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Segment Information
 6 Months Ended
Jun. 28, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company develops, markets and sells an appliance-based broadband platform, cloud and managed services. There are no segment managers who are held accountable for operations, operating results and plans for levels or components below the Company unit level. Accordingly, the Company is a single reporting segment and operating unit structure. The Company’s chief operating decision maker (“CODM”) is the Company’s Chief Executive Officer, who reviews financial information presented on a Company-wide basis, for purposes of allocating resources and evaluating financial performance. The CODM assesses the performance of the single segment and allocates resources based on revenue and measures derived from gross margin and operating loss that is reported in the Condensed Consolidated Statements of Comprehensive Loss. In addition, the CODM uses a measure derived from operating expenses in the Condensed Consolidated Statements of Comprehensive Loss to monitor budget versus actual results to determine the Company’s and management’s performance. The Company does not have intra-entity sales or transfers. The measure of the single segment assets is the consolidated assets in the Condensed Consolidated Balance Sheet. The accounting policies of the single segment are the same as described in the significant accounting policies.
Geographic Information:
A summary of revenue disaggregated by geographic region based upon the location of the customers was as follows (in thousands):
Three Months EndedSix Months Ended
June 28, 2025June 29, 2024June 28, 2025June 29, 2024
United States$219,039 $182,705 $430,218 $392,795 
Europe15,565 6,712 18,094 13,572 
Americas ex U.S.5,881 7,052 11,349 14,187 
Rest of world1,397 1,670 2,463 3,895 
$241,882 $198,139 $462,124 $424,449 
The Company’s property and equipment, net of accumulated depreciation, were located in the following geographical areas (in thousands):
June 28,
2025		December 31, 2024
United States$28,965 $27,601 
China2,724 2,818 
India726 734 
$32,415 $31,153 
Selected Financial Information:
The following table presents selected financial information with respect to the Company’s single operating segment (in thousands):
Three Months EndedSix Months Ended
June 28,
2025		June 29,
2024		June 28,
2025		June 29,
2024
Revenue$241,882 $198,139 $462,124 $424,449 
Adjusted cost of revenue (1)
(104,595)(88,873)(201,051)(191,014)
Adjusted sales and marketing operating expenses (2)
(52,606)(48,047)(104,196)(97,094)
Adjusted research and development operating expenses (3)
(39,897)(39,725)(78,796)(79,632)
Adjusted general and administrative operating expenses (4)
(18,552)(16,436)(37,888)(35,870)
Other segment items (5)
(25,841)(16,414)(45,883)(34,227)
Interest income and other expenses, net3,036 2,674 6,127 5,174 
Income taxes(3,626)724 (5,423)359 
Net income (loss)$(199)$(7,958)$(4,986)$(7,855)
(1) GAAP cost of revenue adjusted for stock-based compensation and intangible asset amortization.
(2) GAAP sales and marketing operating expenses adjusted for stock-based compensation.
(3) GAAP research and development operating expenses adjusted for stock-based compensation.
(4) GAAP general and administrative operating expenses adjusted for stock-based compensation.
(5) Other segment items consisted of stock-based compensation expense and intangible asset amortization.