| Schedule of Stock Option Plan Activity |
Activity
under the 2021 EIP is set forth below:
Schedule
of Stock Option Plan Activity
| |
|
Options |
|
|
Weighted-
Average
Exercise
Price |
|
|
Weighted-
Average
Remaining
Contractual
Term in years |
|
| |
|
|
(In thousands) |
|
|
|
(Per share data) |
|
|
|
(Years) |
|
| Outstanding as of December 31, 2023 |
|
|
25 |
|
|
$ |
320.25 |
|
|
|
6.2 |
|
| Granted |
|
|
— |
|
|
$ |
— |
|
|
|
|
|
| Exercised |
|
|
(3 |
) |
|
$ |
94.50 |
|
|
|
|
|
| Forfeited or expired |
|
|
(1 |
) |
|
$ |
426.45 |
|
|
|
|
|
| Outstanding as of June 30, 2024 |
|
|
21 |
|
|
$ |
352.95 |
|
|
|
5.9 |
|
| Options vested and expected to vest as of June 30, 2024 |
|
|
21 |
|
|
$ |
352.95 |
|
|
|
|
|
| Vested and exercisable as of June 30, 2024 |
|
|
21 |
|
|
$ |
356.40 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding as of December 31, 2024 |
|
|
18 |
|
|
$ |
380.70 |
|
|
|
5.0 |
|
| Granted |
|
|
— |
|
|
$ |
— |
|
|
|
|
|
| Exercised |
|
|
— |
|
|
$ |
— |
|
|
|
|
|
| Forfeited or expired |
|
|
(14 |
) |
|
$ |
166.70 |
|
|
|
|
|
| Outstanding as of June 30, 2025 |
|
|
4 |
|
|
$ |
1,022.11 |
|
|
|
4.8 |
|
| Options vested and expected to vest as of June 30, 2025 |
|
|
4 |
|
|
$ |
1,022.11 |
|
|
|
|
|
| Vested and exercisable as of June 30, 2025 |
|
|
4 |
|
|
$ |
1,022.11 |
|
|
|
|
|
|
Activity
under the Company’s stock option plans is set forth below:
Schedule
of Stock Option Plan Activity
| |
|
Options |
|
|
Weighted-Average
Exercise Price |
|
|
Weighted-Average
Remaining
Contractual Term |
|
| |
|
(In thousands) |
|
|
(Per Share Data) |
|
|
(Years) |
|
| Outstanding as of December 31, 2022 |
|
|
33 |
|
|
$ |
283.50 |
|
|
|
7.3 |
|
| Granted |
|
|
— |
|
|
$ |
— |
|
|
|
|
|
| Exercised |
|
|
(4 |
) |
|
$ |
136.50 |
|
|
|
|
|
| Forfeited or expired |
|
|
(4 |
) |
|
$ |
152.25 |
|
|
|
|
|
| Outstanding as of December 31, 2023 |
|
|
25 |
|
|
$ |
320.25 |
|
|
|
6.2 |
|
| Options vested and expected to vest as of December 31, 2023 |
|
|
25 |
|
|
$ |
320.25 |
|
|
|
|
|
| Vested and exercisable as of December 31, 2023 |
|
|
24 |
|
|
$ |
325.50 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding as of December 31, 2023 |
|
|
25 |
|
|
$ |
320.25 |
|
|
|
6.2 |
|
| Granted |
|
|
— |
|
|
$ |
— |
|
|
|
|
|
| Exercised |
|
|
(3 |
) |
|
$ |
94.50 |
|
|
|
|
|
| Forfeited or expired |
|
|
(4 |
) |
|
$ |
242.25 |
|
|
|
|
|
| Outstanding as of December 31, 2024 |
|
|
18 |
|
|
$ |
380.70 |
|
|
|
5.0 |
|
| Options vested and expected to vest as of December 31, 2024 |
|
|
18 |
|
|
$ |
380.70 |
|
|
|
|
|
| Vested and exercisable as of December 31, 2024 |
|
|
18 |
|
|
$ |
380.10 |
|
|
|
|
|
|
| Schedule of Nonvested Restricted Stock Units Activity |
The
following table summarizes outstanding and expected to vest RSUs as of June 30, 2025 and 2024 and their activity during the six months
ended June 30, 2025 and 2024:
Schedule of Nonvested Restricted Stock Units Activity
| |
|
Number
of Shares |
|
|
Weighted-
Average
Grant Date
Fair Value |
|
|
Aggregate
Intrinsic
Value |
|
| |
|
|
(In thousands) |
|
|
|
(Per share data) |
|
|
|
(In thousands) |
|
| Balance as of December 31, 2023 |
|
|
38 |
|
|
$ |
1,020.00 |
|
|
$ |
7,940 |
|
| Granted |
|
|
9 |
|
