Shareholders’ Equity (Tables)
|
12 Months Ended |
Dec. 31, 2023 |
|---|
| 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, 2023, 2022 and 2021 is
as follows:
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|
Outstanding share
options
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Weighted-average
exercise
price ($) |
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Weighted
average remaining contractual
life (years) |
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Aggregate
intrinsic value ($ in thousands) |
|
| Options: |
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| Outstanding
as of December 31, 2020 |
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3,768,034 |
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0.767 |
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4.626 |
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119,146 |
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| Granted |
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1,966,916 |
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7.250 |
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| Forfeited |
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(117,863 |
) |
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0.972 |
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| Exercised |
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(155,750 |
) |
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0.602 |
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| Outstanding
as of December 31, 2021 |
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5,461,337 |
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3.102 |
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5.363 |
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16,713,971 |
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| Granted |
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1,630,142 |
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6.833 |
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| Forfeited |
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(468,814 |
) |
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5.557 |
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| Exercised |
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(570,451 |
) |
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0.482 |
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| Outstanding as of December 31,
2022 |
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6,052,214 |
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4.166 |
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5.570 |
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7,761,705 |
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| Granted |
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430,874 |
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2.728 |
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| Forfeited |
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(351,671 |
) |
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7.767 |
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| Exercised |
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(1,074,162 |
) |
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0.654 |
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Outstanding
as of December 31, 2023
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5,057,255 |
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4.543 |
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5.662 |
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2,352,517 |
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| Exercisable as of December 31,
2023 |
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3,210,191 |
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3.643 |
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4.403 |
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2,277,303 |
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| Options available for
future grants |
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611,246 |
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| Schedule of RSUs Activity |
A
summary of the Company’s RSUs activity during the years ended December 31, 2023, 2022 and 2021 is as follows:
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|
Numbers
of RSUs |
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| RSUs: |
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| Outstanding as of January 1, 2021 |
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- |
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| Granted |
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1,968,794 |
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| Forfeited |
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- |
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| Vested |
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- |
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| Outstanding as of December 31,
2021 |
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1,968,794 |
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| Granted |
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1,619,898 |
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| Forfeited |
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(417,025 |
) |
| Vested |
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(573,583 |
) |
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| Outstanding as of December 31,
2022 |
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2,598,084 |
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| Granted |
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2,908,983 |
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| Forfeited |
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(370,067 |
) |
| Vested |
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(895,170 |
) |
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| Outstanding as of December 31,
2023 |
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4,241,830 |
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| Schedule of Compensation to Employees |
The
following table sets forth the parameters used in computation of the options compensation to employees and service providers:
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Year
ended December
31
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2023 |
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2022 |
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2021 |
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| Expected term, in years |
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5.82 |
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4.41-6.11 |
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4.61-6.11 |
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| Expected volatility |
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47%-51.75% |
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47%-48% |
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42%-46% |
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| Risk-free interest rate |
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4.15%-4.55% |
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1.74%-3.96% |
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0.49%-1.28% |
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| Expected dividend yield |
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0% |
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0% |
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0% |
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| 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:
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Year
ended December
31,
|
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2023 |
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2022 |
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2021 |
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| Research and development |
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$ |
8,721 |
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$ |
5,726 |
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$ |
1,518 |
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| Sales and marketing |
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2,229 |
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1,403 |
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|
217 |
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| General and administrative |
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1,786 |
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|
1,537 |
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|
419 |
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| Cost of revenues |
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|
276 |
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|
127 |
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|
57 |
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| Total stock-based compensation
expense |
|
$ |
13,012 |
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|
$ |
8,793 |
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$ |
2,211 |
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