Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net (loss) income $ (5,268,000) $ 14,255,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,695,000 1,353,000
Gain on sale of property, plant, and equipment (44,000) 0
Amortization of discount on investments (1,160,000) (218,000)
Deferred taxes (320,000) (80,000)
Stock-based compensation 1,271,000 660,000
Changes in operating assets and liabilities, net of acquired amounts:    
Accounts receivable 11,750,000 (549,000)
Inventories, net 4,169,000 (6,505,000)
Other assets 815,000 (176,000)
Accounts payable and accrued expenses (5,081,000) (7,637,000)
Net cash provided by operating activities 7,827,000 1,103,000
Cash flows from investing activities    
Purchases of property, plant and equipment and intangible assets (2,412,000) (2,213,000)
Purchases of investments (47,748,000) (98,881,000)
Proceeds from maturities of investments 51,068,000 0
Net cash provided by (used in) investing activities 908,000 (101,094,000)
Cash flows from financing activities    
Repayment of long-term debt 0 (16,700,000)
Proceeds from issuance of common stock under employee stock purchase plan 250,000 299,000
Repurchase of shares for payment of withholding taxes for stock grants (236,000) (954,000)
Tax withholding and proceeds related to exercise of stock options 0 (342,000)
Issuance of stock under equity compensation plans 0 954,000
Net proceeds from issuance of common stock 0 130,262,000
Repurchase of common stock 12,185,000 (0)
Net cash (used in) provided by financing activities (12,171,000) 113,519,000
Effect of exchange rates on cash 93,000 135,000
(Decrease) increase in cash and cash equivalents (3,343,000) 13,663,000
Cash and cash equivalents, beginning of year 37,827,000 16,650,000
Cash and cash equivalents, end of year 34,484,000 30,313,000
Supplemental disclosures for cash flow information    
Cash paid during the year for income taxes 61,000 0
Cash paid for interest 86,000 205,000
Non-cash financing activities    
Cashless exercise of stock options $ 0 $ 431,000