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 ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net loss $ (1,906) $ (5,268)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,838 1,651
Amortization of discount on investments (766) (1,160)
Deferred taxes (544) (320)
Stock-based compensation 1,139 1,271
Accounts receivable 6,873 11,750
Inventories, net 6,871 4,169
Other assets (1,027) 815
Accounts payable and accrued expenses (5,328) (2,108)
Net cash provided by operating activities 7,150 10,800
Purchases of property, plant and equipment and intangible assets 2,069 2,412
Purchases of investments (39,015) (47,748)
Proceeds from sales and maturities of investments 54,476 51,068
Net cash provided by investing activities 13,392 908
Net Cash Provided by (Used in) Financing Activities [Abstract]    
Proceeds from issuance of common stock under employee stock purchase plan 301 250
Repurchase of shares for payment of withholding taxes for vested restricted stock grants (491) (236)
Net borrowings and repayments of factoring liability 77 (2,972)
Repurchase of common stock (6,275) (12,184)
Net cash used in financing activities (6,388) (15,142)
Effect of exchange rates on cash 132 91
Increase (decrease) in cash and cash equivalents 14,286 (3,343)
Cash and cash equivalents, beginning of year 16,167 37,827
Cash and cash equivalents, end of year 30,453 34,484
Supplemental disclosures for cash flow information    
Cash paid during the year for income taxes 405 61
Cash paid for interest 58 86
Right of use assets obtained through lease liabilities 3,663 0
Non-cash financing activities    
Cashless exercise of stock options $ 9 $ 0