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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock-Based Compensation Expense

Total stock-based compensation expense recognized in the Company’s consolidated statements of operations and comprehensive loss is classified as follows (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Cost of revenue

 

$

397

 

 

$

270

 

 

$

632

 

 

$

508

 

Research and development

 

 

675

 

 

 

636

 

 

 

1,311

 

 

 

1,156

 

Selling and marketing

 

 

454

 

 

 

343

 

 

 

748

 

 

 

559

 

General and administrative

 

 

4,929

 

 

 

4,554

 

 

 

12,258

 

 

 

9,081

 

Total stock-based compensation expense

 

$

6,455

 

 

$

5,803

 

 

$

14,949

 

 

$

11,304

 

Summary of Incentive Stock Units

The table below summarizes the Company’s activity and related information for its ISUs:

 

 

 

ISUs

 

 

 

Number of Shares

 

 

Weighted Average Grant Date Fair Value

 

Unvested at December 31, 2020

 

 

8,046,399

 

 

$

3.41

 

ISUs granted

 

 

3,178,689

 

 

$

4.78

 

ISUs vested

 

 

(3,509,497

)

 

$

4.82

 

ISUs forfeited

 

 

(178,503

)

 

$

3.34

 

Unvested at June 30, 2021

 

 

7,537,088

 

 

$

3.99

 

Vested and unreleased

 

 

172,692

 

 

 

 

 

Outstanding at June 30, 2021

 

 

7,709,780

 

 

 

 

 

Summary of Company's Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information is as follows:

 

 

Number

of Stock

Options

Outstanding

 

 

Weighted-Average Exercise Price

 

 

Weighted-

Average

Remaining

Contractual Life

(Years)

 

 

Aggregate

Intrinsic

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Options outstanding at December 31, 2020

 

 

8,142,348

 

 

$

7.14

 

 

 

7.3

 

 

$

2,638

 

Options granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(43,651

)

 

$

4.26

 

 

 

 

 

 

 

 

 

Options cancelled or forfeited

 

 

(680,493

)

 

$

9.20

 

 

 

 

 

 

 

 

 

Options outstanding at June 30, 2021

 

 

7,418,204

 

 

$

6.97

 

 

 

6.7

 

 

$

7,905

 

Options exercisable at June 30, 2021

 

 

5,452,385

 

 

$

6.94

 

 

 

6.3

 

 

$

5,559

 

Options vested and expected to vest at June 30, 2021

 

 

7,260,596

 

 

$

7.00

 

 

 

6.6

 

 

$

7,573

 

Schedule of Weighted-Average Assumptions Used in Black-Scholes Option-Pricing Model to Estimate Fair Value of Employee Stock Options at Grant Date

The fair value of employee stock options was estimated at the date of grant using a Black-Scholes option-pricing model with the following weighted-average assumptions:

 

 

 

Six Months Ended June 30,

 

 

 

2020

 

Expected term (in years)

 

 

6.0

 

Expected volatility

 

68.8%

 

Risk-free interest rate

 

0.7%

 

Expected dividend yield

 

0.0%