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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Allocated Stock Based Compensation Expense

Stock-based compensation expense was allocated based on the employees’ and non-employees’ functions as follows:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cost of revenue

 

$

199

 

 

$

180

 

 

$

427

 

 

$

356

 

Research and development

 

 

492

 

 

 

273

 

 

 

979

 

 

 

614

 

Sales and marketing

 

 

810

 

 

 

900

 

 

 

1,888

 

 

 

1,821

 

General and administrative

 

 

997

 

 

 

1,080

 

 

 

2,650

 

 

 

2,327

 

Total

 

$

2,498

 

 

$

2,433

 

 

$

5,944

 

 

$

5,118

 

Schedule of Weighted Average Assumptions Used in Black-Scholes Options Pricing Model

The weighted average assumptions used in the Black-Scholes options pricing model are as follows:

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

Expected dividend yield

 

 

0.0

%

 

 

0.0

%

Risk free interest rate

 

 

2.6

%

 

 

1.0

%

Expected stock price volatility

 

 

83.4

%

 

 

86.0

%

Expected term (years)

 

 

6.3

 

 

 

6.1

 

 

Schedule of Fair Value of ESPP Used in Black-Scholes Options Pricing Model

The fair value of the purchase right for the ESPP option is estimated on the date of grant using the Black-Scholes pricing model with the following assumptions during 2022:

Expected dividend yield

 

 

0.0

%

Risk free interest rate

 

 

0.2

%

Expected stock price volatility

 

 

45.0

%

Expected term (years)

 

 

0.5

 

Restricted Stock Units  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Restricted Stock Units and Restricted Stock Awards

A summary of restricted stock unit activity for the six months ended June 30, 2022 is as follows:

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

 

 

 

Grant Date

 

 

 

Shares

 

 

Fair Value

 

Unvested at December 31, 2021

 

 

509,388

 

 

$

24.69

 

Granted

 

 

415,755

 

 

 

18.68

 

Vested

 

 

(109,821

)

 

 

24.85

 

Canceled

 

 

(74,011

)

 

 

23.66

 

Unvested at June 30, 2022

 

 

741,311

 

 

$

21.40

 

Restricted Stock Awards  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Restricted Stock Units and Restricted Stock Awards

A summary of restricted stock award activity for the six months ended June 30, 2022 is as follows:

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

 

 

 

Grant Date

 

 

 

Shares

 

 

Fair Value

 

Unvested at December 31, 2021

 

 

7,989

 

 

$

1.68

 

Granted/purchased

 

 

545

 

 

 

20.72

 

Vested

 

 

(8,061

)

 

 

2.97

 

Canceled

 

 

(473

)

 

 

1.68

 

Unvested at June 30, 2022

 

 

-

 

 

$

-