Stock Options and Warrants (Tables)
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12 Months Ended |
Feb. 28, 2021 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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Schedule of stock-based compensation |
| | | | | | | | | | | | Year Ended February 28(29), | | | 2021 | | 2020 | | 2019 | Cost of revenue | | $ | 948 | | $ | 318 | | $ | 255 | Product and technology | | | 3,387 | | | 1,674 | | | 1,108 | Sales and marketing | | | 2,376 | | | 1,482 | | | 1,199 | General and administrative | | | 2,865 | | | 2,528 | | | 3,159 | Total stock‑based compensation | | $ | 9,576 | | $ | 6,002 | | $ | 5,721 |
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Schedule of weighted average assumptions |
| | | | | | | | | Year Ended February 28(29), | | | 2021 | | 2020 | | 2019 | Estimated fair value of common stock | | $9.62-$31.27 | | $2.40-$3.35 | | $4.80-$9.55 | Exercise price | | $15.40-$50.88 | | $4.70-$6.75 | | $9.60-$18.70 | Expected volatility | | 68%-78% | | 46%-50% | | 50% | Expected term (in years) | | 5.00-6.25 | | 6.25 | | 6.25 | Risk‑free interest rate | | 0.30%-0.64% | | 2.65%-2.94% | | 1.67%-2.62% | Dividend yield | | — | | — | | — |
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Schedule of stock option activity |
| | | | | | | | | | | | | | | | | | Weighted | | | | | | | | Weighted‑ | | Remaining | | Aggregate | | | | | Average | | Contractual | | Intrinsic | | | Stock Options | | Exercise Price | | Life In Years | | Value | Balance, February 28, 2018 | | 6,970,591 | | | | | | | | | Granted | | 1,635,115 | | | | | | | | | Exercised | | (249,027) | | | | | | | | | Forfeited | | (209,135) | | | | | | | | | Balance, February 28, 2019 | | 8,147,544 | | | | | | | | | Granted | | 2,084,046 | | $ | 10.80 | | | | | | Exercised | | (1,843,001) | | $ | 3.70 | | | | | | Forfeited | | (392,533) | | $ | 5.70 | | | | | | Balance, February 29, 2020 | | 7,996,056 | | | | | | | | | Granted | | 2,167,775 | | $ | 17.47 | | | | | | Exercised | | (1,182,099) | | $ | 5.98 | | | | | | Forfeited | | (257,963) | | $ | | | | | | | Balance, February 28, 2021 | | 8,723,769 | | $ | 8.97 | | 7.0 | years | $ | 308,521,503 | Vested and expected to vest as of February 28, 2021 | | 8,520,372 | | $ | 8.95 | | 7.0 | years | $ | 301,383,636 | Exercisable as of February 28, 2021 | | 5,441,241 | | $ | 6.43 | | 5.8 | years | $ | 206,263,052 |
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Schedule of warrants |
| | | | | Common Stock | | | Warrants | Balance, February 28, 2018 | | 928,945 | Issued | | 541,159 | Exercised | | (4,061) | Balance, February 28, 2019 | | 1,466,043 | Issued | | 220,594 | Exercised | | (33,369) | Balance, February 29, 2020 | | 1,653,268 | Issued | | — | Exercised | | (160,000) | Automatic exercise of warrants in connection with IPO | | (1,493,268) | Balance, February 28, 2021 | | — |
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Time Based Restricted Stock Units [Member] |
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Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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Schedule of stock option activity |
| | | | | Restricted Stock Units | Balance, February 29, 2020 | | — | Granted | | 191,415 | Vested | | (702) | Forfeited | | — | Balance, February 28, 2021 | | 190,713 |
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