v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 03, 2026
Dec. 31, 2025
Current Assets:    
Cash $ 66,122 $ 1,759
Marketable securities 4,923 202
Accounts receivable, net 34,483 28,904
Government grant receivables 232 1,690
Related party receivables 58 426
Unbilled revenue 564 2,621
Inventories, net 102,401 69,697
Income tax receivable 3,766 0
Prepaid expenses and other current assets 5,548 4,774
Total current assets 218,097 110,073
Property, plant and equipment, net 42,457 42,342
Operating lease right-of-use assets 11,777 10,586
Intangible assets, net 6,558 7,184
Goodwill 4,527 4,583
Deferred tax assets, net 88 0
Other assets 724 878
Total assets 284,228 175,646
Current Liabilities:    
Accrued expenses and other current liabilities 17,417 13,659
Operating lease liabilities, current portion 956 875
Deferred government grants 2,358 4,672
Deferred revenue 21,416 14,853
Total current liabilities 72,097 60,298
Operating lease liabilities, net of current portion 11,407 10,247
Deferred tax liabilities, net 4,075 0
Other liabilities 998 1,189
Total liabilities 96,685 115,189
Commitments and Contingencies (Note 18)
Stockholders’ Equity:    
Preferred Stock - $0.001 par value; 20,000,000 shares authorized at July 3, 2026 and December 31, respectively. No shares issued and outstanding as of July 3, 2026 and December 31, 2025 0 0
Common Stock 30  
Additional paid-in capital 147,058 15,366
Retained earnings 40,507 44,791
Accumulated other comprehensive (loss) income (52) 280
Total stockholders’ equity 187,543 60,457
Total liabilities and stockholders’ equity 284,228 175,646
Related Party    
Current Assets:    
Related party receivables 100 200
Current Liabilities:    
Accounts payable 190 0
Current portion of long-term debt 0 2,319
Long-term debt, net of current portion 0 15,000
Nonrelated Party    
Current Liabilities:    
Accounts payable 27,390 16,165
Current portion of long-term debt 2,370 7,755
Long-term debt, net of current portion $ 8,108 28,455
Class A Common Stock    
Stockholders’ Equity:    
Common Stock   20
Class B Common Stock    
Stockholders’ Equity:    
Common Stock   $ 0

Source

10-Q XBRL Zip