v3.24.2.u1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net (loss) income $ (11,626) $ 29,837
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,481 4,411
Amortization of discount on investments (3,304) (2,429)
Deferred taxes (3,523) 0
Stock-based compensation 3,437 2,504
Changes in operating assets and liabilities, net of acquired amounts:    
Accounts receivable 946 24,519
Inventories, net 23,440 (21,510)
Other assets (8,030) (3,525)
Accounts payable and accrued expenses 1,643 (20,326)
Net cash provided by operating activities 8,464 13,481
Cash flows from investing activities    
Purchases of property, plant and equipment, and intangible assets (5,608) (6,529)
Purchases of investments (124,137) (210,923)
Proceeds from maturities of investments 142,067 105,077
Net cash provided by (used in) investing activities 12,322 (112,375)
Cash flows from financing activities    
Issuance of long-term debt 2,142 0
Repayment of long-term debt (2,142) (16,700)
Proceeds from issuance of common stock under employee stock purchase plan 586 612
Repurchase of shares for payment of withholding taxes for stock grants (240) (954)
Tax withholding and proceeds related to exercise of stock options (9) (493)
Issuance of stock under equity compensation plans 0 954
Net proceeds from issuance of common stock 0 130,262
Repurchase of common stock (33,374) 0
Net cash (used in) provided by financing activities (33,037) 113,681
Effect of exchange rates on cash 48 (52)
(Decrease) increase in cash and cash equivalents (12,203) 14,735
Cash and cash equivalents, beginning of period 37,827 16,650
Cash and cash equivalents, end of period 25,624 31,385
Supplemental disclosures for cash flow information    
Cash paid for income taxes 165 12,589
Cash paid for interest expense 302 360
Right of use assets obtained through lease liabilities 4,614 3,776
Non-cash financing activities    
Cashless exercise of stock options $ 19 $ 566

Source