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Stock-based awards (Tables)
12 Months Ended
Dec. 31, 2019
Stock-based awards  
Schedule of assumptions used to determine grant-date fair value of stock options granted

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2019

 

2018

 

Weighted average risk‑free interest rate

 

2.12

%

 

2.99

%

Expected term (in years)

 

6.0

 

 

6.0

 

Expected volatility

 

73.75

%

 

70.88

%

Expected dividend yield

 

0

%

 

0

%

 

Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Weighted-

    

Weighted-

    

 

 

 

 

 

 

Average

 

Average

 

Aggregate

 

 

 

 

Exercise

 

remaining

 

Intrinsic

 

 

Number

 

Price per

 

contractual

 

Value

 

 

of Options

 

Share

 

term (years)

 

(000's)

Balance Outstanding, December 31, 2017

 

 —

 

$

 —

 

 —

 

$

 —

Options granted

 

1,883,067

 

 

0.61

 

9.74

 

 

  

Options exercised

 

(12,586)

 

 

0.61

 

  

 

 

  

Options cancelled

 

(30,568)

 

 

0.61

 

  

 

 

  

Balance Outstanding, December 31, 2018

 

1,839,913

 

 

0.61

 

9.74

 

 

10,577

Options granted

 

1,912,352

 

 

12.42

 

  

 

 

  

Options exercised

 

(655,710)

 

 

0.69

 

  

 

 

  

Balance Outstanding, December 31, 2019

 

3,096,555

 

$

7.89

 

9.19

 

$

44,323

Exercisable, December 31, 2019

 

175,300

 

$

3.54

 

8.88

 

$

3,270

Vested and expected to vest, December 31, 2019

 

3,096,555

 

$

7.89

 

9.19

 

$

44,323