Share-Based Compensation (Tables)
|
9 Months Ended |
Jun. 30, 2026 |
|---|
| Share-Based Payment Arrangement [Abstract] |
|
| Summary of Stock Option Activity |
A summary of the activity in options of the Company as of June 30, 2026, is presented below:
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|
Number of
Shares |
|
|
Weighted
Average
Exercise Price |
|
Outstanding September 30, 2025 |
|
|
3,999,116 |
|
|
$ |
2.71 |
|
Granted |
|
|
302,500 |
|
|
$ |
2.13 |
|
Forfeited/expired |
|
|
(300,001 |
) |
|
$ |
2.65 |
|
Exercised |
|
|
(82,417 |
) |
|
$ |
1.70 |
|
Outstanding June 30, 2026 |
|
|
3,919,198 |
|
|
$ |
2.69 |
|
Exercisable June 30, 2026 |
|
|
1,872,336 |
|
|
$ |
2.88 |
|
|
| Summary of Stock Options Outstanding |
The following table summarizes information about stock options outstanding as of June 30, 2026:
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Range of
Exercise Prices |
|
Number
Outstanding |
|
|
Weighted
Average
Remaining
Contractual
Term |
|
|
Weighted
Average
Exercise
Price |
|
|
Number
Exercisable |
|
|
Weighted
Average
Exercise
Price |
|
$1.70-$1.70 |
|
|
553,083 |
|
|
|
4.79 |
|
|
$ |
1.70 |
|
|
|
319,263 |
|
|
$ |
1.70 |
|
$1.84-$2.45 |
|
|
337,500 |
|
|
|
8.92 |
|
|
$ |
2.14 |
|
|
|
21,042 |
|
|
$ |
2.25 |
|
$2.59-$2.59 |
|
|
600,750 |
|
|
|
5.44 |
|
|
$ |
2.59 |
|
|
|
202,810 |
|
|
$ |
2.59 |
|
$2.64-$2.68 |
|
|
85,000 |
|
|
|
4.00 |
|
|
$ |
2.67 |
|
|
|
59,792 |
|
|
$ |
2.66 |
|
$2.69-$2.69 |
|
|
1,000,000 |
|
|
|
3.27 |
|
|
$ |
2.69 |
|
|
|
200,000 |
|
|
$ |
2.69 |
|
$2.70-$3.39 |
|
|
692,138 |
|
|
|
3.63 |
|
|
$ |
2.92 |
|
|
|
539,638 |
|
|
$ |
2.98 |
|
$3.40-$6.87 |
|
|
650,727 |
|
|
|
2.43 |
|
|
$ |
3.68 |
|
|
|
529,791 |
|
|
$ |
3.71 |
|
|
|
|
3,919,198 |
|
|
|
4.25 |
|
|
$ |
2.69 |
|
|
|
1,872,336 |
|
|
$ |
2.88 |
|
|
| Summary of Weighted Average Assumptions |
The weighted average estimated fair value of employee stock options that vest without a market condition granted during the nine months ended June 30, 2026 and 2025, was calculated using the Black-Scholes option-pricing model with the following weighted average assumptions (annualized percentages):
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|
Nine Months Ended
June 30, |
|
|
|
2026 |
|
|
2025 |
|
Volatility |
|
|
61.5 |
% |
|
|
60.8 |
% |
Risk-free interest rate |
|
|
3.6 |
% |
|
|
4.1 |
% |
Dividend yield |
|
|
0.0 |
% |
|
|
0.0 |
% |
Expected term in years |
|
|
3.8 |
|
|
|
3.7 |
|
|
| Summary of Company's RSU Activity |
A summary of the Company’s RSUs as of June 30, 2026, is presented below:
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|
Number of
Shares |
|
|
Weighted
Average Grant
Date Fair Value |
|
Outstanding September 30, 2025 |
|
|
277,342 |
|
|
$ |
2.62 |
|
Granted |
|
|
858,533 |
|
|
$ |
2.05 |
|
Vested |
|
|
(298,564 |
) |
|
$ |
2.55 |
|
Forfeited/cancelled |
|
|
(10,833 |
) |
|
$ |
3.84 |
|
Outstanding June 30, 2026 |
|
|
826,478 |
|
|
$ |
2.04 |
|
|
| Summary of Share-based Compensation Expense |
The Company recorded share-based compensation expense and classified it in the condensed consolidated statements of operations as follows:
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Three Months Ended
June 30, |
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|
Nine Months Ended
June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Cost of revenues |
|
$ |
16 |
|
|
$ |
18 |
|
|
$ |
57 |
|
|
$ |
55 |
|
Selling, general and administrative |
|
|
212 |
|
|
|
384 |
|
|
|
1,054 |
|
|
|
1,048 |
|
Research and development |
|
|
41 |
|
|
|
57 |
|
|
|
128 |
|
|
|
161 |
|
|
|
$ |
269 |
|
|
$ |
459 |
|
|
$ |
1,239 |
|
|
$ |
1,264 |
|
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