Discontinued Operations (Tables)

12 Months Ended

Sep. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of discontinued operations

During the twelve months ended September 30, 2023, the Company recorded a $1.4 million loss on divestiture. The following table presents the financial results of automation business discontinued operations with respect to the automation business (in thousands):

	Year Ended September 30,
	2022		2021
Revenue
Products	$	244,962	$	624,358
Services		19,468		55,698
Total revenue		264,430		680,056
Cost of revenue
Products		141,165		354,786
Services		11,159		29,750
Total cost of revenue		152,324		384,536
Gross profit		112,106		295,520
Operating expenses
Research and development		18,486		48,647
Selling, general and administrative		30,622		70,634
Restructuring charges		-		230
Total operating expenses		49,108		119,511
Operating income		62,998		176,009
Gain on divestiture		2,561,820		133
Income before income taxes		2,624,818		176,142
Income tax expense		480,673		35,357
Net income from discontinued operations	$	2,144,145	$	140,785

The following table presents the significant non-cash items and capital expenditures for the discontinued operations with respect to the semiconductor automation business that are included in the Consolidated Statements of Cash Flows (in thousands):

	Year Ended September 30,
		2022		2021
Depreciation and amortization	$	-	$	8,472
Capital expenditures		2,862		6,414
Stock-based compensation		-		7,405