Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

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


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2026		2025		2026		2025
Cost of sales	$	128	$	124	$	246	$	274
Selling and marketing	52		1,127		617		1,344
Research and development	67		149		142		292
General and administrative	2,648		3,908		3,969		6,874
Total share-based compensation	$	2,895	$	5,308	$	4,974	$	8,784

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, 2026	12,311,446	2,154,230	$	1.97	$	3.02
Granted	9,137,666	434,068	1.14		1.86
Vested	(3,656,966)	—	2.41		—
Forfeited	(2,930,180)	(651,047)	1.62		2.72

Outstanding - June 30, 2026	14,861,966	1,937,251	$	1.42	$	2.86

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, 2026	2,459,920	$	13.51	5.37
Granted	—	—
Exercised	—	—
Forfeited	—	—
Expired	(20,000)	18.76
Outstanding - June 30, 2026	2,439,920	13.47		4.87
Vested and Exercisable - June 30, 2026	2,439,920	13.47		4.87
Options vested and expected to vest - June 30, 2026	2,439,920	$	13.47	4.87