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Share-Based Compensation
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Share-based compensation SHARE-BASED COMPENSATION
Restricted share units (the “RSU”)
A summary of the Company’s share-based compensation activities for the three months ended March 31, 2025 is presented below:
Number of shares Weighted
average grant
date fair value
Outstanding as of January 1, 2025150,260 $30.82 
Granted— — 
Vested— — 
Forfeited(500)30.79 
Outstanding as of March 31, 2025149,760$30.82 
Compensation expenses recognized in connection with RSUs are allocated to the following expense items.
Three Months Ended March 31,
20252024
(In thousands)
Cost of revenues139 — 
Selling and marketing expenses177 
General and administrative expenses570 237 
Research and development expenses256 34 
Total share compensation expenses$1,142 $275