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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense
The following table summarizes the stock-based compensation expense recognized for the years ended December 31, 2024 and 2023:
Years Ended December 31,
(In thousands)2024
2023
Cost of goods sold$328 $— 
Research and development23,472 26,806 
Selling, general and administrative19,231 27,222 
Total stock-based compensation expense$43,031$54,028 
Summary of Stock Option Outstanding
A summary of stock options outstanding as of December 31, 2024, and activity during the two years then ended, is presented below:
Stock OptionsShares (In thousands)Weighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (In years)
Outstanding at December 31, 20226,775 $0.59 6.2
Exercised(3,899)0.49 
Forfeited or expired(219)1.06 
Outstanding at December 31, 20232,657 $0.72 5.7
Exercised(1,142)0.71 
Forfeited or expired(16)1.06 
Outstanding at December 31, 20241,499 $0.74 4.7
Vested and exercisable at December 31, 20241,497 $0.74 4.7
Schedule of Stock Options Valuation Assumptions The valuation model utilized the following assumptions:
Risk-free interest rate
1.47 %
Expected volatility rates
67.33 %
Expected dividend yield
Cost of equity (for derived service period)11.77 %
Weighted-average grant date fair value of options
$9.14 
The valuation model utilized the following assumptions:
Risk-free interest rates2.82 %
Expected volatility rates68.48 %
Expected dividend yield— 
Cost of equity (for derived service period)14.64 %
Weighted-average grant date fair value of options$2.89 
Schedule of Restricted Stock Units Outstanding A summary of RSUs outstanding as of December 31, 2024, and activity during the year then ended, is presented below:
Restricted Stock Unit AwardsShares
(In thousands)
Weighted-Average
Grant Date Fair
Value Per Share
Outstanding at December 31, 202211,606 $5.93 
Granted6,184 6.30 
Vested(4,811)5.76 
Forfeited(107)7.47 
Outstanding at December 31, 202312,872 $6.70 
Granted5,556 5.21 
Vested(7,005)5.68 
Forfeited(1,871)6.48 
Outstanding at December 31, 20249,552 $6.63