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Stock-Based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-based Compensation Expense | The following table shows stock-based compensation expense by where the stock-based compensation expense is recorded in the Company’s unaudited condensed consolidated statement of operations:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Cost of revenue | $ | 33 |  |  | $ | 20 |  |  | $ | 82 |  |  | $ | 52 |
Sales and marketing | 822 |  |  | 189 |  |  | 2,190 |  |  | 599 |
Research and development | 579 |  |  | 329 |  |  | 1,464 |  |  | 836 |
General and administrative | 2,769 |  |  | 1,442 |  |  | 7,028 |  |  | 3,629 |
Total stock-based compensation | $ | 4,203 |  |  | $ | 1,980 |  |  | $ | 10,764 |  |  | $ | 5,116 |
Schedule of Weighted-Average Assumptions to Determine Fair Value | The weighted-average assumptions utilized to determine the fair value of options granted to employees are presented in the following table:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Expected volatility | 62.6 | % |  | 53.7 | % |  | 63.2 | % |  | 52.9 | %
Weighted-average risk-free interest rate | 4.03 | % |  | 2.65 | % |  | 3.71 | % |  | 2.52 | %
Expected dividend yield | — |  |  | — |  |  | — |  |  | — |
Expected life – in years | 6 |  | 6 |  | 6 |  | 6
Schedule of Option Activity | A summary of the Company’s option activity as of September 30, 2023, which all occurred under the 2019 Plan and the 2021 Plan, and changes during the nine months then ended are as follows:
| Number of Options |  | Weighted-Average Exercise Price (per share) |  | Weighted-Average Remaining Contractual Term (in years)
Outstanding at December 31, 2022 | 6,865,265 |  |  | $ | 4.82 |  |  | 7.68
Granted | 2,568,239 |  |  | 9.17 |  |  |
Exercised | (997,964) |  |  | 0.75 |  |  |
Forfeited | (261,364) |  |  | 9.76 |  |  |
Outstanding at September 30, 2023 | 8,174,176 |  |  | 6.50 |  |  | 7.81
Options exercisable at September 30, 2023 | 4,278,634 |  |  | 3.35 |  | 6.60
Schedule of Restricted Stock Unit Activity | A summary of RSU activity under the Company’s 2021 Plan for the nine months ended September 30, 2023 is as follows:
|  | Number of Shares |  | Weighted-Average Grant Date Fair Value |  | Aggregate Fair Value
Unvested balance at January 1, 2023 |  | 1,269,743 |  | $ | 11.97 |  |  | $ | 15,194 |
Granted |  | 1,908,880 |  | 8.83 |  | 16,855
Vested |  | (410,646) |  |  | 12.03 |  | 4,940 |
Forfeited |  | (133,599) |  |  | 13.14 |  | 1,755 |
Unvested balance as of September 30, 2023 |  | 2,634,378 |  | $ | 9.83 |  |  | $ | 25,896 |
Schedule of Performance Share Units Activity | A summary of PSU activity under the Company’s 2021 Plan for the nine months ended September 30, 2023 is as follows:
|  | Number of Shares |  | Weighted-Average Grant Date Fair Value |  | Aggregate Fair Value
Unvested balance at January 1, 2023 |  | 1,283,620 |  | $ | 11.22 |  |  | $ | 14,402 |
Granted |  | — |  | — |  | —
Vested |  | (5,226) |  |  | 10.05 |  | 53 |
Forfeited |  | (200,668) |  |  | 11.96 |  | 2,400 |
Unvested balance at September 30, 2023 |  | 1,077,726 |  | $ | 11.61 |  |  | $ | 12,512 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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