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Stock Options (Tables)
6 Months Ended
Jun. 30, 2018
Stock Options  
Summary of the Company's stock option activity and related information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Options

    

Weighted Average
Exercise Price

    

Weighted average
remaining
contractual term
(years)

    

Aggregate intrinsic
value (in thousands)

 

Outstanding at December 31, 2017

 

 

2,071,616

 

$

1.47

 

 

5.9

 

 

 

 

Granted

 

 

355,056

 

 

12.40

 

 

 

 

 

 

 

Exercised

 

 

(206,404

)

 

1.80

 

 

 

 

 

 

 

Forfeited

 

 

(24,935

)

 

1.03

 

 

 

 

 

 

 

​  

​  

Outstanding at June 30, 2018

 

 

2,195,333

 

 

3.20

 

 

7.0

 

$

71,342

 

​  

​  

​  

​  

​  

Exercisable at June 30, 2018

 

 

1,272,700

 

 

1.61

 

 

5.5

 

 

43,342

 

​  

​  

​  

​  

​  

 

Schedule of stock compensation recognized, before taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three
Months
Ended
June 30,

 

Six Months
Ended
June 30,

 

 

 

2018

 

2017

 

2018

 

2017

 

General and administrative

 

$

238

 

$

24

 

$

266

 

$

48

 

Sales and marketing

 

 

26

 

 

21

 

 

47

 

 

43

 

Research and development

 

 

5

 

 

9

 

 

11

 

 

17

 

​  

​  

​  

​  

​  

​  

​  

​  

Total stock-based compensation

 

$

269

 

$

54

 

$

324

 

$

108

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of weighted average assumptions for fair value of options granted

 

 

 

 

 

 

 

 

Six Months Ended June 30,

 

 

2018

 

2017

Expected life (years)

 

5.50 - 6.25

 

5.75 - 6.25

Expected volatility

 

37.5 - 49.8%

 

40.6 - 41.5%

Risk-free interest rate

 

2.38 - 2.84%

 

1.88 - 2.32%

Dividend yield

 

0.0%

 

0.0%

Weighted average fair value

 

$6.10

 

$0.40