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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2017
Stock-Based Compensation  
Schedule of weighted average assumptions for employee grants

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30, 

Valuation assumptions:

    

2017

    

    

2016

 

Expected volatility

 

61.00

%  

 

59.00

%

Expected term (years)

 

6.03

 

 

6.08

 

Risk-free interest rate

 

2.21

%  

 

1.49

%

Dividend yield

 

 —

 

 

 —

 

 

Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

average

 

 

 

 

 

 

 

average

 

remaining

 

Aggregate

 

 

Number

 

exercise

 

contractual

 

intrinsic

 

    

of shares

    

price

    

term

    

value

Outstanding at December 31, 2016

 

3,059,690

 

$

5.14

 

 

  

 

 

Granted

 

1,044,556

 

 

14.43

 

 

 

 

 

Exercised

 

(1,054,764)

 

 

3.21

 

 

 

 

 

Forfeited

 

(49,629)

 

 

10.52

 

 

 

 

 

Outstanding at September 30, 2017

 

2,999,853

 

$

8.97

 

7.3

 

$

53,340

Options vested and expected to vest at September 30, 2017

 

2,999,853

 

$

8.97

 

7.3

 

$

53,340

Exercisable at September 30, 2017

 

1,393,742

 

$

3.37

 

5.3

 

$

32,572

 

Schedule of recorded stock-based compensation expense related to stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

    

2017

    

2016

    

2017

    

2016

 

Cost of revenue - product

 

$

138

 

$

27

 

$

359

 

$

85

 

Cost of revenue - service

 

 

91

 

 

 7

 

 

203

 

 

21

 

Research and development

 

 

195

 

 

 9

 

 

515

 

 

30

 

Sales and marketing

 

 

158

 

 

21

 

 

440

 

 

65

 

General and administrative

 

 

357

 

 

159

 

 

6,259

 

 

280

 

 

 

$

939

 

$

223

 

$

7,776

 

$

481