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Stock Incentive Plan (Tables)
9 Months Ended
Sep. 30, 2025
Stock Incentive Plan  
Schedule of stock option activity

Options Outstanding

Weighted

Average

Number of

Weighted

Remaining

Aggregate

Stock Options

Average

Contractual

Intrinsic Value

    

Outstanding

    

Exercise Price

    

Term (In Years)

    

(In Thousands)

Balance, December 31, 2024

 

691,450

$

8.86

 

3.21

$

31,209

Options granted

695,767

$

50.86

6.38

Options forfeited/cancelled

(29,423)

Options exercised

 

(138,387)

$

5.32

Balance, September 30, 2025

 

1,219,407

$

32.34

4.90

$

11,160

Exercisable as of September 30, 2025

 

554,270

$

15.19

2.49

$

10,521

Schedule of assumptions used to determine the fair value of stock options

 

September 30,

September 30,

    

2025

    

2024

Expected term (in years)

1.1-6.1

2-7

Risk-free interest rate

3.9%-4.5%

4.5%-4.9%

Expected volatility

69.3%-100.4%

62.3%-77.2%

Expected dividend rate

0

0

Fair value of options granted

$13.55-$38.85

$10.35-$14.97

Schedule of stock based compensation expense

Three months ended September 30, 

Nine months ended September 30, 

    

2025

    

2024

    

2025

    

2024

Cost of Revenues

$

82

$

14

$

220

$

28

Engineering and Product Development

(16)

15

144

27

Sales and Marketing

 

437

47

1,184

81

General and Administrative

 

1,513

128

3,845

362

Total

$

2,016

$

204

$

5,393

$

498