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v3.26.1

Supplemental Financial Information (Tables) | 6 Months Ended
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Jun. 27, 2026
Supplemental Financial Information |
Schedule of inventories | Inventories consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 27, | ​ | December 27,
​ | ​ ​ ​ | 2026 | ​ ​ ​ | 2025
Raw materials | ​ | $ | 676 | ​ | $ | 181
Work in process | ​ | ​ | 1,310 | ​ | ​ | 190
Finished goods | ​ | ​ | 24,885 | ​ | ​ | 3,012
​ | ​ | $ | 26,871 | ​ | $ | 3,383
Schedule of supplemental disclosure of cash flow information and non-cash financing activities | The following table shows supplemental disclosures of cash flow information and non-cash financing activities (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended
​ | ​ | June 27, | ​ | June 28,
​ | ​ | 2026 | ​ ​ ​ | 2025
Supplemental disclosure of cash flow information: | ​ | ​ | ​ | ​ | ​ | ​
Cash paid during the year for: | ​ | ​ | ​ | ​ | ​ | ​
Interest | ​ | $ | 41 | ​ | $ | 20
Supplemental disclosure of non-cash investing and financing activities: | ​ | ​ | ​ | ​ | ​ | ​
Debt financing of insurance | ​ | $ | 438 | ​ | $ | 537
Lease modification to increase operating lease assets | ​ | $ | 999 | ​ | $ | —
Schedule of computation of basic and diluted earnings (loss) per share of common stock | The following table shows the computation of basic and diluted earnings (loss) per share of common stock (in thousands, except per share data): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | ​ | June 27, | ​ | June 28, | ​ | June 27, | ​ | June 28,
​ | ​ | ​ ​ ​ | 2026 | ​ ​ ​ | 2025 | ​ ​ ​ | 2026 | ​ ​ ​ | 2025
Numerator: Net income (loss) | ​ | ​ | $ | 1,403 | ​ | $ | (6,078) | ​ | $ | 10,048 | ​ | $ | (15,565)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average basic shares outstanding | ​ | ​ | ​ | 327,594 | ​ | ​ | 275,751 | ​ | ​ | 318,520 | ​ | ​ | 274,065
Effect of dilutive securities | ​ | ​ | ​ | 43,158 | ​ | ​ | — | ​ | ​ | 37,621 | ​ | ​ | —
Weighted-average diluted shares | ​ | ​ | ​ | 370,752 | ​ | ​ | 275,751 | ​ | ​ | 356,141 | ​ | ​ | 274,065
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings (loss) per share | ​ | ​ | $ | 0.00 | ​ | $ | (0.02) | ​ | $ | 0.03 | ​ | $ | (0.06)
Diluted earnings (loss) per share | ​ | ​ | $ | 0.00 | ​ | $ | (0.02) | ​ | $ | 0.03 | ​ | $ | (0.06)
Schedule of potential common shares excluded from diluted net loss per share calculations | These potential weighted average common share equivalents have been included in the three and six months ended June 27, 2026 in the diluted net earnings per share calculations above as their effect would be dilutive and excluded in the three and six months ended June 28, 2025 from the diluted net loss per share calculations above as their effect would be anti-dilutive (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | ​ | June 27, | ​ | June 28, | ​ | June 27, | ​ | June 28,
​ | ​ | ​ ​ ​ | 2026 | ​ ​ ​ | 2025 | ​ ​ ​ | 2026 | ​ ​ ​ | 2025
Weighted average common share equivalents | ​ | ​ | ​ | 43,158 | ​ | ​ | 587 | ​ | ​ | 37,621 | ​ | ​ | 580
Schedule of disaggregation of sales by major source | The following table shows disaggregated net sales by major source (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 27, | ​ | June 28, | ​ | June 27, | ​ | June 28,
​ | ​ ​ ​ | 2026 | ​ | 2025 | ​ ​ ​ | 2026 | ​ | 2025
Resales of third-party products | ​ | $ | 103,761 | ​ | $ | 40,218 | ​ | $ | 204,352 | ​ | $ | 67,866
Sale of our modular memory subsystems | ​ | ​ | 6,084 | ​ | ​ | 1,488 | ​ | ​ | 10,385 | ​ | ​ | 2,815
Total net sales | ​ | $ | 109,845 | ​ | $ | 41,706 | ​ | $ | 214,737 | ​ | $ | 70,681
Schedule of sales from external customers by geographic area | Net product sales by country presented below are based on the billing location of the customer (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 27, | ​ | June 28, | ​ | June 27, | ​ | June 28,
​ | ​ ​ ​ | 2026 | ​ ​ ​ | 2025 | ​ ​ ​ | 2026 | ​ ​ ​ | 2025
United States | ​ | $ | 17,723 | ​ | $ | 1,888 | ​ | $ | 27,971 | ​ | $ | 3,828
People's Republic of China (1) | ​ | ​ | 71,570 | ​ | ​ | 38,848 | ​ | ​ | 152,402 | ​ | ​ | 65,017
Malaysia | ​ | ​ | 18,082 | ​ | ​ | - | ​ | ​ | 18,082 | ​ | ​ | -
Other countries | ​ | ​ | 2,470 | ​ | ​ | 970 | ​ | ​ | 16,282 | ​ | ​ | 1,836
Total net sales | ​ | $ | 109,845 | ​ | $ | 41,706 | ​ | $ | 214,737 | ​ | $ | 70,681
​
| (1) | The People’s Republic of China (“PRC”) includes Hong Kong and Taiwan.
Schedule of customer concentration of risk | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 27, | ​ | June 28, | ​ | June 27, | ​ | June 28,
​ | ​ | 2026 | ​ | 2025 | ​ | 2026 | ​ | 2025
Customer A | ​ | 31% | ​ | 34% | ​ | 30% | ​ | 26%
Customer B | ​ | * | ​ | 13% | ​ | * | ​ | *
Customer C | ​ | * | ​ | 16% | ​ | * | ​ | 10%
Customer D | ​ | * | ​ | * | ​ | * | ​ | 10%
Customer E | ​ | 25% | ​ | * | ​ | 13% | ​ | *
Customer F | ​ | 14% | ​ | * | ​ | 13% | ​ | *
​
| * | Less than 10% of net sales during the period.
Schedule of supplier concentration of risk | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 27, | ​ | June 28, | ​ | June 27, | ​ | June 28,
​ | ​ | 2026 | ​ | 2025 | ​ | 2026 | ​ | 2025
Supplier A | ​ | 82% | ​ | 93% | ​ | 87% | ​ | 92%

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