Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity (Tables)

v3.23.1
Stockholders’ Equity (Tables)
 3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Summary of Share-Based Compensation Expense The following table sets forth share-based compensation expense included in the condensed consolidated statements of operations:
Three Months Ended March 31,
(in thousands)
2023 2022
Cost of revenue 21  10 
Research and development 282  361 
Sales and marketing 362  150 
General and administrative 642  378 
Share-based compensation expense $ 1,307  $ 899 
Share-based compensation expense by type of share-based award:
Three Months Ended March 31,
(in thousands)
2023 2022
Stock options 248  318 
RSAs and RSUs 992  525 
ESPP 67  56 
$ 1,307  $ 899 
Total unrecognized compensation expense by type of award and the weighted-average remaining requisite period over which such expense is expected to be recognized (in thousands, unless otherwise noted):
March 31, 2023
Unrecognized Expense Remaining Weighted-Average Recognition Period (in years)
Stock options $ 1,708  2.15
RSAs and RSUs $ 9,803  2.45
Schedule of Stock Option Activity
Stock option activity under all of the Company’s plans during the three months ended March 31, 2023 is summarized below:
Stock Options Weighted-average
Exercise price
per share		 Weighted-average
Remaining Contractual Life (in years)
Intrinsic
Value(1)
(in thousands)
Outstanding at December 31, 2022 1,398,286  $ 8.69 
Granted 111,107  $ 8.10 
Outstanding at March 31, 2023 1,509,393  $ 8.65  6.17 $ 5,336 
Exercisable at March 31, 2023 1,134,204  $ 8.12  5.23 $ 5,087 
Vested and expected to vest at March 31, 2023 1,509,393  $ 8.65  6.17 $ 5,336 
(1) Intrinsic value is calculated as the estimated fair value of the Company’s stock at the end of the related period less the option exercise price of in-the-money options.
Schedule of Restricted Stock Activity
Restricted stock award ("RSA") activity for the three months ended March 31, 2023 is summarized below:
Restricted Stock Awards Weighted - Average
Grant
Date Fair Value
Outstanding at December 31, 2022 684,389  $ 11.10 
Vested (15,036) $ 14.17 
Forfeited (1,064) $ 9.40 
Outstanding at March 31, 2023 668,289  $ 11.04 
Restricted Stock Unit Activity
Restricted stock unit ("RSU") activity for the three months ended March 31, 2023 is summarized below:
Restricted Stock Units Weighted - Average
Grant
Date Fair Value
Outstanding at December 31, 2022 13,146  $ 11.41 
Granted 630,922  $ 8.17 
Vested (4,846) $ 8.32 
Outstanding at March 31, 2023 639,222  $ 8.24