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Reportable Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 29, 2024
Segment Reporting [Abstract] |
Schedule of Revenue by Country | The following table discloses revenue for the fiscal years ended December 29, 2024, December 31, 2023, and January 1, 2023 by country as determined by customer address:
| Fiscal Year Ended
| December 29, 2024 |  | December 31, 2023 |  | January 1, 2023
United States | $ | 329,049 |  |  | $ | 261,274 |  |  | $ | 184,908 |
Canada | 8,197 |  |  | 8,327 |  |  | 4,135 |
Hong Kong | 878 |  |  | 6,406 |  |  | 6,181 |
United Kingdom | 1,078 |  |  | 4,639 |  |  | 7,147 |
All others | 3,067 |  |  | 6,036 |  |  | 10,570 |
Total revenue | $ | 342,269 |  |  | $ | 286,682 |  |  | $ | 212,941 |
Schedule of Operating and Reportable Segment | The following tables present details of the Company’s operating and reportable segment results:
| Fiscal Year Ended
| December 29, 2024 |  | December 31, 2023 |  | January 1, 2023
| (in thousands, except per share data)
Revenue | $ | 342,269 |  |  | $ | 286,682 |  |  | $ | 212,941 |
Cost of revenue |  |  |  |  |
Labor | 79,430 |  |  | 84,362 |  |  | 66,010 |
Direct expenses | 102,597 |  |  | 102,277 |  |  | 94,668 |
Cost of tool revenue | 73,281 |  |  | 12,760 |  |  | — |
Depreciation and amortization | 17,335 |  |  | 27,991 |  |  | 26,296 |
Total cost of revenue | 272,643 |  | 227,390 |  | 186,974
Gross profit | 69,626 |  | 59,292 |  | 25,967
Research and development expense | 15,040 |  |  | 10,169 |  |  | 9,431 |
Selling, general, and administrative expense |  |  |  |  |
Labor | 24,582 |  |  | 25,726 |  |  | 20,030 |
Direct expenses | 23,015 |  |  | 37,899 |  |  | 26,216 |
Depreciation and amortization | 429 |  |  | 286 |  |  | 57 |
Total selling, general, and administrative expense | $ | 48,026 |  |  | $ | 63,911 |  |  | $ | 46,303 |
Operating income (loss) | 6,560 |  |  | (14,788) |  |  | (29,767) |
Other expense: |  |  |  |  |
Loss on debt extinguishment | — |  |  | — |  |  | 1,101 |
Interest expense | 8,837 |  |  | 10,826 |  |  | 5,194 |
Total other expense | $ | 8,837 |  |  | $ | 10,826 |  |  | $ | 6,295 |
Loss before income taxes | (2,277) |  |  | (25,614) |  |  | (36,062) |
Income tax expense (benefit) | 240 |  |  | (521) |  |  | 809 |
Net loss | $ | (2,517) |  |  | $ | (25,093) |  |  | $ | (36,871) |

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- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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