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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2018
Stockholders' Equity [Abstract]  
Summary of Stock Option Activity



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

 

Stock Options Outstanding



Shares available

 

Number

 

 

 

 

Weighted 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

(4,204)

 

4,204 

 

$

2.474.28 

 

$

2.57 

Options exercised

—  

 

(1,720)

 

$

1.167.05

 

$

3.73 

Options canceled

2,712 

 

(2,712)

 

$

1.1616.00 

 

$

6.19 

Balances, December 31, 2018

12,279 

 

25,176 

 

$

 1.1616.00 

 

$

5.66 



Reconciliation of Outstanding and Exercisable Stock Options



 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

Options Outstanding

 

Options Exercisable



 

 

 

 

Weighted average

 

 

 

 

 

 

 

 



 

 

Number

 

remaining contractual

 

Weighted average

 

Number

 

Weighted average



Exercise price

outstanding

 

life (Years)

 

exercise price

 

vested

 

exercise price



$

 0.001.60 

438,233 

 

3.84 

 

$

1.18 

 

438,233 

 

$

1.18 



$

1.603.20 

6,141,372 

 

7.30 

 

$

2.53 

 

2,877,885 

 

$

2.47 



$

3.204.80 

3,587,706 

 

4.63 

 

$

4.07 

 

3,064,649 

 

$

4.10 



$

4.806.40 

6,390,401 

 

6.98 

 

$

5.45 

 

4,258,318 

 

$

5.53 



$

 6.408.00 

2,868,379 

 

5.74 

 

$

7.19 

 

2,604,086 

 

$

7.14 



$

 8.009.60

3,560,966 

 

5.24 

 

$

8.77 

 

2,853,592 

 

$

8.76 



$

 9.6011.20

1,293,448 

 

5.82 

 

$

10.20 

 

1,035,715 

 

$

10.23 



$

 11.2012.80

449,502 

 

2.00 

 

$

12.13 

 

449,502 

 

$

12.13 



$

 12.8014.40

323,250 

 

1.08 

 

$

13.94 

 

3,227,035 

 

$

13.94 



$

 14.4016.00

122,750 

 

1.49 

 

$

15.99 

 

122,750 

 

$

15.99 



 

 

25,176,007 

 

6.03 

 

$

5.66 

 

18,027,465 

 

$

6.09 



 

 

 

 

 

 

 

 

 

 

 

 

 



Summary of Time-Based RSUs Activity



 

 

 

 



 

 

Weighted average



Number

 

grant date



of shares

 

fair value

RSUs outstanding at December 31, 2017

 —

 

$

 —

RSUs granted

413 

 

 

3.14 

RSUs released

 —

 

 

 —

RSUs forfeited

(42)

 

 

2.54 

Unvested RSUs outstanding at December 31, 2018

371 

 

$

3.20 



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

(71)

 

 

2.54 

Unvested PSUs outstanding at December 31, 2018

586 

 

$

2.58 



Schedule of Stock-Based Compensation Expense



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Years Ended December 31,



2018

 

2017

 

2016

Cost of revenue

$

3,124 

 

$

2,311 

 

$

2,133 

Research and development

 

10,076 

 

 

8,506 

 

 

8,257 

Sales, general and administrative

 

9,953 

 

 

9,535 

 

 

9,172 

Total stock-based compensation expense

$

23,153 

 

$

20,352 

 

$

19,562 



Schedule of Fair Value of Employee Stock Options



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Years Ended December 31,



 

2018

 

2017

 

2016

Expected term (years)

 

 

5.2 years

 

 

6.1 years

 

 

6.1 years

Expected volatility

 

 

66.8%

 

 

70.0%

 

 

70.0%

Risk-free interest rate

 

 

2.6%

 

 

2.1%

 

 

1.5%

Dividend yield

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



Schedule of Fair Value of Employee Stock Purchase Plan



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Years Ended December 31,



 

2018

 

2017

 

2016

Expected term (years)

 

 

0.5 - 2.0

 

 

0.5 - 2.0

 

 

0.5 - 2.0

Expected volatility

 

 

65% - 67%

 

 

70.0%

 

 

70.0%

Risk-free interest rate

 

 

1.3%-2.7%

 

 

0.8%-1.4%

 

 

0.5%-0.9%

Dividend yield