Quarterly report [Sections 13 or 15(d)]

COMMON STOCK (Tables)

v3.26.1
COMMON STOCK (Tables)
3 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of disclosure of share-based compensation arrangements by share-based payment award
The significant assumptions used by the Company to estimate the fair value of the option awards are summarized below:
April 1, 2026
Term (years) 7.00 years
Volatility 1
99.9%
Dividend yield 2
0.00%
Risk-free interest rate 3
4.02%
Grant date fair value
$3.94
1 Volatility is based of the Company's historical stock price over a period of the expected term of the options.
2 Dividend yield is set to 0.00% as the Company has not historically paid dividends.
3 Risk-free interest rate is based on the Treasury yield for the expected term of the options.
Summary of share-based compensation expense
The following table details the Company's stock-based compensation expense (in thousands):
Three Months Ended June 30,
2026 2025
Cost of revenue $ $ (21)
Research and development 99  68 
Sales and marketing 138  76 
General and administrative 503  (652)
Total stock-based compensation $ 748  $ (529)
Three Months Ended June 30,
2026 2025
Restricted stock units $ 337  $ (305)
Performance share units (13) (224)
Stock options 424  — 
Total stock-based compensation $ 748  $ (529)