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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2023
Stock-Based Compensation  
Summary of compensation costs related to stock-based awards

The following table summarizes compensation costs related to our stock-based awards (in thousands, except per share data):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2023

    

2022

    

2023

    

2022

 

Cost of revenue

$

103

$

113

$

208

$

226

Selling, general and administrative

 

655

 

859

 

1,287

 

1,674

Research and development

 

154

 

162

 

332

 

325

Net effect on net income (loss)

$

912

$

1,134

$

1,827

$

2,225

Summary of stock option activity

The following table summarizes the stock option transactions during the six months ended June 30, 2023 (in thousands, except per share data):

Weighted-

    

    

    

average

    

 

Weighted-

Remaining

 

Number of

average

Contractual

Aggregate

 

Options

Exercise

Life

Intrinsic

 

Stock Options

    

Outstanding

    

Price

    

(in years)

    

Value

 

 

Balance as of January 1, 2023

1,206

$

5.09

 

5.08

$

630

Granted

 

 

Exercised

 

(4)

2.30

Canceled and expired

 

(2)

4.79

Balance as of June 30, 2023

 

1,200

$

5.10

 

4.59

$

228

Options vested as of June 30, 2023 and unvested options expected to vest, net of forfeitures

 

1,200

$

5.10

 

4.59

$

228

Options exercisable as of June 30, 2023

 

1,143

$

5.20

 

4.51

$

207

Summary of restricted stock awards activity

A summary of activity related to restricted stock awards for the six months ended June 30, 2023 is presented below (in thousands, except per share data):

    

    

Weighted-Average

 

Grant Date

 

Stock Awards

    

Shares

    

Share Value

 

Non-vested as of January 1, 2023

984

$

5.55

Granted

 

90

$

3.65

Vested

 

(141)

$

5.89

Forfeited

(3)

$

5.40

Non-vested as of June 30, 2023

 

930

$

5.31

Summary of unvested at-risk performance shares

A summary of the status of our unvested at-risk, performance shares as of June 30, 2023 is presented below (in thousands, except per share data):

    

    

Weighted-Average

Grant Date

Stock Awards

    

Shares

    

Share Value

Non-vested as of January 1, 2023

76

$

15.37

Granted

 

13

$

3.71

Vested

 

$

Forfeited

$

Non-vested as of June 30, 2023

 

89

$

13.71

*The number of shares presented is based on achieving 150% of the targeted financial performance metric as defined in the at-risk, performance shares agreement.

** The first annual vesting was reported in Q4 2021, when 25% of the at-risk performance shares became eligible subject to review and confirmation by the Compensation Committee after year-end results were certified.