v3.26.1
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Jun. 30, 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 June 30, 2025 (in thousands, except per share data):
Three months ended June 30, 2025
(unaudited)As Previously ReportedAdjustmentsAs Revised
Revenue
Services$104,555 $(87)$104,468 
Total revenue143,942 (87)143,855 
Cost of revenue
Products19,592 (20)19,572 
Services56,590 1,289 57,879 
Total cost of revenue76,182 1,269 77,451 
Gross profit67,760 (1,356)66,404 
Operating expenses
Research and development6,685 732 7,417 
Selling, general and administrative61,035 (952)60,083 
Total operating expenses68,474 (220)68,254 
Operating loss(714)(1,136)(1,850)
Income from continuing operations before income taxes3,438 (1,135)2,303 
Income tax expense2,758 (123)2,635 
Income (loss) from continuing operations680 (1,012)(332)
Loss from discontinued operations, net of tax(53,486)5,831 (47,655)
Net loss$(52,806)$4,819 $(47,987)
Basic net loss per share:
Income (loss) from continuing operations$0.01 $(0.02)$(0.01)
Loss from discontinued operations, net of tax(1.17)0.13 (1.04)
Basic net loss per share$(1.16)$0.11 $(1.05)
Diluted net loss per share:
Income (loss) from continuing operations$0.01 $(0.02)$(0.01)
Loss from discontinued operations, net of tax(1.17)0.13 (1.04)
Diluted net loss per share$(1.16)$0.11 $(1.05)
Weighted average shares used in computing net income (loss) per share:
Basic45,78045,780
Diluted45,82345,780
Nine months ended June 30, 2025
(unaudited)As Previously ReportedAdjustmentsAs Revised
Revenue
Services$309,701 $(241)$309,460 
Total revenue434,870 (241)434,629 
Cost of revenue
Products68,085 522 68,607 
Services164,468 3,548 168,016 
Total cost of revenue232,553 4,070 236,623 
Gross profit202,317 (4,311)198,006 
Operating expenses
Research and development19,934 2,198 22,132 
Selling, general and administrative205,836 (5,982)199,854 
Total operating expenses230,535 (3,784)226,751 
Operating loss(28,218)(527)(28,745)
Loss from continuing operations before income taxes(12,919)(524)(13,443)
Income tax expense14,007 (255)13,752 
Loss from continuing operations(26,926)(269)(27,195)
Loss from discontinued operations, net of tax(79,676)231 (79,445)
Net loss$(106,602)$(38)$(106,640)
Basic net loss per share:
Loss from continuing operations$(0.59)$— $(0.59)
Loss from discontinued operations, net of tax$(1.74)$— $(1.74)
Basic net loss per share$(2.33)$— $(2.33)
Diluted net loss per share:
Loss from continuing operations$(0.59)$— $(0.59)
Loss from discontinued operations, net of tax$(1.74)$— $(1.74)
Diluted net loss per share$(2.33)$— $(2.33)
Weighted average shares used in computing net income (loss) per share:
Basic45,71245,712
Diluted45,71245,712
The following table summarizes the impact of the revisions in the Condensed Consolidated Statement of Comprehensive Income (Loss) for the interim periods ended June 30, 2025 (in thousands):
Three months ended June 30, 2025
(unaudited)As Previously ReportedAdjustmentsAs Revised
Net loss$(52,806)$4,819 $(47,987)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments57,321 (223)57,098 
Total other comprehensive income (loss), net of tax22,514 (223)22,291 
Comprehensive income (loss)$(30,292)$4,596 $(25,696)
Nine months ended June 30, 2025
(unaudited)As Previously ReportedAdjustmentsAs Revised
Net loss$(106,602)$(38)$(106,640)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments33,462 (286)33,176 
Total other comprehensive income (loss), net of tax(6,171)(286)(6,457)
Comprehensive income (loss)$(112,773)$(324)$(113,097)
The following table summarizes the impact of the revisions in the Condensed Consolidated Statement of Cash Flows for the interim period ended June 30, 2025 (in thousands):
Nine months ended June 30, 2025
As Previously ReportedAdjustmentsAs Revised
Cash flows from operating activities
Net loss$(106,602)$(38)$(106,640)
Adjustments to reconcile net loss to net cash provided by operating activities:
Loss on assets held for sale93,025 (319)92,706 
Stock-based compensation15,887 829 16,716 
Deferred income taxes(20,025)(360)(20,385)
Changes in operating assets and liabilities:
Inventories(10,069)71 (9,998)
Accounts Payable(702)337 (365)
Accrued compensation and tax withholdings3,010 594 3,604 
Other assets and liabilities(535)(1,116)(1,651)
Net cash provided by operating activities$70,011 $— $70,011