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Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Compensation Expense for Share-Based Compensation Arrangements | Compensation expense included in the Company’s consolidated statements of loss for all share-based compensation arrangements was as follows for the years ended December 31, 2024, 2023, and 2022:
Share-based Compensation Expense: |  | 2024 |  | 2023 |  | 2022 |  |
Selling, general and administrative |  | $ | 19,532 |  |  | $ | 15,248 |  |  | $ | 6,844 |  |  |
Research and development |  | 856 |  |  | 563 |  |  | 169 |  |  |
Total share-based compensation expense |  | $ | 20,388 |  |  | $ | 15,811 |  |  | $ | 7,013 |  |  |
Schedule of Weighted-Average Assumptions | The weighted-average assumptions under the Black-Scholes option-pricing model for stock option grants as of December 31, 2024, 2023 and 2022 are as follows:
Stock Option Assumptions: |  | 2024 |  | 2023 |  | 2022 |  |
Stock option grants: |  |  |  |  |  |  |  |
Expected term (years) |  | 6.2 |  | 6.2 |  | 6.1 |  |
Expected volatility |  | 104.1 | % |  | 100.1 | % |  | 93.4 | % |  |
Risk-free interest rate |  | 4.3 | % |  | 3.9 | % |  | 2.7 | % |  |
Expected dividend yield |  | — |  |  | — |  |  | — |  |  |
Summary of Stock Option Activity | A summary of the combined stock option activity and other data for the Company’s stock option plans for the year ended December 31, 2024 is as follows:
Stock Option Activity and Other Data: |  | Number of Stock Options |  | Weighted Average Exercise Price per Share |  | Weighted Average Remaining Contractual Life |  | Aggregate Intrinsic Value
Stock options outstanding, January 1, 2024 |  | 10,299 |  |  | $ | 7.29 |  |  |  |  |
Granted |  | 2,961 |  |  | 13.75 |  |  |  |  |
Exercised |  | (734) |  |  | 7.30 |  |  |  |  |
Forfeited |  | (468) |  |  | 11.65 |  |  |  |  |
Expired |  | (266) |  |  | 16.30 |  |  |  |  |
Stock options outstanding, December 31, 2024 |  | 11,792 |  |  | $ | 8.53 |  |  | 6.8 |  | $ | 34,411 |
Stock options exercisable, December 31, 2024 |  | 7,799 |  |  | $ | 6.53 |  |  | 5.7 |  | $ | 32,380 |
Summary of Restricted Share Awards | A summary of the Company’s restricted share awards as of December 31, 2024, and changes during the year then ended, is reflected in the table below.
Restricted Share Activity and Other Data: |  | Number of Restricted Share Awards |  | Weighted Average Grant Date Fair Value
Non-vested restricted share awards outstanding, January 1, 2024 |  | 23 |  |  | $ | 8.20 |
Granted |  | 142 |  |  | 15.36 |
Vested |  | (11) |  |  | 8.20 |
Forfeited |  | (4) |  |  | 12.60 |
Non-vested restricted share awards outstanding, December 31, 2024 |  | 150 |  |  | $ | 14.88 |

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