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Stock Award Plans (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Stock Based Award Plans

The following table summarizes information about the Company’s stock-based award plans as of December 31, 2024:

 

 

 

Outstanding
Options

 

 

Outstanding
Restricted
Stock Units

 

 

Shares Available
for Future
Issuance

 

2013 Equity Incentive Plan

 

 

2,553,415

 

 

 

 

 

 

 

2018 Equity Incentive Plan

 

 

4,718,551

 

 

 

14,128,954

 

 

 

21,533,033

 

Total

 

 

7,271,966

 

 

 

14,128,954

 

 

 

21,533,033

 

Stock Based Compensation Expense Recognized in Consolidated Statements of Operations by Category

Total stock-based compensation expense recognized in the consolidated statements of operations is included in the following categories (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Cost of goods sold

 

$

357

 

 

$

1,589

 

 

$

329

 

Cost of revenue – collaborations and services

 

 

3,701

 

 

 

897

 

 

 

1,425

 

Research and development

 

 

2,238

 

 

 

1,442

 

 

 

1,044

 

Selling, general and administrative

 

 

15,062

 

 

 

13,721

 

 

 

10,649

 

Total

 

$

21,358

 

 

$

17,649

 

 

$

13,447

 

Summary of Stock Options Outstanding

The following table summarizes information relating to stock options:

 

 

 

Number of
Shares

 

 

Weighted
Average Exercise
Price per Share

 

 

Weighted
Average
Remaining
Contractual
Term
(Years)

 

 

Aggregate
Intrinsic
Value ($000)

 

Outstanding as of January 1, 2024

 

 

8,400,611

 

 

$

2.39

 

 

 

4.07

 

 

$

15,153

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(946,464

)

 

 

1.70

 

 

 

 

 

 

 

Forfeited

 

 

(55,500

)

 

 

2.74

 

 

 

 

 

 

 

Expired

 

 

(126,681

)

 

 

22.82

 

 

 

 

 

 

 

Outstanding as of December 31, 2024

 

 

7,271,966

 

 

$

2.12

 

 

 

3.12

 

 

$

32,438

 

Exercisable as of December 31, 2024

 

 

6,868,873

 

 

$

2.11

 

 

 

3.18

 

 

$

30,770

 

 

Summary of Restricted Stock Unit Activity

The following table summarizes information relating to restricted stock units:

 

 

 

Number of
Shares

 

 

Weighted
Average
Grant Date
Fair Value
per Share

 

Outstanding as of January 1, 2024

 

 

12,363,934

 

 

$

4.61

 

Granted

 

 

7,041,502

 

 

 

6.79

 

Vested

 

 

(4,379,263

)

 

 

5.24

 

Forfeited

 

 

(897,219

)

 

 

4.70

 

Outstanding as of December 31, 2024

 

 

14,128,954

 

 

 

5.49