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Equity-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Option Activity | The table below presents the activity of stock options under the Plan:
|  | Number of Options |  | Weighted-Average Grant Date Fair Value per Share |  | Weighted-Average Exercise Price per Share |  | Weighted-Average Remaining Contractual Term (Years)
Outstanding as of December 31, 2022 |  | 2,153,591 |  |  | $ | 2.70 |  |  | $ | 7.22 |  |  | 8.60
Expired |  | (13,001) |  |  | 3.28 |  |  | 9.86 |  |  |
Forfeited |  | (37,999) |  |  | 2.81 |  |  | 7.74 |  |  |
Outstanding as of December 31, 2023 |  | 2,102,591 |  |  | $ | 2.69 |  |  | $ | 7.20 |  |  | 7.42
Exercised |  | (188,751) |  |  | 1.87 |  |  | 8.24 |  |  |
Expired |  | (105,568) |  |  | 1.77 |  |  | 9.99 |  |  |
Forfeited |  | (65,330) |  |  | 2.43 |  |  | 5.98 |  |  |
Outstanding as of December 31, 2024 |  | 1,742,942 |  |  | $ | 2.64 |  |  | $ | 6.96 |  |  | 7.04
Schedule of Monte-Carlo Simulation Following Assumptions | The fair value of PSUs granted under the Plan was estimated on the grant date using the Monte Carlo simulation model with the following assumptions:
| 2024 Grants |  | 2023 Grants |  |
Valuation date stock price | $ | 7.45 |  |  | $ | 2.63 |  |  |
Remaining term of performance period | 2.47 years |  | 2.49 years |  |
Expected volatility | 71.50 | % |  | 81.00 | % |  |
Risk-free rate of return | 4.34 | % |  | 4.70 | % |  |
Expected annual dividend yield | — | % |  | — | % |  |
Schedule of Restricted Stock Units Activity | The table below presents the activity of performance-based restricted stock units under the Plan:
|  | Number of PSUs |  | Weighted-Average Grant Date Fair Value per Share |  | Weighted-Average Remaining Contractual Term (in Years) |  | Aggregate Intrinsic Value
Outstanding as of December 31, 2023 |  | 706,097 |  |  | $ | 3.15 |  |  | 2.0 |  | $ | 2,012 |
Granted |  | 821,365 |  |  | 12.66 |  |  |  |  |
Vested |  | — |  |  | — |  |  |  |  |
Forfeited |  | (67,500) |  |  | 3.50 |  |  |  |  |
Outstanding as of December 31, 2024 |  | 1,459,962 |  |  | $ | 8.48 |  |  | 1.6 |  | $ | 24,031 |
The table below presents the activity of restricted stock units under the Plan:
| Number of RSUs |  | Weighted-Average Grant Date Fair Value per Share |  | Weighted-Average Remaining Contractual Term (in Years) |  | Aggregate Intrinsic Value
Unvested as of December 31, 2022 | 2,282,778 |  |  | $ | 6.30 |  |  | 1.3 |  | $ | 4,520 |
Granted | 1,846,112 |  |  | 2.62 |  |  |  |  |
Vested | (979,810) |  |  | 6.44 |  |  |  |  |
Forfeited | (297,865) |  |  | 6.33 |  |  |  |  |
Unvested as of December 31, 2023 | 2,851,215 |  |  | $ | 3.89 |  |  | 1.2 |  | $ | 8,126 |
Granted | 1,296,910 |  |  | 6.89 |  |  |  |  |
Vested | (1,367,827) |  |  | 4.76 |  |  |  |  |
Forfeited | (338,327) |  |  | 4.38 |  |  |  |  |
Unvested as of December 31, 2024 | 2,441,971 |  |  | $ | 4.93 |  |  | 1.1 |  | $ | 40,195 |
Schedule of Stock Compensation Expense | The table below presents the equity-based compensation expense recorded for the following periods:
|  |  | Year Ended |  |  |
|  |  |  |  | December 31, 2024 |  | December 31, 2023 |  |  |
Cost of sales |  |  |  |  |  |  |  |  |  |
ESPP |  |  |  |  | $ | 237 |  |  | $ | — |  |  |  |
Stock options |  |  |  |  | 15 |  |  | 117 |  |  |  |
Restricted stock units |  |  |  |  | 1,903 |  |  | 2,540 |  |  |  |
Performance-based restricted stock units |  |  |  |  | 43 |  |  | 13 |  |  |  |
Total cost of sales |  |  |  |  | $ | 2,198 |  |  | $ | 2,670 |  |  |  |
Selling, general and administrative expenses |  |  |  |  |  |  |  |  |  |
ESPP |  |  |  |  | $ | 142 |  |  | $ | — |  |  |  |
Stock options |  |  |  |  | 1,155 |  |  | 1,578 |  |  |  |
Restricted stock units |  |  |  |  | 5,117 |  |  | 3,982 |  |  |  |
Performance-based restricted stock units |  |  |  |  | 2,714 |  |  | 428 |  |  |  |
Total selling, general and administrative expenses |  |  |  |  | $ | 9,128 |  |  | $ | 5,988 |  |  |  |
Total equity-based compensation expense |  |  |  |  | $ | 11,326 |  |  | $ | 8,658 |  |  |  |

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