Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense

The Company recorded stock-based compensation expense in the following expense categories in its accompanying condensed consolidated statements of operations and comprehensive income (loss):


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2026		2025		2026		2025
Cost of sales	$	22	$	18	$	49	$	39
Research and development		144		136		326		442
Sales and marketing		458		801		995		1,204
General and administrative		755		1,345		1,617		2,191
Total stock-based compensation	$	1,379	$	2,300	$	2,987	$	3,876

Schedule of Stock Option Activity

The following table summarizes stock option activity for the Plans for the six months ended June 30, 2026:


	Number of shares			Weighted average exercise price per share		Weighted average remaining contractual term (years)		Aggregate intrinsic value (in 000’s)
Outstanding at December 31, 2025		4,707,635		$	1.58		6.61
Exercised		(481,893	)		0.93
Forfeited/expired		(82,450	)		2.06
Outstanding at June 30, 2026		4,143,292		$	1.65		6.58	$	3,667
Vested and expected to vest at June 30, 2026		4,143,292		$	1.65		6.58	$	3,667
Exercisable at June 30, 2026		2,847,531		$	1.69		5.85	$	2,606

Schedule of RSU Activity

The following table summarizes RSU activity for the Plans for the six months ended June 30, 2026:


	Number of shares			Weighted average grant date fair value per share
Unvested at December 31, 2025		3,530,813		$	2.08
Granted		255,310			3.89
Vested		(668,941	)		1.03
Forfeited/expired		(139,805	)		2.53
Unvested at June 30, 2026		2,977,377		$	2.45

Schedule of PSU Activity

The following table summarizes PSU activity for the Plans for the six months ended June 30, 2026:


	Number of shares			Weighted average grant date fair value per share
Unvested at December 31, 2025		1,760,048		$	1.58
Adjustment to conform prior period presentation to target units(1)		(586,683	)		1.58
Vested(2)		(432,851	)		1.58
Forfeited		(153,832	)		1.58
Unvested at June 30, 2026		586,682		$	1.58

(1)

As of June 30, 2026, the Company changed its presentation of unvested PSUs in the table above from the maximum number of shares issuable under the award agreements to the target number of shares specified in those agreements. This change had no effect on compensation expense recognized, diluted earnings per share, or the number of shares reserved for issuance under the Plan. PSUs are presented at the target number of shares because the Company has assessed target-level achievement of the applicable performance criteria as the probable outcome for compensation expense recognition purposes under ASC 718. Compensation expense is recognized based on the number of units deemed probable of vesting, which may differ from the target, maximum, or actual number of units ultimately earned upon final certification. As of June 30, 2026, the maximum number of shares that could be earned under outstanding PSU grants was 1,173,366 shares.

(2)

Represents PSUs granted for the 2025 performance period for which the Compensation Committee certified achievement of the applicable 2025 net revenue and Adjusted EBITDA performance conditions on March 17, 2026. The service condition for this tranche was satisfied and vested as of December 31, 2025 and the common stock associated with the PSUs was issued in March 2026.