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Revenue
 6 Months Ended
Jun. 29, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Contract Balances

The following table reflects the changes in contract balances for the six months ended June 29, 2025:

Contract Classification
Balance Sheet Classification
June 29, 2025December 31, 2024$ change% change
(In thousands)
Accounts receivable, netAccounts receivable, net$61,450 $57,332 $4,118 7.2 %
Contract liabilities currentDeferred revenue$42,107 $27,248 $14,859 54.5 %
Contract liabilities non-currentOther non-current liabilities$437 $326 $111 34.0 %

Deferred revenue as of June 29, 2025 increased primarily due to increases in subscriptions and services revenue as a result of changes in consumer subscription plans and a shift to additional annual prepaid subscriptions, as well as increases in cumulative paid accounts and rates of subscriptions. For the six months ended June 29, 2025 and June 30, 2024, $21.7 million and $15.2 million, respectively, of the recognized revenue was included in deferred revenue at the beginning of the periods. There were no significant changes in estimates during the periods that would affect the contract balances.

Remaining Performance Obligations

The total estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied and remaining was $43.8 million as of June 29, 2025 and $25.9 million as of December 31, 2024, substantially related to performance obligations classified as less than one year.

Under the Supply Agreement with Verisure Sàrl (“Verisure”), our largest customer, a performance obligation is not deemed to exist until we receive and accept Verisure’s purchase order. As of June 29, 2025, we had a backlog of $40.4 million which represents performance obligations that will be recognized as revenue once fulfilled, which is expected to occur over the next six months.
Variable Consideration

Revenue from all sales is recognized at transaction price, the amount we expect to be entitled to in exchange for providing services or transferring goods. Transaction price is calculated as selling price net of variable consideration which includes estimates for sales incentives and sales returns related to current period products revenue. Sales incentives are determined based on a combination of the actual amounts committed and estimated future expenditure based upon historical customary business practice. Sales returns are estimated by analyzing certain factors, including historical sales and returns data, channel inventory levels, current economic trends, and changes in customer demand for our products. Variable consideration estimates are based on predictive historical data or future commitments that we plan and control. However, we continue to assess variable consideration estimates such that it is probable that a significant reversal of revenue will not occur. The following tables provide activities related to sales incentives and sales returns that are recognized as contra-revenue.

Three Months EndedSix Months Ended
Sales IncentivesJune 29,
2025		June 30,
2024		June 29,
2025		June 30,
2024
(In thousands)
Balance at the beginning of the period$28,378 $21,319 $29,846 $26,110 
Credits issued
(19,834)(12,594)(41,552)(32,382)
Additions
26,348 17,868 46,598 32,865 
Balance at the end of the period$34,892 $26,593 $34,892 $26,593 

Three Months EndedSix Months Ended
Sales ReturnsJune 29,
2025		June 30,
2024		June 29,
2025		June 30,
2024
(In thousands)
Balance at the beginning of the period$8,963 $11,558 $11,651 $17,058 
Credits issued
(3,246)(5,300)(8,749)(13,840)
Additions
2,373 2,505 5,188 5,545 
Balance at the end of the period$8,090 $8,763 $8,090 $8,763 

Disaggregation of Revenue

We disaggregate our revenue into three geographic regions: the Americas, EMEA, and APAC, where we conduct our business. The following table presents revenue disaggregated by geographic region.

 Three Months EndedSix Months Ended
 June 29,
2025		June 30,
2024		June 29,
2025		June 30,
2024
(In thousands)
Americas$81,902 $65,294 $151,999 $122,463 
EMEA43,320 56,827 86,215 118,207 
APAC4,183 5,326 10,257 10,977 
Total$129,405 $127,447 $248,471 $251,647 
For the six months ended June 29, 2025 and June 30, 2024, one customer accounted for 35% and 47% of the total revenue, respectively. No other customers accounted for 10% or greater of the total revenue. As of June 29, 2025, two customers accounted for 47% and 16%, and as of December 31, 2024, two customers accounted for 54% and 13% of the total accounts receivable, net. No other customers accounted for 10% or greater of the total accounts receivable, net.