|
|
124.50 |
|
|
|
— |
|
| Released |
|
|
(5 |
) |
|
|
1,223.10 |
|
|
|
— |
|
| Cancelled |
|
|
(5 |
) |
|
|
1,003.20 |
|
|
|
— |
|
| Balance as of June 30, 2024 |
|
|
37 |
|
|
$ |
766.95 |
|
|
$ |
1,812 |
|
| Expected to vest as of June 30, 2024 |
|
|
37 |
|
|
$ |
766.95 |
|
|
$ |
1,812 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of December 31, 2024 |
|
|
13 |
|
|
$ |
714.30 |
|
|
$ |
132 |
|
| Granted |
|
|
1,070 |
|
|
|
11.05 |
|
|
|
— |
|
| Released |
|
|
(104 |
) |
|
|
28.07 |
|
|
|
— |
|
| Cancelled |
|
|
(90 |
) |
|
|
30.91 |
|
|
|
— |
|
| Balance as of June 30, 2025 |
|
|
889 |
|
|
$ |
16.51 |
|
|
$ |
6,400 |
|
| Expected to vest as of June 30, 2025 |
|
|
889 |
|
|
$ |
16.51 |
|
|
$ |
6,400 |
|
|
The
following table summarizes outstanding and expected to vest RSUs as of December 31, 2024 and 2023 and their activity during the year
ended December 31, 2024 and 2023:
Schedule of Nonvested Restricted Stock Units Activity
| |
|
Number of Shares |
|
|
Weighted-Average
Grant Date Fair Value |
|
|
Aggregate Intrinsic Value |
|
| |
|
(In thousands) |
|
|
(Per Share Data) |
|
|
(In thousands) |
|
| Balance as of December 31, 2022 |
|
|
19 |
|
|
$ |
2,352.00 |
|
|
$ |
17,202 |
|
| Granted |
|
|
41 |
|
|
|
807.90 |
|
|
|
33,070 |
|
| Released |
|
|
(11 |
) |
|
|
1,689.75 |
|
|
|
9,148 |
|
| Cancelled |
|
|
(11 |
) |
|
|
1,852.80 |
|
|
|
7,773 |
|
| Balance as of December 31, 2023 |
|
|
38 |
|
|
$ |
1,020.00 |
|
|
$ |
7,940 |
|
| Expected to vest as of December 31, 2023 |
|
|
38 |
|
|
$ |
1,020.00 |
|
|
$ |
7,940 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of December 31, 2023 |
|
|
38 |
|
|
$ |
1,020.00 |
|
|
$ |
7,940 |
|
| Granted |
|
|
32 |
|
|
|
49.35 |
|
|
|
1,549 |
|
| Released |
|
|
(38 |
) |
|
|
428.10 |
|
|
|
1,276 |
|
| Cancelled |
|
|
(19 |
) |
|
|
808.65 |
|
|
|
1,050 |
|
| Balance as of December 31, 2024 |
|
|
13 |
|
|
$ |
714.30 |
|
|
$ |
132 |
|
| Expected to vest as of December 31, 2024 |
|
|
13 |
|
|
$ |
714.30 |
|
|
$ |
132 |
|
|
| Schedule of Stock-Based Compensation Expense |
The
following sets forth the total stock-based compensation expense by type of award included in operating expenses on the statements of
operations:
Schedule of Stock-Based Compensation Expense
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
(In thousands) |
|
|
(In thousands) |
|
| Restricted stock units |
|
$ |
1,834 |
|
|
$ |
3,101 |
|
|
$ |
5,425 |
|
|
$ |
6,930 |
|
| Stock options |
|
|
1 |
|
|
|
39 |
|
|
|
5 |
|
|
|
99 |
|
| Earnout shares–employees |
|
|
574 |
|
|
|
1,107 |
|
|
|
1,053 |
|
|
|
2,305 |
|
| Stock based compensation
expense |
|
$ |
2,409 |
|
|
$ |
4,247 |
|
|
$ |
6,483 |
|
|
$ |
9,334 |
|
The
following sets forth the total stock-based compensation expense for the stock options, RSUs, and earnout shares - employees included
in cost of revenue and operating expenses on the statements of operations:
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
(In thousands) |
|
|
(In thousands) |
|
| Cost of 3D Printer |
|
$ |
474 |
|
|
$ |
269 |
|
|
$ |
613 |
|
|
$ |
658 |
|
| Cost of Support services |
|
|
125 |
|
|
|
138 |
|
|
|
194 |
|
|
|
333 |
|
| Research and development |
|
|
613 |
|
|
|
1,130 |
|
|
|
1,256 |
|
|
|
