Registration statement under Securities Act of 1933

Equity Incentive Plans & Stock-Based Compensation (Tables)

v3.25.4
Equity Incentive Plans & Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Plan Activity

Activity under the Company’s stock option plans is set forth below:

 

    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 December 31, 2024 and 2023 and their activity during the year ended December 31, 2024 and 2023:

  

    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 Included in Cost of Revenue

The following sets forth the total stock-based compensation expense by type of award included in operating expenses on the statements of operations:

  

    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:

   

    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:

   

    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