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Share-based Compensation (Tables)

9 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation

The following table presents total share-based compensation expense within each functional line item on the condensed consolidated statements of operations for the three and nine months ended September 30, 2025 and 2024 (in thousands):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
Cost of revenues			$	93					$	23					$	200					$	75
Research and development			258						196						792						437
Sales and marketing			200						103						489						314
General and administrative			1,299						871						3,624						1,888
Income from discontinued operations, net of tax			—						36						—						101
Total			$	1,850					$	1,229					$	5,105					$	2,815

Schedule of Stock Option Activity

The following table summarizes the Company’s stock option activity for the nine months ended September 30, 2025:

Outstanding — December 31, 2024			269,851
Granted			1,300,100
Exercised			(9,836)
Canceled			(74,426)
Outstanding — September 30, 2025			1,485,689
Exercisable — September 30, 2025			144,061

Schedule of Stock Options, Valuation Assumptions

The following table details the key assumptions utilized in the Monte Carlo simulation model used to calculate the grant-date fair value of the awards:

			January 6, 2025
Valuation date stock price			$	11.23
Simulation term (years)			10
Risk-free interest rate			4.57		%
Volatility			84.00		%
Expected dividend yield			—		%

The following table details the key assumptions utilized in the Monte Carlo simulation model used to calculate the grant-date fair value of the Market-based CEO RSUs:

			January 6, 2025
Valuation date stock price			$	11.23
Simulation term (years)			3
Risk-free interest rate			4.25		%
Volatility			105.63		%
Expected dividend yield			—		%
Correlation coefficient			0.3741

Schedule of Restricted Stock Unit Activity

The following table summarizes the Company’s RSU activity for the nine months ended September 30, 2025:

Non-vested — December 31, 2024			1,111,841
Granted			700,062
Vested			(327,317)
Forfeited			(115,542)
Non-vested — September 30, 2025			1,369,044

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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