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Equity Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock Option Plans

A summary of the status of the Company’s option plans as of June 30, 2017 and changes during the period then ended is presented below: 

 

 

 

Six months ended June 30, 2017

 

 

 

Unaudited

 

 

 

Number

of options

 

 

Weighted

average

exercise

price

 

Outstanding at beginning of year

 

 

11,377,354

 

 

$

9.76

 

Granted

 

 

4,757,238

 

 

 

9.25

 

Exercised

 

 

(639,902

)

 

 

2.13

 

Forfeited and cancelled

 

 

(205,370

)

 

 

12.65

 

Outstanding as of June 30, 2017

 

 

15,289,320

 

 

 

9.88

 

 

 

 

 

 

 

 

 

 

Exercisable options

 

 

6,722,358

 

 

 

7.49

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest

 

 

15,289,320

 

 

$

9.88

 

 

Schedule of RSU's

A summary of the status of the Company’s RSUs as of June 30, 2017 and changes during the period then ended is presented below: 

 

 

 

Six months ended June 30, 2017

 

 

 

Unaudited

 

 

 

Number

of RSUs

 

 

Weighted

average

grant date fair value

price

 

Unvested at beginning of year

 

 

-

 

 

$

-

 

Granted

 

 

1,661,619

 

 

 

9.64

 

Vested

 

 

-

 

 

 

-

 

Forfeited and cancelled

 

 

-

 

 

 

-

 

Unvested as of June 30, 2017

 

 

1,661,619

 

 

$

9.64

 

 

Schedule of Fair Value of Equity Based Awards Using Black-Scholes Option Pricing Model

The fair value of equity-based awards was estimated using the Black-Scholes option-pricing model for all grants with the following underlying assumptions: 

 

 

 

Six months ended June 30,

 

 

Year ended

December 31,

 

 

2017

 

2016

 

 

2016

 

 

Unaudited

 

 

Audited

Stock Option Plans

 

 

 

 

 

 

 

 

Expected term (years)

 

5.5-6.25

 

6.25

 

 

6.25

Expected volatility

 

56.74%-59.15%

 

59.80%-61.65%

 

 

58.40%-61.70%

Risk-free interest rate

 

1.99%-2.23%

 

1.23%-1.88%

 

 

1.23%-1.88%

Dividend yield

 

0.00%

 

0.00%

 

 

0.00%

ESPP

 

 

 

 

 

 

 

 

Expected term (years)

 

0.50

 

 

-

 

 

0.42

Expected volatility

 

82.00%

 

 

-

 

 

70.45%

Risk-free interest rate

 

0.62%

 

 

-

 

 

0.40%

Dividend yield

 

0.00%

 

 

-

 

 

0.00%

 

Schedule of Non-cash Share-based Compensation Expense Related to Company's Equity-Based Awards

The total non-cash share-based compensation expense related to all of the Company’s equity-based awards recognized for the three and six months ended June 30, 2017 and 2016 and the year ended December 31, 2016 was:

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

Year ended

December 31,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

2016

 

 

 

Unaudited

 

 

Unaudited

 

 

Audited

 

Cost of revenues

 

$

131

 

 

$

170

 

 

$

274

 

 

$

311

 

 

$

623

 

Research, development and clinical trials

 

 

811

 

 

 

839

 

 

 

1,673

 

 

 

1,602

 

 

 

3,155

 

Sales and marketing

 

 

1,735

 

 

 

1,349

 

 

 

2,390

 

 

 

2,639

 

 

 

5,111

 

General and administrative

 

 

4,893

 

 

 

3,279

 

 

 

7,794

 

 

 

6,541

 

 

 

12,552

 

Total share-based compensation expense

 

$

7,570

 

 

$

5,637

 

 

$

12,131

 

 

$

11,093

 

 

$

21,441