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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2018
Stock-Based Compensation  
Schedule of weighted average assumptions for employee grants

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31, 

Valuation assumptions:

    

2018

    

    

2017

 

Expected volatility

 

58.40

%  

 

61.00

%

Expected term (years)

 

6.08

 

 

6.03

 

Risk-free interest rate

 

2.32

%  

 

2.24

%

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, 2017

 

2,883,175

 

$

9.26

 

 

  

 

 

Granted

 

384,500

 

 

29.32

 

 

 

 

 

Exercised

 

(398,895)

 

 

4.36

 

 

 

 

 

Forfeited

 

(59,139)

 

 

16.77

 

 

 

 

 

Outstanding at March 31, 2018

 

2,809,641

 

$

12.54

 

7.6

 

$

73,778

Options vested and expected to vest at March 31, 2018

 

2,809,641

 

$

12.54

 

7.6

 

$

73,778

Exercisable at March 31, 2018

 

1,385,167

 

$

6.72

 

6.1

 

$

44,431

 

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

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31, 

 

 

    

2018

    

2017

 

Cost of revenue - product

 

$

250

 

$

95

 

Cost of revenue - service

 

 

270

 

 

43

 

Research and development

 

 

196

 

 

104

 

Sales and marketing

 

 

379

 

 

117

 

General and administrative

 

 

850

 

 

3,462

 

Total stock-based compensation expense

 

$

1,945

 

$

3,821