Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation Expense
The stock-based compensation expense attributable to continuing operations was included in the unaudited condensed consolidated statements of operations and comprehensive loss as follows:
Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
(in thousands)
Imagery & software analytical service costs, excluding depreciation and amortization $ 304  $ —  $ 1,105  $ — 
Engineering & systems integration costs, excluding depreciation and amortization 44  —  165  — 
Selling, general and administrative 2,638  264  11,956  772 
Total stock-based compensation expense $ 2,986  $ 264  $ 13,226  $ 772 
Schedule of Share-based Payment Arrangements, Stock Options, Valuation Assumptions A summary of the weighted-average assumptions used by the Company is presented below for the six months ended June 30, 2022; there were no stock options awarded during the six months ended June 30, 2021:
Fair value per common share $2.10
Weighted-average risk-free interest rate 3.20  %
Volatility 33.90  %
Expected term (in years) 8.0
Dividend rate 0  %
Share-based Payment Arrangement, Option, Activity
A summary of the Company’s stock option activity under the Plans during the six months ended June 30, 2022 is presented below:
Options Weighted-Average Exercise Price Weighted Average Contractual Term Aggregate Intrinsic Value
(in thousands) (in years) (in thousands)
Outstanding - January 1, 2022 5,022  $ 4.4914 
Granted 294  2.1000 
Exercised (584) 0.0431 
Forfeited (42) 0.0121 
Outstanding - June 30, 2022 4,690  4.9357  8.52 $ 3,310 
Exercisable - June 30, 2022 1,005  0.5100  6.56 1,810
Nonvested Restricted Stock Shares Activity
A summary of the Company’s nonvested RSA activity during the six months ended June 30, 2022 is presented below:
Restricted Stock Awards Weighted-Average Grant-Date Fair Value
(in thousands)
Nonvested - January 1, 2022 335  $ 0.0121 
Vested (156) 0.0121 
Canceled (79) 0.0121 
Nonvested - June 30, 2022 100  0.0121 
Share-based Payment Arrangement, Restricted Stock Unit, Activity
A summary of the Company’s nonvested RSU activity during the six months ended June 30, 2022 is presented below:
Restricted Stock Units Weighted-Average Grant-Date Fair Value
(in thousands)
Nonvested - January 1, 2022 10,959  $ 6.7675 
Granted 1,429  1.8851 
Vested (5,336) 6.9981 
Canceled (204) 6.7167 
Nonvested - June 30, 2022 6,848  5.5709