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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
Stockholders' Equity [Abstract]  
Summary of Stock Option Activity



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

Stock Options Outstanding



 

Number

 

 

 

 

Weighted average



 

of shares

 

Exercise price

 

exercise price

Balances, December 31, 2018

 

25,176 

 

$

 1.1616.00 

 

$

5.66 

Additional shares reserved 

 

 

 

 

 

 

 

 

Options granted

 

 —

 

 

 

 

 

 —

Options exercised

 

(1,199)

 

$

1.167.05

 

$

4.78 

Options canceled

 

(1,280)

 

$

2.5416.00 

 

$

8.01 

Balances, December 31, 2019

 

22,697 

 

$

 1.1616.00 

 

$

5.57 



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 

414,207 

 

2.87 

 

$

1.18 

 

414,207 

 

$

1.18 



$

1.603.20 

5,720,080 

 

6.38 

 

$

2.54 

 

3,680,040 

 

$

2.54 



$

3.204.80 

3,110,896 

 

3.88 

 

$

4.02 

 

2,858,193 

 

$

4.02 



$

4.806.40 

5,935,013 

 

6.12 

 

$

5.46 

 

4,895,635 

 

$

5.46 



$

 6.408.00 

2,554,434 

 

5.19 

 

$

7.21 

 

2,525,441 

 

$

7.21 



$

 8.009.60

3,061,742 

 

4.63 

 

$

8.77 

 

2,938,483 

 

$

8.77 



$

 9.6011.20

1,224,700 

 

4.94 

 

$

10.20 

 

1,224,700 

 

$

10.20 



$

 11.2012.80

423,252 

 

1.08 

 

$

12.10 

 

423,252 

 

$

12.10 



$

 12.8014.40

163,250 

 

1.00 

 

$

13.71 

 

163,210 

 

$

13.71 



$

 14.4016.00

89,000 

 

0.80 

 

$

15.99 

 

89,000 

 

$

15.99 



 

 

22,696,574 

 

5.30 

 

$

5.57 

 

19,212,161 

 

$

5.90 



 

 

 

 

 

 

 

 

 

 

 

 

 



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

900 

 

 

7.06 

RSUs vested

(127)

 

 

4.35 

RSUs forfeited

(58)

 

 

5.86 

Unvested RSUs outstanding at December 31, 2019

1,086 

 

$

6.12 



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 December 31, 2019

138 

 

$

2.63 



Schedule of Stock-Based Compensation Expense



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Years Ended December 31,



2019

 

2018

 

2017

Cost of revenue

$

1,857 

 

$

3,124 

 

$

2,311 

Research and development

 

7,699 

 

 

10,076 

 

 

8,506 

Sales, general and administrative

 

6,845 

 

 

9,953 

 

 

9,535 

Total stock-based compensation expense

$

16,401 

 

$

23,153 

 

$

20,352 



Schedule of Fair Value of Employee Stock Options



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Years Ended December 31,



 

2019

 

2018

 

2017

Expected term (years)

 

 

  

 

 

5.2 years

 

 

6.1 years

Expected volatility

 

 

  

 

 

66.8%

 

 

70.0%

Risk-free interest rate

 

 

 

 

2.6%

 

 

2.1%

Dividend yield

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



Schedule of Fair Value of Employee Stock Purchase Plan



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Years Ended December 31,



 

2019

 

2018

 

2017

Expected term (years)

 

 

 

 

0.5 - 2.0

 

 

0.5 - 2.0

Expected volatility

 

 

 

 

65% - 67%

 

 

70.0%

Risk-free interest rate

 

 

 

 

1.3%-2.7%

 

 

0.8%-1.4%

Dividend yield