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

Pre-tax share-based compensation expense reported in the Company’s statements of operations was (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Direct costs and expenses

 

$

13

 

 

$

18

 

 

$

28

 

 

$

18

 

Research and development

 

 

192

 

 

 

86

 

 

 

280

 

 

 

354

 

Sales, marketing, general and administrative

 

 

1,163

 

 

 

435

 

 

 

2,406

 

 

 

1,919

 

Total

 

$

1,368

 

 

$

539

 

 

$

2,714

 

 

$

2,291

 

Summary of Stock Option Activity

Stock option activity during the six months ended June 30, 2022, excluding the Bonus Option Program described below, 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, 2022

 

 

2,878

 

 

$

8.08

 

 

 

7.7

 

 

$

6,288

 

Granted

 

 

277

 

 

 

3.37

 

 

 

 

 

 

 

Forfeited/canceled

 

 

(154

)

 

 

8.89

 

 

 

 

 

 

 

Exercised

 

 

(130

)

 

 

0.70

 

 

 

 

 

 

 

Outstanding ‑ June 30, 2022

 

 

2,871

 

 

$

7.92

 

 

 

7.5

 

 

$

1,094

 

Exercisable - June 30, 2022

 

 

1,668

 

 

$

6.11

 

 

 

6.8

 

 

$

782

 

Summary of Restricted Stock Units Activity

Restricted stock unit activity during the six months ended June 30, 2022 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, 2022

 

 

151

 

 

$

5.30

 

Granted

 

 

1,473

 

 

 

2.75

 

Forfeited/canceled

 

 

(11

)

 

 

3.69

 

Released

 

 

(138

)

 

 

6.59

 

Outstanding ‑ June 30, 2022

 

 

1,475

 

 

$

2.64

 

Bonus-To-Options Program  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Option Activity

As part of the Bonus-to-Options Program (Bonus Option Program), the Company recorded the following activity during the six months ended June 30, 2022 (in thousands, excepted 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, 2022

 

 

373

 

 

$

17.00

 

 

 

7.5

 

 

$

76

 

Granted

 

 

244

 

 

 

2.29

 

 

 

 

 

 

 

Forfeited/canceled

 

 

(14

)

 

 

20.89

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding ‑June 30, 2022

 

 

603

 

 

$

10.96

 

 

 

8.3

 

 

 

 

Exercisable - June 30, 2022

 

 

603

 

 

$

10.96

 

 

 

8.3