XML 50 R24.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Stock-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Schedule of Stock Option Activity | The following is a summary of stock option activity:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Weighted |  | ​ | ​
​ | ​ | Number | ​ | Average | ​ | Aggregate
​ | ​ | of | ​ | Exercise | ​ | Intrinsic
​ | ​ | Options | ​ | Price | ​ | Value
​ | ​ | ​ | ​ | ​ | ​ |  | (in thousands)
Balance as of December 31, 2021 | ​ | 2,749,441 | ​ | $ | 7.93 | ​ | ​ | $ | 16,262
Granted | ​ | 1,486,805 | ​ | $ | 8.14 | ​ | ​ | ​ | ​
Cancelled / Forfeited | ​ | (328,902) | ​ | $ | 7.96 | ​ | ​ | ​ | ​
Exercised | ​ | (150,509) | ​ | $ | 1.22 | ​ | ​ | ​ | ​
Balance as of December 31, 2022 |  | 3,756,835 | ​ | $ | 8.28 |  | ​ | $ | 36,616
Granted |  | 1,161,926 | ​ | $ | 14.20 |  | ​ | ​ |
Cancelled / Forfeited |  | (285,729) | ​ | $ | 10.52 |  | ​ | ​ |
Exercised |  | (144,187) | ​ | $ | 5.05 |  | ​ | ​ |
Balance as of December 31, 2023 |  | 4,488,845 | ​ | $ | 9.77 | ​ | ​ | $ | 97,266
Options exercisable as of December 31, 2023 |  | 2,450,327 | ​ | $ | 7.27 | ​ | ​ | $ | 59,295
Recognized Stock-Based Compensation Expense | The following table presents the components and classification of stock-based compensation expense for the periods indicated:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended
​ | ​ | December 31,
(in thousands) | ​ | 2023 | ​ | 2022
Stock options | ​ | $ | 5,901 | ​ | $ | 3,664
Employee Stock Purchase Plan | ​ | ​ | 402 | ​ | ​ | 223
Total stock-based compensation expense | ​ | ​ | 6,303 | ​ | ​ | 3,887
​ | ​ | ​ | ​ | ​ | ​ | ​
Selling, general & administrative | ​ | $ | 5,073 | ​ | $ | 3,304
Research & development | ​ | ​ | 1,152 |  | ​ | 519
Cost of goods sold | ​ | ​ | 78 |  | ​ | 64
​ | ​ | $ | 6,303 | ​ | $ | 3,887
ESPP |
Schedule of Assumptions Used to Determine the Grant-Date Fair Value of Stock Options | The following table provides the weighted average fair value of ESPP purchase rights and the related assumptions used in the Black-Scholes option pricing model for the years ended December 31, 2023 and 2022.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, | ​
​ | ​ | ​ | 2023 |  | ​ | ​ | 2022 | ​
Weighted average fair value per ESPP purchase right |  | $ | 5.64 | ​ | ​ | $ | 1.95 | ​
Expected term (in years) |  | ​ | 0.5 | ​ | ​ | ​ | 0.5 | ​
Expected volatility |  | ​ | 76.2% to 84.6 | % | ​ | ​ | 51.3% to 62.9 | %
Expected dividend yield |  | ​ | — | % | ​ | ​ | — | %
Risk-free interest rate |  | ​ | 4.77% to 5.53 | % | ​ | ​ | 0.22% to 2.52 | %
Employee Stock Option |
Schedule of Assumptions Used to Determine the Grant-Date Fair Value of Stock Options | The following table provides the weighted average fair value of options granted to employees and the related assumptions used in the Black-Scholes option pricing model for the years ended December 31, 2023 and 2022.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | December 31,
​ | ​ | ​ | 2023 |  | ​ | 2022 | ​
Weighted average fair value of options granted |  | $ | 10.65 | ​ | ​ | $ | 4.72 | ​
Expected term (in years) — non-officer employees |  | ​ | 5.5 to 6.1 | ​ | ​ | ​ | 5.3 to 6.1 | ​
Expected term (in years) — officer employees |  | ​ | 2.5 to 6.1 | ​ | ​ | ​ | 3.2 to 6.1 | ​
Expected volatility |  | ​ | 77.2% to 79.6 | % | ​ | ​ | 56.3% to 60.4 | %
Expected dividend yield |  | ​ | — | % | ​ | ​ | — | %
Risk-free interest rate |  | ​ | 3.40% to 4.89 | % | ​ | ​ | 1.75% to 4.18 | %

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_PlanNameAxis=cvrx_EmployeeStockPurchasePlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |