Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.24.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation Expense
The stock-based compensation expense attributable to continuing operations is included in the consolidated statements of operations and comprehensive loss as indicated in the table below:
Years Ended December 31,
2023 2022
(in thousands)
Imagery & software analytical service costs, excluding depreciation and amortization $ 242  $ 553 
Professional & engineering service costs, excluding depreciation and amortization 502  1,341 
Selling, general and administrative 10,118  18,131 
Total stock-based compensation expense $ 10,862  $ 20,025 
Schedule of Share-based Payment Arrangements, Stock Options, Valuation Assumptions A summary of the weighted-average assumptions used by the Company is presented below:
Years Ended December 31,
2023 2022
Fair value per common share
$1.27
$2.06 - $2.15
Weighted-average risk-free interest rate
4.31%
3.20% - 4.72%
Volatility
31.20%
33.90% - 41.10%
Expected term (in years) 8.00 7.63
Dividend rate % %
Share-based Payment Arrangement, Option, Activity
A summary of the Company’s stock option activity under the Plans during the year ended December 31, 2023 is presented below:
Options Weighted-Average Exercise Price Weighted Average Contractual Term Aggregate Intrinsic Value
(in thousands) (in years) (in thousands)
Outstanding - January 1, 2023 8,641  $ 3.10 
Granted 2,075  1.27 
Exercised (407) 0.02 
Forfeited (1,726) 4.62 
Expired (243) 2.06 
Outstanding - December 31, 2023 8,340  2.51  8.20 $ 1,364 
Exercisable - December 31, 2023 3,027  2.77  7.50 1,083
Nonvested Restricted Stock Shares Activity
A summary of the Company’s nonvested RSA activity during the year ended December 31, 2023 is presented below:
Restricted Stock Awards Weighted-Average Grant-Date Fair Value
(in thousands)
Nonvested - January 1, 2023 57  $ 0.01 
Vested (34) 0.01 
Canceled —  0.01 
Nonvested - December 31, 2023 23  0.01 
Share-based Payment Arrangement, Restricted Stock Unit, Activity
A summary of the Company’s nonvested RSU activity during the year ended December 31, 2023 is presented below:
Restricted Stock Units Weighted-Average Grant-Date Fair Value
(in thousands)
Nonvested - January 1, 2023 7,854  $ 4.08 
Granted 14,360  1.27 
Vested (4,029) 4.53 
Canceled (2,053) 2.28 
Nonvested - December 31, 2023 16,132  1.69