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Equity Incentive Plans (Tables) | 6 Months Ended
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Mar. 31, 2024
Equity Incentive Plans [Abstract] |
Summary of Activity in the Company's RSUs | A summary of activity in the Company’s RSUs for the six months ended March 31, 2024 is as follows:
|  | Number of units |  | Weighted- Average Grant Date Fair Value per Unit
Outstanding at September 30, 2023 |  | 209,494 |  |  | $ | 6.84
Performance-based RSUs |  | 3,999,999 |  |  | $ | 8.65
Vested |  | (130,934 | ) |  | $ | 6.84
Outstanding at March 31, 2024 |  | 4,078,559 |  |  | $ | 8.61
Schedule of Stock Option Activity | Stock option activity for the six months ended March 31, 2024 is as follows:
|  | Number of Options |  | Weighted- Average Exercise Price per Share |  | Weighted- Average Remaining Contractual Term (years)
Outstanding at September 30, 2023 |  | 5,905,684 |  |  | $ | 4.28 |  |
Granted |  | 32,200 |  |  | $ | 6.84 |  |
Exercised |  | (474,313 | ) |  | $ | 5.91 |  |
Forfeited |  | (941,042 | ) |  | $ | 6.53 |  |
Outstanding at March 31, 2024 |  | 4,522,529 |  |  | $ | 3.66 |  | 6.3
Exercisable at March 31, 2024 |  | 4,041,704 |  |  | $ | 3.29 |  | 6.1
Schedule of Weighted-Average Grant Date Fair Value of Options Granted | The fair value of stock options granted was estimated with the following assumptions:
|  | Six months ended March 31,
|  | 2024 |  | 2023
|  | Range |  | Range
|  | Low |  | High |  | Low |  | High
Expected volatility |  | 54.8 | % |  | 55.6 | % |  | 52.4 | % |  | 53.6 | %
Expected dividend yield |  | 0 | % |  | 0 | % |  | 0 | % |  | 0 | %
Risk-free interest rate |  | 3.9 | % |  | 4.4 | % |  | 3.6 | % |  | 4.2 | %
Expected term (years) |  | 4.5 |  |  | 5.3 |  |  | 5.0 |  |  | 5.8 |
Schedule of Consolidated Statements of Operations and Comprehensive Loss Include Stock-Based Compensation Expense | The condensed consolidated statements of operations and comprehensive loss include stock-based compensation expense as follows:
|  | Three months ended March 31, |  | Six months ended March 31,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Cost of revenue |  | $ | — |  | $ | 11 |  | $ | — |  | $ | 22
Research and development |  |  | 274 |  |  | 541 |  |  | 775 |  |  | 1,083
Selling, general and administrative |  |  | 1,167 |  |  | 5,227 |  |  | 13,371 |  |  | 8,530
Total stock-based compensation expense |  | $ | 1,441 |  | $ | 5,779 |  | $ | 14,146 |  | $ | 9,635

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- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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