemental Cash Flow Information:    
Income tax (payments) refunds, net (1,529) 250
Interest paid $ 94 $ 123

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