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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 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

—  

 

(1,157)

 

 

1.167.05

 

 

4.84 

Options canceled

971 

 

(971)

 

 

2.5416.00 

 

 

8.33 

Balances, September 30, 2019

20,762 

 

23,048 

 

$

 1.1616.00 

 

$

5.59 



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

854 

 

 

7.16 

RSUs vested

(80)

 

 

2.58 

RSUs forfeited

(51)

 

 

5.66 

Unvested RSUs outstanding at September 30, 2019

1,094 

 

$

6.22 



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 vested

(204)

 

 

2.57 

PSUs forfeited

(244)

 

 

2.57 

Unvested PSUs outstanding at September 30, 2019

138 

 

$

2.63 



Schedule of Stock-Based Compensation Expense



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



Three Months Ended September 30,

 

Nine Months Ended September 30,

 



2019

 

2018

 

2019

 

2018

 

Cost of revenue

$

450 

 

$

608 

 

$

1,406 

 

$

1,905 

 

Research and development

 

1,906 

 

 

2,207 

 

 

5,836 

 

 

6,658 

 

Sales, general and administrative

 

1,706 

 

 

2,310 

 

 

5,290 

 

 

7,068 

 

Total stock-based compensation expense

$

4,062 

 

$

5,125 

 

$

12,532 

 

$

15,631 

 



Schedule of Fair Value of Employee Stock Options



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Three Months Ended September 30, 

 

Nine Months Ended September 30,

 

Stock Option

2019

 

2018

 

2019

 

2018

 

Expected term in years

 

5.2

 

 

5.2

 

Expected volatility

 

65%

 

 

67%

 

Risk-free interest rate

 

2.8%

 

 

2.5%

 

Dividend yield

 

 

 

 



 

 

 

 

 

 

 

 



Schedule of Fair Value of Employee Stock Purchase Plan



 

 

 

 

 

 

 



 

 

 

 

 

 

 



Three Months Ended September 30,

 

Nine Months Ended September 30,

ESPP

2019

 

2018

 

2019

 

2018

Expected term in years

 

0.5-2.0

 

 

0.5-2.0

Expected volatility

 

65%

 

 

65% - 67%

Risk-free interest rate

 

1.3%-2.7%

 

  

 

1.3%-2.7%

Dividend yield