Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Stock-based Compensation Expense Recognized for all Stock-based Awards

Stock-based compensation expense recognized for all stock-based awards is reported in the Company’s consolidated statements of operations and comprehensive loss as follows:

	Years Ended December 31,
	2022			2021
	(in thousands)
Cost of sales	$	1,446		$	557
General and administrative		1,143			19,353
Sales and marketing		(7,982	)		27,278
Research and development		6,827			2,655
Total	$	1,434		$	49,843

Summarizes Stock Option Activity

The following table summarizes stock option activity under the 2013 Plan and 2021 Plan since December 31, 2022:

	Options			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (years)
Outstanding at December 31, 2021		29,435,319		$	1.40		7.5
Granted		1,202,098			2.79		—
Exercised		(4,033,298	)		0.71		—
Cancelled		(3,371,520	)		3.53		—
Forfeited		(519,037	)		5.05		—
Outstanding at December 31, 2022		22,713,562		$	1.20		6.6
Exercisable at December 31, 2022		15,485,784		$	0.90		5.9
Vested or expected to vest at December 31, 2022		22,713,562		$	1.20		6.6

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

In determining the estimated fair value of the stock option awards, the Company uses the Black-Scholes option pricing model. The fair value of share option awards was estimated with the following assumptions:

	As of December 31,
	2022	2021
Expected volatility	32% - 56%	32% - 34%
Expected term (in years)	6.1 - 6.1	6.1 - 6.1
Risk-free interest rate	1.5% - 3.6%	.99% - 1.2%
Expected dividend rate	0%	0%

Summary of Share-based Payment Arrangement, RSU, Activity

The following table summarizes the RSU activity under the equity incentive plan:

	RSUs
	RSU Activity			Weighted-Average Grant Date Fair Value Per Share
Balance as of December 31, 2021		4,924,243		$	6.30
Granted		12,692,419			2.80
Vested		(1,302,603	)		6.67
Forfeited		(2,373,371	)		4.94
Outstanding at December 31, 2022		13,940,688		$	3.31
Expected to vest at December 31, 2022		13,940,688		$	3.31