Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2025

Share-based compensation expense was as follows for the periods indicated:


	Three Months Ended March 31,
(in thousands)	2025		2024
Cost of sales	$	150	$	(404)
Selling and marketing	217		2,424
Research and development	143		676
General and administrative	2,966		3,940
Total share-based compensation	$	3,476	$	6,636

The following table summarizes the Company’s RSU and PSU activity:


			Weighted Average Grant Date Fair Value
	RSU Shares	PSU Shares	RSU		PSU
Outstanding - January 1, 2025	7,254,391	1,237,822	$	4.56	$	5.93
Granted	9,698,526	1,676,134	1.33		2.12
Vested	(483,396)	—	10.76		—
Forfeited	(656,513)	(68,339)	5.57		10.40

Outstanding - March 31, 2025	15,813,008	2,845,617	$	2.34	$	3.58

The following table summarizes the Company’s stock option activity:


	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)
Outstanding - January 1, 2025	3,483,070	$	13.64	5.29
Granted	—	—
Exercised	—	—
Forfeited	(71,500)	14.90
Expired	(266,250)	13.76
Outstanding - March 31, 2025	3,145,320	13.60		5.03
Vested and Exercisable - March 31, 2025	2,505,615	13.60		4.75
Options vested and expected to vest - March 31, 2025	3,145,320	$	13.60	5.03