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STOCKHOLDERS’ EQUITY (Tables)
6 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Schedule of Stock-Based Compensation Expense
The following table summarizes stock-based compensation expense related to restricted stock units (“RSUs”), stock options, and Employee Stock Purchase Plan (“ESPP”) shares, which was allocated as follows (amounts in thousands):
Three Months Ended March 31,Six Months Ended March 31,
 2024202320242023
Cost of revenue$124 $66 $253 $192 
Selling and marketing940 1,047 1,761 1,538 
Research and development1,366 899 2,407 1,453 
General and administrative1,458 692 2,897 1,963 
Stock-based compensation expense included in expenses
$3,888 $2,704 $7,318 $5,146 
Schedule of Stock Option Activity
The following table summarizes stock option activity under the Company’s equity plans during the six months ended March 31, 2024:
Number of
Shares
Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual Term
(in years)
Aggregate Intrinsic Value
(in thousands)
Outstanding at September 30, 2023651,269 $7.37 3.6$2,185 
Granted— $— 
Exercised(166,634)$6.25 833 
Canceled— $— 
Outstanding at March 31, 2024484,635 $7.75 4.21,440 
Vested and Expected to Vest at March 31, 2024484,635 $7.75 4.21,440 
Exercisable at March 31, 2024484,635 $7.75 4.21,440 
Schedule of RSU Activity
The following table summarizes RSU activity under the Company’s equity plans during the six months ended March 31, 2024:
 
Number of
Shares
Weighted-Average
Fair Market Value
Per Share
Outstanding at September 30, 20232,188,296 $11.49 
Granted1,136,418 11.24 
Settled(534,146)10.98 
Canceled(116,632)11.73 
Outstanding at March 31, 20242,673,936 11.47 
Schedule of Performance RSU Activity
The following table summarizes Performance RSU activity under the Company’s equity plans during the six months ended March 31, 2024:
 
Number of
Shares
Weighted-Average
Fair Market Value
Per Share
Outstanding at September 30, 2023730,393 $13.37 
Granted778,232 11.05 
Settled(187,454)11.23 
Canceled(64,508)13.64 
Outstanding at March 31, 20241,256,663 12.24