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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2019
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, 2018

12,279 

 

25,176 

 

$

 1.1616.00 

 

$

5.66 

Additional shares reserved 

7,512 

 

 

 

 

 

 

 

 

Options granted

 —

 

 —

 

 

 —

 

 

 —

Options exercised

—  

 

(801)

 

 

1.167.05

 

 

4.84 

Options canceled

542 

 

(542)

 

 

2.5416.0 

 

10.27 

Balances, March 31, 2019

20,333 

 

23,833 

 

$

 1.1616.00 

 

$

5.58 



Summary of Time-Based RSUs Activity



 

 

 

 



 

 

Weighted average



Number

 

grant date



of shares

 

fair value

RSUs outstanding at December 31, 2018

371 

 

$

3.20 

RSUs granted

815 

 

 

7.18 

RSUs released

(78)

 

 

2.58 

RSUs forfeited

(6)

 

 

7.16 

Unvested RSUs outstanding at March 31, 2019

1,102 

 

$

6.17 



Summary of Performance-Based RSUs Activity



 

 

 

 



 

 

Weighted average



Number

 

grant date



of shares

 

fair value

PSUs outstanding at December 31, 2018

586 

 

$

2.58 

PSUs granted

 —

 

 

 —

PSUs released

(204)

 

 

2.57 

PSUs forfeited

(244)

 

 

2.57 

Unvested PSUs outstanding at March 31, 2019

138 

 

$

2.63 



Schedule of Stock-Based Compensation Expense



 

 

 

 

 

 



 

 

 

 

 

 



Three Months Ended March 31,

 



2019

 

2018

 

Cost of revenue

$

512 

 

$

664 

 

Research and development

 

2,012 

 

 

2,222 

 

Sales, general and administrative

 

1,857 

 

 

2,396 

 

Total stock-based compensation expense

$

4,381 

 

$

5,282 

 



Schedule of Fair Value of Employee Stock Options



 

 

 

 



 

 

 

 



Three Months Ended March 31,

 

Stock Option

2019

 

2018

 

Expected term in years

 

5.2

 

Expected volatility

 

67%

 

Risk-free interest rate

 

2.5%

 

Dividend yield

 

 



 

 

 

 



Schedule of Fair Value of Employee Stock Purchase Plan



 

 

 



 

 

 



Three Months Ended March 31,

ESPP

2019

 

2018

Expected term in years

 

0.5-2.0

Expected volatility

 

67%

Risk-free interest rate

  

 

1.9%-2.2%

Dividend yield