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Stock-based compensation (Tables)
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Stock option activity
The following table summarizes the Company’s stock option activity since December 31, 2022:
Number of
Options
Weighted-Average
Exercise
Price
Weighted-Average
Remaining
Contractual
Term (Years)
Aggregate
Intrinsic
Value (in thousands)
Outstanding as of December 31, 2022
4,034,287 $6.90 6.9$1,625 
Granted— $— 
Exercised(8,978)$3.92 
Cancelled/Forfeited(21,808)$8.11 
Outstanding as of June 30, 2023
4,003,501 $6.90 6.3$— 
Options exercisable as of June 30, 2023
2,722,036 $6.14 5.4$— 
Options vested and expected to vest as of June 30, 2023
4,003,501 $6.90 6.3$— 
Restricted stock units activity The following table summarizes the activity related to the Company's restricted stock units:
Outstanding Restricted Stock UnitsWeighted-Average
Grant Date Fair Value
Outstanding as of December 31, 2022
2,807,981 $7.85 
Granted2,914,195 3.95 
Vested(767,847)6.78 
Cancelled(424,500)7.33 
Outstanding as of June 30, 2023
4,529,829 $5.57 
Classification of stock-based compensation
The following table summarizes the classification of the Company’s stock-based compensation expense in the condensed consolidated statements of operations:
(in thousands)Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Cost of revenue$88 $170 $237 $253 
Sales and marketing742 760 1,449 1,061 
Technology development959 1,299 2,010 1,731 
General and administrative1,463 934 2,662 1,463 
Total stock-based compensation expense$3,252 $3,163 $6,358 $4,508