BUSINESS SEGMENT INFORMATION

12 Months Ended

Sep. 30, 2025

BUSINESS SEGMENT INFORMATION [Abstract]

BUSINESS SEGMENT INFORMATION

14.

BUSINESS SEGMENT INFORMATION

As discussed above in Note 1, the Company operates in three reportable segments: Logistics, Life Sciences and Manufacturing.

The Company’s Chief Executive Officer regularly reviews financial information at the reporting segment level in order to make decisions about resources to be allocated to the segments and to assess their performance.

The following tables presents selected financial information about the Company’s reportable segments and Corporate for the purpose of reconciling to the consolidated totals for the fiscal years ended September 30, 2025 and 2024:

For the year ended September 30, 2025 (in thousands)		Consolidated		Logistics		Life Sciences		Manufacturing		Corporate
Revenues	$	207,443	$	183,823	$	14,126	$	9,494	$	—
Forwarding expenses and cost of revenues		142,450		134,760		3,261		4,429		—
Gross profit		64,993		49,063		10,865		5,065		—
Selling, general and administrative		55,871		38,680		8,402		3,253		5,536
Amortization of intangible assets		2,688		—		—		—		2,688
Income (loss) from operations		6,434		10,383		2,463		1,812		(8,224	)
Interest expense		2,073		1,370		433		270		—
Identifiable assets		170,753		82,942		12,126		3,682		72,003
Capital expenditures, net of disposals	$	590	$	79	$	492	$	19	$	—

For the year ended September 30, 2024 (in thousands)	Consolidated			Logistics		Life Sciences		Manufacturing		Corporate
Revenues	$	183,184	$	159,958	$	13,154	$	10,072	$	—
Forwarding expenses and cost of revenues		124,800		117,501		2,638		4,661		—
Gross profit		58,384		42,457		10,516		5,411		—
Selling, general and administrative		52,327		37,057		7,216		3,129		4,925
Amortization of intangible assets		2,299		—		—		—		2,299
Income (loss) from operations		3,758		5,400		3,300		2,282		(7,224	)
Interest expense		2,318		1,667		367		284		—
Identifiable assets		110,610		42,495		11,230		4,162		52,723
Capital expenditures, net of disposals	$	1,003	$	84	$	911	$	8	$	—

Goodwill and intangible assets are recorded at the Corporate level and are included in identifiable assets.