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Equity and Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Stock-based Compensation Expense

Total estimated stock-based compensation expense for employees and non-employees, related to all of the Company’s stock-based awards, was as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Cost of revenue

 

$

159

 

 

$

162

 

 

$

290

 

 

$

337

 

Selling and marketing

 

 

375

 

 

 

410

 

 

 

862

 

 

 

900

 

Research and development

 

 

273

 

 

 

324

 

 

 

497

 

 

 

680

 

General and administrative

 

 

39

 

 

 

4,074

 

 

 

302

 

 

 

5,012

 

Total stock-based compensation

 

$

846

 

 

$

4,970

 

 

$

1,951

 

 

$

6,929

 

Stock Activity and Total Number of Shares Available for Grant

The following table presents the stock activity and the total number of shares available for grant as of June 30, 2024:

 

 

 

(in thousands)

 

Balance at December 31, 2023

 

 

1,059

 

Options Cancelled

 

 

1

 

Restricted Stock Granted

 

 

(205

)

Restricted Stock Forfeited

 

 

19

 

Performance Shares Granted

 

 

(171

)

Balance at June 30, 2024

 

 

703

 

Stock Option Activity

 

 

Options Outstanding

 

 

 

Number of
Shares
Underlying
Outstanding
Options

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Term

 

 

Aggregate
Intrinsic
Value

 

 

 

 

 

 

 

 

 

(in years)

 

 

 

 

Outstanding at December 31, 2023

 

 

1,041,452

 

 

$

9.10

 

 

 

4.22

 

 

$

3,137,285

 

Options Granted

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Options Exercised

 

 

(346,842

)

 

 

8.27

 

 

 

 

 

 

 

Options Forfeited

 

 

(824

)

 

 

60.87

 

 

 

 

 

 

 

Outstanding at June 30, 2024

 

 

693,786

 

 

$

9.45

 

 

 

4.85

 

 

$

4,060,476

 

Vested and expected to vest at June 30, 2024

 

 

695,434

 

 

$

9.53

 

 

 

4.85

 

 

$

4,060,476

 

Exercisable at June 30, 2024

 

 

693,421

 

 

$

9.49

 

 

 

4.85

 

 

$

4,060,476

 

Restricted Stock Awards  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Restricted Stock Activity

 

 

Shares

 

 

Weighted
Average
Grant Date
Fair Value
Per Share

 

Nonvested restricted stock at December 31, 2023

 

 

764,942

 

 

$

14.76

 

Granted

 

 

205,268

 

 

 

17.05

 

Vested

 

 

(317,552

)

 

 

14.16

 

Shares forfeited

 

 

(19,236

)

 

 

10.47

 

Nonvested restricted stock at June 30, 2024

 

 

633,422

 

 

$

15.93