v3.25.1
STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding
The following table summarizes the stock option activities under the Company’s 2016 and 2021 Plan:
Options Outstanding
Number of SharesWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (Years)Aggregate Intrinsic Value ($'000s)
BALANCE—December 31, 2024
2,197,604 $2.27 5.48$17,404 
Granted280,000 $9.28 
Exercised(145,959)$1.01 
Canceled— $— 
BALANCE—March 31, 2025
2,331,645 $3.19 4.87$9,910 
Options vested and exercisable—March 31, 2025
1,781,766 $1.70 3.50$9,780 
Stock-Based Compensation Related to Stock-Based Awards to Employees The following table presents the amount of stock-based compensation related to stock-based awards to employees on the Company’s unaudited condensed consolidated statements of operations (in thousands):
Three Months Ended
March 31,
20252024
Cost of revenue$205 $189 
Research and development1,973 1,608 
Sales and marketing969 723 
General and administrative1,166 1,137 
Total stock-based compensation$4,313 $3,657