v3.25.2
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation Expense Included in Operating Expense

Stock-based compensation expense was included in the following operating expense categories:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(In Thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Cost of revenue

 

$

2

 

 

$

3

 

 

$

3

 

 

$

6

 

Sales and marketing

 

 

172

 

 

 

88

 

 

 

196

 

 

 

176

 

Product development

 

 

78

 

 

 

14

 

 

 

105

 

 

 

22

 

General and administrative

 

 

304

 

 

 

332

 

 

 

707

 

 

 

666

 

Total stock-based compensation

 

$

556

 

 

$

437

 

 

$

1,011

 

 

$

870

 

 

Assumptions to Estimate Fair Value for Stock Options at Grant Date

The following assumptions were used in determining the fair value of time-vested stock option grants for the periods indicated:

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

2025

 

2024

 

2025

 

2024

Expected life (in years)

 

4.00

 

4.00 - 6.25

 

4.00

 

4.00 - 6.25

Risk-free interest rate

 

3.65% - 3.92%

 

4.33% - 4.43%

 

3.65% - 4.32%

 

4.21% - 4.43%

Expected volatility

 

57% - 58%

 

57% - 59%

 

57% - 58%

 

57% - 64%

Summary of Stock Option Activity Stock option activity during the period was as follows:

 

Options
(In Thousands)

 

 

Weighted
average
exercise price
of options

 

 

Weighted average
remaining
contractual term
(in years)

 

Balance at December 31, 2024

 

7,039

 

 

$

1.91

 

 

 

7.57

 

Options granted

 

39

 

 

 

1.88

 

 

 

 

Options forfeited

 

(263

)

 

 

1.51

 

 

 

 

Options expired

 

(162

)

 

 

3.83

 

 

 

 

Options exercised

 

(213

)

 

 

1.39

 

 

 

 

Balance at June 30, 2025

 

6,440

 

 

$

1.90

 

 

 

7.13

 

Summary of Restricted Stock Awards and Restricted Stock Units Restricted stock awards and restricted stock unit activity during the period was as follows:

 

 

Shares/
Units
(In Thousands)

 

 

Weighted Average
Grant Date
Fair Value

 

Unvested at December 31, 2024

 

 

406

 

 

$

2.04

 

Granted

 

 

447

 

 

 

1.75

 

Vested

 

 

(233

)

 

 

1.98

 

Forfeited

 

 

(6

)

 

 

3.48

 

Unvested at June 30, 2025

 

 

614

 

 

$

1.84