v3.26.1
Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation Expenses

Stock-based compensation expense is recorded in the consolidated statements of operations as follows (in thousands):

 

 

 

Three months ended March 31,

 

 

 

2026

 

 

2025

 

Cost of goods sold

 

$

25

 

 

$

73

 

Research and development

 

 

146

 

 

 

270

 

Sales and marketing

 

 

132

 

 

 

73

 

General and administrative

 

 

404

 

 

 

491

 

Total stock-based compensation expense

 

$

707

 

 

$

907

 

 

Summary of Outstanding Stock Option Activity

The following table summarizes the outstanding stock option activity during the period indicated (shares in thousands):

 

 

 

 

 

 

Weighted average

 

 

 

 

 

Number of
stock options

 

 

Exercise
price

 

 

Remaining contractual term (in years)

 

Aggregate intrinsic value (in thousands)

 

Balance at December 31, 2025

 

 

2,418

 

 

$

9.07

 

 

 

5.5

 

$

169

 

Granted

 

 

350

 

 

$

4.19

 

 

 

 

 

 

Exercised

 

 

(20

)

 

$

4.60

 

 

 

 

 

 

Expired/Forfeited

 

 

(33

)

 

$

4.89

 

 

 

 

 

 

Balance at March 31, 2026

 

 

2,715

 

 

$

8.53

 

 

 

5.7

 

$

1,193

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable at March 31, 2026

 

 

2,026

 

 

$

9.88

 

 

 

4.6

 

$

472

 

Vested and expected to vest at March 31, 2026

 

 

2,715

 

 

$

8.53

 

 

 

5.7

 

$

1,193

 

Summary of Outstanding Restricted Stock Unit Activity

The following table summarizes the Company’s restricted stock unit (RSU) activity during the period indicated (shares in thousands):

 

 

 

Restricted
stock units

 

 

Weighted average grant date fair value

 

Balance at December 31, 2025

 

 

886

 

 

$

5.13

 

Grants

 

 

196

 

 

$

4.24

 

Vested and released

 

 

(323

)

 

$

4.89

 

Forfeited

 

 

(52

)

 

$

5.09

 

Balance at March 31, 2026

 

 

707

 

 

$

5.50