Quarterly report [Sections 13 or 15(d)]

Equity-Based Compensation (Tables)

v3.25.1
Equity-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Option Activity
The table below presents the outstanding stock options under the Plan:
Number of Options
Weighted-Average Grant Date Fair Value per Share Weighted-Average Exercise Price per Share Weighted-Average Remaining Contractual Term (Years)
Outstanding as of December 31,2024
1,742,942  $ 2.64  $ 6.96  7.04
Outstanding as of March 31, 2025
1,742,942  $ 2.64  $ 6.96  6.79
Schedule of Restricted Stock Units Activity
The table below presents the outstanding performance-based restricted stock units under the Plan:
Number of PSUs
Weighted-Average Grant Date Fair Value per Share Weighted-Average Remaining Contractual Term (in Years) Aggregate Intrinsic Value
Outstanding as of December 31, 2024
1,459,962  $ 8.48  1.6 $ 24,031 
Outstanding as of March 31, 2025
1,459,962  $ 8.48  1.3 $ 12,103 
The table below presents the activity of restricted stock units under the Plan:
Number of RSUs
Weighted-Average Grant Date Fair Value per Share Weighted-Average Remaining Contractual Term (in Years) Aggregate Intrinsic Value
Unvested as of December 31, 2024
2,441,971  $ 4.93  1.1 $ 40,195 
Vested (12,701) 3.02 
Forfeited (17,424) 2.76 
Unvested as of March 31, 2025
2,411,846  $ 4.95  0.9 $ 19,994 
Schedule of Stock Compensation Expense
The table below presents the equity-based compensation expense recorded for the following periods:
Three Months Ended
March 31, 2025 March 31, 2024
Cost of sales
ESPP
$ 108  $ 35 
Stock options
— 
Restricted stock units
375  606 
Performance-based restricted stock units
21 
Total cost of sales $ 504  $ 654 
Selling, general and administrative expenses
ESPP
$ 59  $ 24 
Stock options
112  412 
Restricted stock units
1,025  1,235 
Performance-based restricted stock units
1,212  210 
Total selling, general and administrative expenses $ 2,408  $ 1,881 
Total equity-based compensation expense $ 2,912  $ 2,535