Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net income $ 2,962 $ 473
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 864 644
Write-down of inventory 115 230
Non-cash stock compensation expense 240 149
Provision for allowance for doubtful accounts 41 28
Other, net (2) 8
Changes in operating assets and liabilities:    
Accounts receivable (8,321) (5,485)
Inventories (2,433) 859
Other assets (788) (1,132)
Accounts payable 1,407 3,122
Accrued income taxes 1,272 536
Accrued and other liabilities 331 1,232
Contract liabilities 3,951 (929)
Net cash used in operating activities (361) (265)
Investing Activities    
Purchases of property, plant and equipment (125) (433)
Acquisition, net of cash and cash equivalents acquired   (5,082)
Net cash used in investing activities (125) (5,515)
Financing Activities    
Proceeds from the exercise of stock options 98 930
Repurchase of common stock (4,115)  
Payments on long-term debt (198) (189)
Net cash (used in) provided by financing activities (4,215) 741
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 286 368
Net Decrease in Cash, Cash Equivalents and Restricted Cash (4,415) (4,671)
Cash and Cash Equivalents , Beginning of Period 32,836 45,070
Cash, Cash Equivalents and Restricted Cash, End of Period 28,421 40,399
Supplemental Cash Flow Information:    
Income tax refunds (payments), net 250 (277)
Interest paid, net of capitalized interest $ 123 $ 109