v3.26.1
SHARE-BASED COMPENSATION
3 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
SHARE-BASED COMPENSATION

NOTE 5 – SHARE-BASED COMPENSATION

On September 10, 2025, the Company's stockholders approved an amendment and restatement of the 2019 Equity Incentive Plan (Amended 2019 Plan) to further increase the number of shares reserved for issuance by 3,500,000 from 27,794,651 shares to 31,294,651 shares. As of June 30, 2026, an aggregate of 6,063,690 shares remained available for grant under the Amended 2019 Plan.

Employee Stock Purchase Plan (ESPP) – During the three months ended June 30, 2026, no shares were purchased under the ESPP.

The following is a summary of share-based compensation expense including restricted stock units and performance-based restricted stock units granted pursuant to the Company's Amended 2019 Plan, and employee stock purchases made under the ESPP, based on estimated fair values within the applicable cost and expense lines identified below (in thousands):

 

 

 

Three Months Ended

 

 

 

June 30,

 

 

 

2026

 

 

2025

 

Cost of product revenue

 

$

403

 

 

$

413

 

Cost of service revenue

 

 

2,714

 

 

 

2,747

 

Research and development

 

 

5,310

 

 

 

5,532

 

Sales and marketing

 

 

6,242

 

 

 

6,889

 

General and administrative

 

 

3,296

 

 

 

4,378

 

 

 

$

17,965

 

 

$

19,959