Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating Activities    
Net (loss) income $ (2,744) $ 997
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 388 430
Write-down of inventory 48 120
Deferred income taxes (35)  
Non-cash stock compensation expense 164 103
Provision for (reversal of) allowance for doubtful accounts 35 (19)
Changes in operating assets and liabilities:    
Accounts receivable 3,194 (2,683)
Inventories (2,796) (2,161)
Other assets 1,106 (207)
Accounts payable (643) 1,979
Accrued income taxes (284) 968
Accrued and other liabilities (665) 140
Contract liabilities (276) 2,822
Net cash (used in) provided by operating activities (2,508) 2,489
Investing Activities    
Purchases of property, plant and equipment (224) (45)
Net cash used in investing activities (224) (45)
Financing Activities    
Proceeds from the exercise of stock options 34 69
Repurchase of common stock   (2,713)
Payments on long-term debt (14) (97)
Net cash provided by (used in) financing activities 20 (2,741)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 372 175
Net Decrease in Cash, Cash Equivalents and Restricted Cash (2,340) (122)
Cash and Cash Equivalents , Beginning of Period 46,874 32,836
Cash, Cash Equivalents and Restricted Cash, End of Period 44,534 32,714
Supplemental Cash Flow Information:    
Income tax payments, net 378 629
Interest paid $ 2 $ 75