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Stockholders' Equity | 6 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
Stockholders' Equity | 17. STOCKHOLDERS’ EQUITY Summary The following table summarizes changes in the components of stockholders’ equity during the six months ended March 31, 2025 and 2024, 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 |
Share-based compensation expense |  |  | — |  |  | $ | — |  |  | $ | 414 |  |  | $ | — |  |  | $ | — |  |  | $ | 414 |
Issuance of common stock upon exercise of stock options, net |  |  | 23,480 |  |  |  | — |  |  |  | 42 |  |  |  | — |  |  |  | — |  |  |  | 42 |
Issuance of common stock upon vesting of restricted stock units |  |  | 201,390 |  |  |  | 2 |  |  |  | (18 | ) |  |  | — |  |  |  | — |  |  |  | (18 | )
Accumulated other comprehensive income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 87 |  |  |  | 87 |
Net loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6,139 | ) |  |  | — |  |  |  | (6,139 | )
Balance as of March 31, 2025 |  |  | 45,154,504 |  |  | $ | 451 |  |  | $ | 126,520 |  |  | $ | (118,009 | ) |  | $ | (455 | ) |  | $ | 8,056 |
|  | 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 |
Share-based compensation expense |  |  | — |  |  | $ | — |  |  | $ | 524 |  |  | $ | — |  |  | $ | — |  |  | $ | 524 |
Issuance of common stock upon vesting of restricted stock units |  |  | 229,233 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Shares retained for payment of taxes in connection with settlement of restricted stock units |  |  | (6,846 | ) |  |  | — |  |  |  | (12 | ) |  |  | — |  |  |  | — |  |  |  | (12 | )
Settlement of contingent consideration in shares of common stock |  |  | 236,343 |  |  |  | 3 |  |  |  | 656 |  |  |  | — |  |  |  | — |  |  |  | 656 |
Obligation to issue common stock |  |  | — |  |  |  | — |  |  |  | 158 |  |  |  | — |  |  |  | — |  |  |  | 158 |
Accumulated other comprehensive loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (59 | ) |  |  | (59 | )
Net loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6,938 | ) |  |  | — |  |  |  | (6,938 | )
Balance as of March 31, 2024 |  |  | 44,485,851 |  |  | $ | 445 |  |  | $ | 125,051 |  |  | $ | (89,724 | ) |  | $ | (445 | ) |  | $ | 34,882 |
Common stock activity 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 six months ended March 31, 2024, 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 six months ended March 31, 2025 and 2024. All repurchased shares have been retired. Dividends There were no dividends declared in the six months ended March 31, 2025 and 2024.

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