STOCK-BASED COMPENSATION (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Stock-based Compensation Expense |
The following table summarizes stock-based compensation expense that the Company recorded in loss from operations for the periods shown:
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Years Ended December 31, |
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2024 |
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2023 |
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| Selling and marketing |
$ |
1,268 |
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$ |
621 |
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| General and administrative |
10,187 |
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|
9,236 |
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| Research and development |
6,658 |
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|
8,865 |
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| Stock-based compensation expense |
$ |
18,113 |
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$ |
18,722 |
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| Capitalized stock-based compensation |
$ |
1,308 |
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$ |
1,800 |
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| Schedule of Stock Option Activity |
The following is a summary of stock option activity for time-based options for the year ended December 31, 2024 (in thousands, except weighted-average exercise price and weighted average remaining contractual term).
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No. of
Options |
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Weighted-Average
Exercise Price |
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Weighted-Average Remaining Contractual Term (in Years) |
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Aggregate
Intrinsic Value |
| Outstanding - December 31, 2022 |
9,222 |
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|
$ |
1.11 |
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Granted |
— |
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$ |
— |
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Exercised |
(3,672) |
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$ |
0.85 |
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12,257 |
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Forfeited |
(79) |
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$ |
1.89 |
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Expired |
(76) |
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$ |
1.63 |
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| Outstanding - December 31, 2023 |
5,395 |
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$ |
1.27 |
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4.1 |
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| Granted |
— |
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— |
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| Exercised |
(287) |
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|
1.00 |
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280 |
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| Forfeited |
(2) |
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6.18 |
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| Expired |
(36) |
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2.77 |
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| Outstanding - December 31, 2024 |
5,070 |
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1.28 |
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2.9 |
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$ |
3,606 |
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| Unvested - December 31, 2024 |
1 |
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7.85 |
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6.1 |
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— |
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| Exercisable - December 31, 2024 |
5,069 |
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1.28 |
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2.9 |
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3,606 |
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| Schedule of Nonvested Restricted Stock Units Activity |
The following is a summary of RSU activity for the year ended December 31, 2024 (in thousands, except weighted-average grant date fair value):
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No. of
RSUs |
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Weighted-Average Grant Date Fair Value |
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Total Fair Value of Shares Vested |
| Outstanding - December 31, 2022 |
11,521 |
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$ |
4.28 |
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Granted |
4,704 |
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|
3.87 |
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Vested |
(3,239) |
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4.26 |
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$ |
13,788 |
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Forfeited |
(1,284) |
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4.12 |
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| Outstanding - December 31, 2023 |
11,702 |
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$ |
4.15 |
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| Granted |
8,639 |
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1.99 |
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| Vested |
(5,832) |
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|
3.88 |
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$ |
22,639 |
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| Forfeited |
(1,789) |
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|
3.56 |
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| Outstanding - December 31, 2024 |
12,720 |
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$ |
2.87 |
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| Schedule of Performance Stock Units |
The following is a summary of PSU activity for the year ended December 31, 2024 (in thousands, except weighted-average grant date fair value):
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No. of
PSUs
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Weighted-Average Grant Date Fair Value |
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Total Fair Value of Shares Vested |
| Outstanding - December 31, 2023 |
— |
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$ |
— |
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| Granted |
342 |
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2.20 |
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| Vested |
— |
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— |
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$ |
— |
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| Forfeited |
— |
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— |
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| Outstanding - December 31, 2024 |
342 |
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$ |
2.20 |
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