Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense

The following table shows stock-based compensation expense by where the stock-based compensation expense is recorded in the Company’s unaudited condensed consolidated statement of operations:

	Three Months Ended March 31,
	2024		2023
Cost of revenue	$	39	$	17
Sales and marketing	770		528
Research and development	636		343
General and administrative	3,670		1,908
Total stock-based compensation	$	5,115	$	2,796

Schedule of Weighted-Average Assumptions to Determine Fair Value

The weighted-average assumptions utilized to determine the fair value of options granted to employees are presented in the following table:

	Three Months Ended March 31,
	2024		2023
Expected volatility	61.8	%	63.6	%
Weighted-average risk-free interest rate	4.28	%	4.22	%
Expected dividend yield	—		—
Expected life – in years	6		6

Schedule of Option Activity

A summary of the Company’s option activity as of March 31, 2024, and changes during the three months then ended are as follows:

	Number of Options	Weighted-Average Exercise Price (per share)		Weighted-Average Remaining Contractual Term (in years)
Outstanding at January 1, 2024	7,175,494	$	7.02	7.78
Granted	15,888	12.62
Exercised	(469,879)	1.80
Forfeited	(265,242)	8.47
Outstanding at March 31, 2024	6,456,261	7.36		7.60
Options exercisable at March 31, 2024	3,183,237	4.60		6.41

Schedule of Restricted Stock Unit Activity

A summary of RSU activity for the three months ended March 31, 2024 is as follows:

	Number of Shares	Weighted-Average Grant Date Fair Value		Aggregate Fair Value
Unvested balance at January 1, 2024	2,571,318	$	9.88	$	25,405
Granted	1,439,963	12.54		18,057
Vested	(145,844)	10.35		1,509
Forfeited	(153,805)	8.38		1,289
Unvested balance as of March 31, 2024	3,711,632	$	10.95	$	40,642

Schedule of Performance Share Units Activity

A summary of PSU activity for the three months ended March 31, 2024 is as follows:

	Number of Shares	Weighted-Average Grant Date Fair Value		Aggregate Fair Value
Unvested balance at January 1, 2024	1,077,726	$	11.61	$	12,512
Granted	1,146,491	12.56		14,400
Vested	—	—		—
Forfeited	—	—		—
Unvested balance at March 31, 2024	2,224,217	$	12.10	$	26,913