v3.26.1
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Compensation Expense There were no income tax benefits recognized on the stock-based compensation expense (as reflected on the table below) for the three and six months ended June 30, 2026, and 2025.
Table 11.1: Details of Stock Compensation Expense by Statements of Operations Line Item
For the Three Months EndedFor the Six Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
(in thousands)
Cost of sales – services$202 $149 $418 $339 
Research and development232 244 451 284 
Selling, general and administrative2,779 7,364 5,315 14,182 
Total$3,213 $7,757 $6,184 $14,805 
Schedule of Restricted Stock Unit Activity
Table 11.2: Restricted Stock Unit Activity
Service-BasedPerformance-BasedTotal SharesWeighted-Average Grant Date Fair Value
Unvested outstanding units as of December 31, 20252,182,836 10,861,854 13,044,690 $3.49 
Granted2,368,357 1,369,241 3,737,598 5.60 
Vested(2,191,369)(2,420,691)(4,612,060)3.45 
Forfeited(27,255)— (27,255)3.70 
Unvested outstanding units as of June 30, 20262,332,569 9,810,404 12,142,973 $3.90 
Schedule of Share-Based Payment Award, Equity Instruments Other Than Options, Valuation Assumptions
Table 11.3: PSUs with a TSR Market Condition Fair Value and Assumptions
Expected Volatility
92.1%
Risk-free rate
4.0%
Service period
3.0 years
Grant date fair value
$7.66
Schedule of Stock Option Activity
Table 11.4: Stock Option Activity
Stock Options OutstandingWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (in years)Aggregate Intrinsic Value
Outstanding option balance as of December 31, 2025227,000 $1.80 7.4$749,100 
Granted— — 0.0— 
Exercised— — 0.0— 
Forfeited, cancelled, or expired— — 0.0— 
Outstanding option balance as of June 30, 2026227,000 $1.80 6.9$635,600 
Exercisable stock options as of June 30, 2026227,000 $1.80 6.9$635,600