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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
A summary of the stock option activity under our equity incentive plans is as follows:
Number of OptionsWeighted- Average Exercise PriceWeighted- Average Remaining Contractual Term (years)
Aggregate Intrinsic Value
(in thousands)
Balance – December 31, 20241,997,466 $2.12 6.3$732 
Granted— — — — 
Exercised— — — — 
Forfeited, expired and cancelled— — — — 
Balance – March 31, 20251,997,466 $2.12 6.1$402 
Exercisable – March 31, 20251,540,180 $2.55 5.3$201 
Vested and expected to vest as of March 31, 20251,997,466 $2.12 6.1$402 
Schedule of Restricted Stock Unit Activity
A summary of restricted stock unit (“RSU”) activity under our equity incentive plans is as follows:
Number of AwardsWeighted- Average Grant Date Fair Value per Share
Unvested and outstanding balance at December 31, 20243,660,581 $1.34 
Granted306,013 1.50 
Vested(356,234)2.15 
Forfeited(558,994)1.44 
Unvested and outstanding balance at March 31, 20253,051,366 $1.24 
Schedule of Performance-based Restricted Stock Unit Activity
A summary of performance-based restricted stock unit (“PSU”) activity under our equity incentive plans is as follows:
Number of AwardsWeighted- Average Grant Date Fair Value per Share
Unvested and outstanding balance at December 31, 2024243,424 $7.59 
Granted— — 
Vested— — 
Forfeited(74,403)4.95 
Unvested and outstanding balance at March 31, 2025169,021 $8.75 
Schedule of Allocated Share-based Compensation Expense
Stock-based compensation expense under our equity incentive plans was as follows (in thousands):
Three Months Ended
March 31,
20252024
Cost of sales
$— $633 
Selling and administrative expenses
687 1,201 
Total$687 $1,834