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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2018
Stockholders' Equity [Abstract]  
Summary of Stock Option Activity



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

 

Stock Options Outstanding



 

 

 

 

 

 

 

Weighted



Shares available

 

Number

 

 

 

 

average



for grant

 

of shares

 

Exercise price

 

exercise price

Balances, December 31, 2017

6,795 

 

25,404 

 

$

 1.1616.00 

 

$

6.10 

Additional shares reserved 

6,976 

 

 

 

 

 

 

 

 

Options granted

(4,183)

 

4,183 

 

 

2.474.28

 

 

2.56 

Options exercised

—  

 

(340)

 

 

1.165.27

 

 

2.49 

Options canceled

1,850 

 

(1,850)

 

 

1.1616.0 

 

 

6.12 

Balances, September 30, 2018

11,438 

 

27,397 

 

$

 1.1616.00 

 

$

5.60 



Summary of Time-Based RSUs Activity



 

 

 

 



 

 

Weighted average



Number

 

grant date



of shares

 

fair value

RSUs outstanding at December 31, 2017

 —

 

$

 —

RSUs granted

365 

 

 

2.57 

RSUs released

 —

 

 

 —

RSUs forfeited

(16)

 

 

2.54 

Unvested RSUs outstanding at September 30, 2018

349 

 

$

2.57 



Summary of Performance-Based RSUs Activity



 

 

 

 



 

 

Weighted average



Number

 

grant date



of shares

 

fair value

PSUs outstanding at December 31, 2017

 —

 

$

 —

PSUs granted

657 

 

 

2.58 

PSUs released

 —

 

 

 —

PSUs forfeited

(23)

 

 

2.54 

Unvested PSUs outstanding at September 30, 2018

634 

 

$

2.58 



Schedule of Stock-Based Compensation Expense



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended September 30,

 

Nine Months Ended September 30,



2018

 

2017

 

2018

 

2017

Cost of revenue

$

608 

 

$

608 

 

$

1,905 

 

$

1,703 

Research and development

 

2,207 

 

 

2,071 

 

 

6,658 

 

 

6,131 

Sales, general and administrative

 

2,310 

 

 

2,289 

 

 

7,068 

 

 

7,128 

Total stock-based compensation expense

$

5,125 

 

$

4,968 

 

$

15,631 

 

$

14,962 



Schedule of Fair Value of Employee Stock Options



 

 

 

 

 

 

 



 

 

 

 

 

 

 



Three Months Ended September 30,

 

Nine Months Ended September 30,

Stock Option

2018

 

2017

 

2018

 

2017

Expected term in years

5.2

 

6.1

 

5.2

 

6.1

Expected volatility

65%

 

70%

 

67%

 

70%

Risk-free interest rate

2.8%

 

1.9%

 

2.5%

 

2.1%

Dividend yield

 

 

 



 

 

 

 

 

 

 



Schedule of Fair Value of Employee Stock Purchase Plan



 

 

 

 

 

 

 



 

 

 

 

 

 

 



Three Months Ended September 30,

 

Nine Months Ended September 30,

ESPP

2018

 

2017

 

2018

 

2017

Expected term in years

0.5-2.0

 

0.5-2.0

 

0.5-2.0

 

0.5-2.0

Expected volatility

65%

 

70%

 

65% - 67%

 

70%

Risk-free interest rate

1.3%-2.7%

 

1.1%-1.4%

 

1.3%-2.7%

 

0.8%-1.4%

Dividend yield