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Stockholders' Equity | 3 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Stockholders' Equity | 17. STOCKHOLDERS’ EQUITY Summary The following table summarizes changes in the components of stockholders’ equity during the three months ended December 31, 2024 and 2023, respectively (amounts in thousands, except par value and share amounts):
|  | Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Shares |  |  | Par Value Amount |  |  | Additional Paid-in Capital |  |  | Accumulated Deficit |  |  | Accumulated Other Comprehensive Loss |  |  | Total Stockholders' Equity |
Balance as of September 30, 2024 |  |  | 44,631,030 |  |  | $ | 446 |  |  | $ | 125,690 |  |  | $ | (107,792 | ) |  | $ | (335 | ) |  | $ | 17,563 |
Share-based compensation expense |  |  | — |  |  |  | — |  |  |  | 391 |  |  |  | — |  |  |  | — |  |  |  | 391 |
Issuance of common stock upon exercise of stock options, net |  |  | 667 |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 1 |
Issuance of common stock upon vesting of restricted stock units |  |  | 27,666 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Obligation to issue common stock in Evertel acquisition |  |  | 270,271 |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Accumulated other comprehensive loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (207 | ) |  |  | (207 | )
Net loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,078 | ) |  |  | — |  |  |  | (4,078 | )
Balance as of December 31, 2024 |  |  | 44,929,634 |  |  | $ | 449 |  |  | $ | 126,082 |  |  | $ | (111,870 | ) |  | $ | (542 | ) |  | $ | 13,670 |
|  | Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Shares |  |  | Par Value Amount |  |  | Additional Paid-in Capital |  |  | Accumulated Deficit |  |  | Accumulated Other Comprehensive Loss |  |  | Total Stockholders' Equity |
Balance as of September 30, 2023 |  |  | 37,211,071 |  |  | $ | 372 |  |  | $ | 110,379 |  |  | $ | (76,062 | ) |  | $ | (505 | ) |  | $ | 33,812 |
Share-based compensation expense |  |  | — |  |  |  | — |  |  |  | 446 |  |  |  | — |  |  |  | — |  |  |  | 446 |
Issuance of common stock upon offering, net of issuance costs |  |  | 5,750,000 |  |  |  | 57 |  |  |  | 10,449 |  |  |  | — |  |  |  | — |  |  |  | 10,449 |
Issuance of common stock upon vesting of restricted stock units |  |  | 10,000 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Issuance of common stock in business combination |  |  | 986,486 |  |  |  | 10 |  |  |  | 1,924 |  |  |  | — |  |  |  | — |  |  |  | 1,924 |
Obligation to issue common stock |  |  | — |  |  |  | — |  |  |  | 527 |  |  |  | — |  |  |  | — |  |  |  | 527 |
Release of obligation to issue common stock |  |  | 69,564 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Accumulated other comprehensive loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 119 |  |  |  | 119 |
Net loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6,724 | ) |  |  | — |  |  |  | (6,724 | )
Balance as of December 31, 2023 |  |  | 44,027,121 |  |  | $ | 440 |  |  | $ | 123,725 |  |  | $ | (82,786 | ) |  | $ | (386 | ) |  | $ | 40,553 |
Common stock activity During the three months ended December 31, 2024, 667 stock options were exercised and the Company issued 27,666 shares of common stock in connection with the vesting of RSUs. During the three months ended December 31, 2023, there were no exercises of stock options and the Company issued 10,000 shares of common stock in connection with the vesting of RSUs. On October 4, 2023, the Company completed an underwritten public offering of 5,750,000 shares of its common stock at a public offering price of $2.00 per share of common stock. The Company received gross proceeds of approximately $11,500 from the offering, before underwriting discounts and commissions and offering expenses of $1,051. The Company intends to use the net proceeds from this offering for general corporate purposes, including funding organic growth, working capital, capital expenditures, and continued research and development with respect to products and technologies, as well as costs related to post-closing integration with the Evertel business and research and development activities related to the integrated business. In connection with the Evertel acquisition, the Company issued 986,486 shares of common stock to the former owners of Evertel. The fair value of the Company’s stock on the closing date was $1.95 which resulted in the addition of $1,924 to additional-paid-in-capital. The Company also issued 236,343 shares of common stock to the former owners of Evertel, in connection with the settlement of a portion of the contingent consideration liability. This resulted in the addition of $656 to additional-paid-in-capital. Under the terms of the Purchase Agreement, the Company recorded an obligation to issue 81,083 shares of common stock to the former owners of Evertel and three key employees during the three months ended June 30, 2024, resulting in an addition of $158 to additional-paid-in-capital. Also, in connection with the Evertel acquisition, the Company issued 270,271 shares of the Company’s common stock to the seller of Evertel twelve months from the closing date. The fair value of the Company’s common stock on the closing date was $1.95, resulting in the addition of $527 to additional paid-in-capital. During the three months ended December 31, 2023, the Company issued the final 69,564 shares to the former owners of the Amika Mobile assets in connection with the Amika Mobile asset purchase. Share buyback program In December 2022, the Board of Directors extended the Company’s share buyback program through December 31, 2024. Under the program, the Company was authorized to repurchase up to $5,000 of its outstanding common shares and expired on December 31, 2024. There were no shares repurchased during the three months ended December 31, 2024 and 2023. All repurchased shares have been retired. Dividends There were no dividends declared in the three months ended December 31, 2024 and 2023.

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