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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Option, Activity
The following table summarizes the stock option activity for the years ended December 31, 2022 and 2021:
(Aggregate intrinsic value in thousands)
Number of
Units
Weighted
Average
Exercise Price
Weighted
Average
Remaining
Contractual
Term (Years)
Aggregate
Intrinsic
Value
Outstanding as of January 1, 202113,594,702 $0.38 8.35
Granted16,891,718 7.88 0
Exercised(3,606,121)0.40 0
Forfeited(1,455,010)1.39 0
Outstanding as of January 1, 202225,425,289 $5.30 8.91
Granted4,369,239 10.45 0
Exercised(1,441,003)0.58 0
Forfeited(3,863,301)7.60 0
Outstanding at December 31, 2022
24,490,224 $6.16 6.43$646,417 
Exercisable at December 31, 2022
10,682,240 $3.81 6.01$458,705 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value
Other information about the Company’s stock options for the years ending December 31, 2022 and 2021 was as follows:
(In thousands)20222021
Total grant date fair value of stock options vested$14,718 $776 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The following table summarizes the assumptions used in valuing the stock options for the years ended December 31, 2022 and 2021:
20222021
Expected term
0.13 - 6.25 years
5.50 - 6.25 years
Risk-free interest rate
0.8% – 4.1%
0.6% – 1.4%
Expected volatility
69.8% – 98.7%
46.3% – 47.7%
Dividend yield0%0%
The fair value of the shares under the ESPP is calculated on the first day of the offering period (the grant date) using the Black-Scholes valuation model and the following assumptions:
2022
Expected term0.50 years
Risk-free interest rate3.3%
Expected volatility90.2%
Nonvested Restricted Stock Shares Activity The following table summarizes the RSU award activity for the year ended December 31, 2022:
(Aggregate fair value in thousands)Number of
RSUs		Weighted Average
Grant Date Fair Value		Aggregate Fair Value
Outstanding at December 31, 2021— $— 
Granted10,152,824 $2.08 
Vested— $— 
Forfeited(415,518)$2.70 
Outstanding at December 31, 20229,737,306 $2.06 $20,021 
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Total stock-based compensation expense was classified in the consolidated statements of operations and comprehensive loss for the years ended December 31, 2022 and 2021 as follows:
(In thousands)20222021
Cost of revenue (stock options, RSUs and ESPP)$1,743 $846 
Selling, general and administrative (stock options, RSUs and ESPP)16,896 5,481 
Selling, general and administrative (earn-out shares)5,923 2,080 
Total stock-based compensation expense$24,562 $8,407