2,680 |
|
| Selling and marketing |
|
|
368 |
|
|
|
862 |
|
|
|
607 |
|
|
|
1,916 |
|
| General and administrative |
|
|
829 |
|
|
|
1,848 |
|
|
|
3,813 |
|
|
|
3,747 |
|
| Stock based compensation
expense |
|
$ |
2,409 |
|
|
$ |
4,247 |
|
|
$ |
6,483 |
|
|
$ |
9,334 |
|
|
The
following sets forth the total stock-based compensation expense by type of award included in operating expenses on the statements of
operations:
Schedule of Stock-Based Compensation Expense
| |
|
2024 |
|
|
2023 |
|
| |
|
December
31, |
|
| |
|
2024 |
|
|
2023 |
|
| |
|
(In
thousands) |
|
| Restricted
stock units |
|
$ |
9,637 |
|
|
$ |
16,575 |
|
| Stock
options |
|
|
121 |
|
|
|
515 |
|
| Earnout
shares - employees |
|
|
3,958 |
|
|
|
5,783 |
|
|
Stock based compensation
expense
|
|
$ |
13,716 |
|
|
$ |
22,873 |
|
The
following sets forth the total stock-based compensation expense for the stock options, RSUs, and earnout shares - employees included
in operating expenses on the statements of operations:
| |
|
2024 |
|
|
2023 |
|
| |
|
December
31, |
|
| |
|
2024 |
|
|
2023 |
|
| |
|
(In
thousands) |
|
| Research
and development |
|
$ |
4,256 |
|
|
$ |
11,415 |
|
| Selling
and marketing |
|
|
2,708 |
|
|
|
5,689 |
|
| General
and administrative |
|
|
6,752 |
|
|
|
5,769 |
|
|
Stock based compensation
expense
|
|
$ |
13,716 |
|
|
$ |
22,873 |
|
The
following sets forth the total stock-based compensation expense by type of award included in cost of revenue in the statements of operations:
Schedule
of Stock-Based Compensation Expense Included in Cost of Revenue
| |
|
2024 |
|
|
2023 |
|
| |
|
December
31, |
|
| |
|
2024 |
|
|
2023 |
|
| |
|
(In
thousands) |
|
| Restricted
stock units |
|
$ |
1,644 |
|
|
$ |
1,995 |
|
| Stock
options |
|
|
4 |
|
|
|
63 |
|
|
Stock based compensation
expense
|
|
$ |
1,648 |
|
|
$ |
2,058 |
|
The
following sets forth the total stock-based compensation expense for the stock options, and RSUs included in cost of revenue on the statements
of operations:
| |
|
December
31, |
|
| |
|
2024 |
|
|
2023 |
|
| |
|
(In
thousands) |
|
| Cost of
3D Printer |
|
$ |
999 |
|
|
$ |
1,622 |
|
| Cost
of support services |
|
|
649 |
|
|
|
436 |
|
|
Stock based compensation
expense
|
|
$ |
1,648 |
|
|
$ |
2,058 |
|
|
| Schedule of Stock-Based Compensation Expense Included in Cost of Revenue |
|
The
following sets forth the total stock-based compensation expense by type of award included in cost of revenue in the statements of operations:
Schedule
of Stock-Based Compensation Expense Included in Cost of Revenue
| |
|
2024 |
|
|
2023 |
|
| |
|
December
31, |
|
| |
|
2024 |
|
|
2023 |
|
| |
|
(In
thousands) |
|
| Restricted
stock units |
|
$ |
1,644 |
|
|
$ |
1,995 |
|
| Stock
options |
|
|
4 |
|
|
|
63 |
|
|
Stock based compensation
expense
|
|
$ |
1,648 |
|
|
$ |
2,058 |
|
The
following sets forth the total stock-based compensation expense for the stock options, and RSUs included in cost of revenue on the statements
of operations:
| |
|
December
31, |
|
| |
|
2024 |
|
|
2023 |
|
| |
|
(In
thousands) |
|
| Cost of
3D Printer |
|
$ |
999 |
|
|
$ |
1,622 |
|
| Cost
of support services |
|
|
649 |
|
|
|
436 |
|
|
Stock based compensation
expense
|
|
$ |
1,648 |
|
|
$ |
2,058 |
|
|