Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Stock-based Compensation Expense

The stock-based compensation expense attributable to continuing operations is included in the consolidated statements of operations and comprehensive loss as indicated in the table below:

	Years Ended December 31,
	2023		2022
	(in thousands)
Imagery & software analytical service costs, excluding depreciation and amortization	$	242	$	553
Professional & engineering service costs, excluding depreciation and amortization	502		1,341
Selling, general and administrative	10,118		18,131
Total stock-based compensation expense	$	10,862	$	20,025

Schedule of Share-based Payment Arrangements, Stock Options, Valuation Assumptions

A summary of the weighted-average assumptions used by the Company is presented below:

	Years Ended December 31,
	2023		2022
Fair value per common share	$1.27		$2.06 - $2.15
Weighted-average risk-free interest rate	4.31%		3.20% - 4.72%
Volatility	31.20%		33.90% - 41.10%
Expected term (in years)	8.00		7.63
Dividend rate	0	%	0	%

Share-based Payment Arrangement, Option, Activity

A summary of the Company’s stock option activity under the Plans during the year ended December 31, 2023 is presented below:

	Options	Weighted-Average Exercise Price		Weighted Average Contractual Term	Aggregate Intrinsic Value
	(in thousands)			(in years)	(in thousands)
Outstanding - January 1, 2023	8,641	$	3.10
Granted	2,075	1.27
Exercised	(407)	0.02
Forfeited	(1,726)	4.62
Expired	(243)	2.06
Outstanding - December 31, 2023	8,340	2.51		8.20	$	1,364
Exercisable - December 31, 2023	3,027	2.77		7.50	1,083

Nonvested Restricted Stock Shares Activity

A summary of the Company’s nonvested RSA activity during the year ended December 31, 2023 is presented below:

	Restricted Stock Awards	Weighted-Average Grant-Date Fair Value
	(in thousands)
Nonvested - January 1, 2023	57	$	0.01
Vested	(34)	0.01
Canceled	—	0.01
Nonvested - December 31, 2023	23	0.01

Share-based Payment Arrangement, Restricted Stock Unit, Activity

A summary of the Company’s nonvested RSU activity during the year ended December 31, 2023 is presented below:

	Restricted Stock Units	Weighted-Average Grant-Date Fair Value
	(in thousands)
Nonvested - January 1, 2023	7,854	$	4.08
Granted	14,360	1.27
Vested	(4,029)	4.53
Canceled	(2,053)	2.28
Nonvested - December 31, 2023	16,132	1.69