v3.26.1
Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Share-based Compensation Expense

Share-based compensation expense reported in the Company’s condensed statements of operations was (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Direct costs and expenses

 

$

20

 

 

$

22

 

 

$

60

 

 

$

65

 

Research and development

 

 

89

 

 

 

113

 

 

 

178

 

 

 

183

 

Sales, marketing, general and administrative

 

 

711

 

 

 

904

 

 

 

1,697

 

 

 

1,763

 

Total

 

$

820

 

 

$

1,039

 

 

$

1,935

 

 

$

2,011

 
Summary of Stock Option Activity

Stock option activity during the six months ended June 30, 2026 was (in thousands, except weighted average exercise price and weighted average contractual life):

 

 

Number of
Options

 

 

Weighted Average
Exercise Price

 

 

Weighted Average
Contractual
Life (Years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding - January 1, 2026

 

 

440

 

 

$

33.48

 

 

 

7.8

 

 

$

17

 

Granted

 

 

307

 

 

 

7.70

 

 

 

—

 

 

 

—

 

Forfeited/canceled

 

 

(14

)

 

 

20.11

 

 

 

—

 

 

 

—

 

Exercised

 

 

(1

)

 

 

12.38

 

 

 

—

 

 

 

—

 

Outstanding ‑ June 30, 2026

 

 

732

 

 

$

22.95

 

 

 

8.2

 

 

$

5,848

 

Exercisable ‑ June 30, 2026

 

 

341

 

 

$

34.58

 

 

 

7.2

 

 

$

1,511

 
Summary of Restricted Stock Units Activity

Restricted stock unit activity during the six months ended June 30, 2026 was (in thousands, except weighted average grant date fair value per share):

 

 

Number of Shares

 

 

Weighted Average
Grant Date Fair Value Per Share

 

Outstanding ‑ January 1, 2026

 

 

213

 

 

$

29.74

 

Granted

 

 

39

 

 

 

6.46

 

Forfeited/canceled

 

 

—

 

 

 

—

 

Released

 

 

(36

)

 

 

31.94

 

Outstanding ‑ June 30, 2026

 

 

216

 

 

$

25.30