v3.26.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments
The following table summarizes the impact of the revisions in the Condensed Consolidated Statement of Operations for the interim periods ended March 31, 2025 (in thousands, except per share data):
Three months ended March 31, 2025
(unaudited)As Previously ReportedAdjustmentsAs Revised
Revenue
Services$101,463 $(80)$101,383 
Total revenue143,418 (80)143,338 
Cost of revenue
Products23,159 1,835 24,994 
Services54,373 1,188 55,561 
Total cost of revenue77,532 3,023 80,555 
Gross profit65,886 (3,103)62,783 
Operating expenses
Research and development6,869 733 7,602 
Selling, general and administrative71,588 (1,793)69,795 
Total operating expenses82,037 (1,060)80,977 
Operating loss(16,151)(2,043)(18,194)
Loss from continuing operations before income taxes(10,505)(2,042)(12,547)
Income tax expense7,680 (437)7,243 
Loss from continuing operations(18,185)(1,605)(19,790)
Loss from discontinued operations, net of tax(22,271)(5,600)(27,871)
Net loss$(40,456)$(7,205)$(47,661)
Basic net loss per share:
Loss from continuing operations$(0.40)$(0.03)$(0.43)
Loss from discontinued operations, net of tax(0.49)(0.12)(0.61)
Basic net loss per share$(0.89)$(0.15)$(1.04)
Diluted net loss per share:
Loss from continuing operations$(0.40)$(0.03)$(0.43)
Loss from discontinued operations, net of tax(0.49)(0.12)(0.61)
Diluted net loss per share$(0.89)$(0.15)$(1.04)
Weighted average shares used in computing net income (loss) per share:
Basic45,73245,732
Diluted45,73245,732
Six months ended March 31, 2025
(unaudited)As Previously ReportedAdjustmentsAs Revised
Revenue
Services$205,146 $(154)$204,992 
Total revenue290,928 (154)290,774 
Cost of revenue
Products48,493 542 49,035 
Services107,878 2,259 110,137 
Total cost of revenue156,371 2,801 159,172 
Gross profit134,557 (2,955)131,602 
Operating expenses
Research and development13,249 1,466 14,715 
Selling, general and administrative144,801 (5,030)139,771 
Total operating expenses162,061 (3,564)158,497 
Operating loss(27,504)609 (26,895)
Loss from continuing operations before income taxes(16,357)611 (15,746)
Income tax expense11,249 (132)11,117 
Loss from continuing operations(27,606)743 (26,863)
Loss from discontinued operations, net of tax(26,190)(5,600)(31,790)
Net loss$(53,796)$(4,857)$(58,653)
Basic net loss per share:
Loss from continuing operations$(0.60)$0.01 $(0.59)
Loss from discontinued operations, net of tax$(0.57)$(0.13)$(0.70)
Basic net loss per share$(1.17)$(0.12)$(1.29)
Diluted net loss per share:
Loss from continuing operations$(0.60)$0.01 $(0.59)
Loss from discontinued operations, net of tax$(0.57)$(0.13)$(0.70)
Diluted net loss per share$(1.17)$(0.12)$(1.29)
Weighted average shares used in computing net income (loss) per share:
Basic45,65845,658
Diluted45,65845,658
The following table summarizes the impact of the revisions in the Condensed Consolidated Statement of Comprehensive Income (Loss) for the interim periods ended March 31, 2025 (in thousands):
Three months ended March 31, 2025
(unaudited)As Previously ReportedAdjustmentsAs Revised
Net loss$(40,456)$(7,205)$(47,661)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments23,438 (38)23,400 
Total other comprehensive income (loss), net of tax13,088 (38)13,050 
Comprehensive income (loss)$(27,368)$(7,243)$(34,611)
Six months ended March 31, 2025
(unaudited)As Previously ReportedAdjustmentsAs Revised
Net loss$(53,796)$(4,857)$(58,653)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments(23,860)(63)(23,923)
Total other comprehensive income (loss), net of tax(28,685)(63)(28,748)
Comprehensive income (loss)$(82,481)$(4,920)$(87,401)
The following table summarizes the impact of the revisions in the Condensed Consolidated Statement of Cash Flows for the interim period ended March 31, 2025 (in thousands):
Six months ended March 31, 2025
As Previously ReportedAdjustmentsAs Revised
Cash flows from operating activities
Net loss$(53,796)$(4,857)$(58,653)
Adjustments to reconcile net loss to net cash provided by operating activities:
Loss on assets held for sale24,187 7,661 31,848 
Deferred income taxes(1,885)(2,298)(4,183)
Changes in operating assets and liabilities:
Inventories(6,030)250 (5,780)
Accounts Payable1,864 117 1,981 
Accrued compensation and tax withholdings(2,379)423 (1,956)
Other assets and liabilities12,752 (1,295)11,457 
Net cash provided by operating activities$44,201 $— $44,201