Shareholders’ Equity (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Shareholders’ Equity [Abstract] |
|
| Schedule of Stock Option Activity |
A summary of the
stock option activity under the Company’s equity plans during the years ended December 31, 2024, 2023 and 2022 is as follows:
| | | Outstanding
share
options | | |
Weighted- average
exercise
price ($)
| | | Weighted
average
remaining
contractual
life (years) | | | Aggregate
intrinsic
value ($ in
thousands) | |
| Options: | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Outstanding as of December 31, 2021 | | | 5,461,337 | | | | 3.102 | | | | 5.363 | | | | 16,713,971 | |
| | | | | | | | | | | | | | | | | |
| Granted | | | 1,630,142 | | | | 6.833 | | | | | | | | | |
| Forfeited | | | (468,814 | ) | | | 5.557 | | | | | | | | | |
| Exercised | | | (570,451 | ) | | | 0.482 | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| Outstanding as of December 31, 2022 | | | 6,052,214 | | | | 4.166 | | | | 5.570 | | | | 7,761,705 | |
| | | | | | | | | | | | | | | | | |
| Granted | | | 430,874 | | | | 2.728 | | | | | | | | | |
| Forfeited | | | (351,671 | ) | | | 7.767 | | | | | | | | | |
| Exercised | | | (1,074,162 | ) | | | 0.654 | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| Outstanding as of December 31, 2023 | | | 5,057,255 | | | | 4.543 | | | | 5.662 | | | | 2,352,517 | |
| | | | | | | | | | | | | | | | | |
| Granted | | | 80,000 | | | | 1.91 | | | | | | | | | |
| Forfeited | | | (291,124 | ) | | | 6.08 | | | | | | | | | |
| Exercised | | | (255,756 | ) | | | 0.81 | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| Outstanding as of December 31, 2024 | | | 4,590,375 | | | | 4.62 | | | | 5.87 | | | | 1,364,975 | |
| | | | | | | | | | | | | | | | | |
| Exercisable as of December 31, 2024 | | | 3,716,507 | | | | 4.43 | | | | 5.42 | | | | 1,364,975 | |
| | | | | | | | | | | | | | | | | |
| Options available for future grants | | | 531,969 | | | | | | | | | | | | | |
|
| Schedule of RSUs Activity |
A summary of the Company’s
RSUs activity during the years ended December 31, 2024, 2023 and 2022 is as follows:
| |
|
Numbers of RSUs |
|
| RSUs: |
|
|
|
| |
|
|
|
| Outstanding as of December 31, 2021 |
|
$ |
1,968,794 |
|
| Granted |
|
|
1,619,898 |
|
| Forfeited |
|
|
(417,025 |
) |
| Vested |
|
|
(573,583 |
) |
| |
|
|
|
|
| Outstanding as of December 31, 2022 |
|
|
2,598,084 |
|
| Granted |
|
|
2,908,983 |
|
| Forfeited |
|
|
(370,067 |
) |
| Vested |
|
|
(895,170 |
) |
| |
|
|
|
|
| Outstanding as of December 31, 2023 |
|
|
4,241,830 |
|
| Granted |
|
|
4,377,834 |
|
| Forfeited |
|
|
(432,018 |
) |
| Vested |
|
|
(3,274,523 |
) |
| |
|
|
|
|
| Outstanding as of December 31, 2024 |
|
|
4,913,123 |
|
|
| Schedule of Compensation to Employees |
The following table
sets forth the parameters used in computation of the options compensation to employees and service providers:
| |
| Year
ended December 31 |
|
| |
| 2024 |
|
| 2023 |
|
| 2022 |
|
| |
| |
|
| |
|
| |
|
| Expected term, in years |
| |
6.11 |
|
| |
5.82 |
|
| |
4.41-6.11 |
|
| Expected volatility |
| |
51.75 |
% |
| |
47%-51.75 |
% |
| |
47%-48 |
% |
| Risk-free interest rate |
| |
4.23 |
% |
| |
4.15%-4.55 |
% |
| |
1.74%-3.96 |
% |
| Expected dividend yield |
| |
0 |
% |
| |
0 |
% |
| |
0 |
% |
|
| Schedule of Share Based Compensation Expense |
The
following table presents stock-based compensation expense to employees included in the Company’s consolidated statements of operations:
| |
|
Year ended December 31, |
|
| |
|
2024 |
|
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
|
|
|
| Research and development |
|
$ |
9,684 |
|
|
$ |
8,721 |
|
|
$ |
5,726 |
|
| Sales and marketing |
|
|
2,384 |
|
|
|
2,229 |
|
|
|
1,403 |
|
| General and administrative |
|
|
2,187 |
|
|
|
1,786 |
|
|
|
1,537 |
|
| Cost of revenues |
|
|
287 |
|
|
|
276 |
|
|
|
127 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total stock-based compensation expense |
|
$ |
14,542 |
|
|
$ |
13,012 |
|
|
$ |
8,793 |
|
|