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Segments and Disaggregation of Revenue
 12 Months Ended
Dec. 28, 2024
Segment Reporting [Abstract]  
Segments and Disaggregation of Revenue

13. Segments and Disaggregation of Revenue

 

Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s CODM is its President and Chief Executive Officer. The Company has determined that it operates in one operating segment and one reportable segment, as the CODM reviews financial information presented on a consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance.

 

The CODM assesses performance and decides how to allocate resources and make operating decisions based on revenues, loss from operations, and net loss that are reported on the Consolidated Statements of Operations. These metrics are also used to monitor budget versus actual results. The measure of segment assets is reported on the Consolidated Balance Sheets as total assets. Revenues, expenses, and assets requiring disclosure in accordance with ASC 280, Segment Reporting, are also included in the accompanying Consolidated Financial Statements. See the Consolidated Statements of Operations for the fiscal years ended 2024, 2023, and 2022 and the Consolidated Balance Sheets as of December 28, 2024 and December 30, 2023, for details.

 

Total long-lived assets by country at December 28, 2024 and December 30, 2023 were:

 

Total Long-lived Assets (in thousands)  2024   2023 
U.S.  $4,153   $4,424 
United Kingdom   82    244 
Total  $4,235   $4,668 

 

The Company disaggregates its revenue from contracts with customers by geographic location and by display application, as the Company believes it best depicts how the nature, amount, timing and uncertainty of its revenue and cash flows are affected by economic factors.

 

Total revenue by geographical area for the fiscal years ended December 28, 2024, December 30, 2023 and December 31, 2022:

 

   2024   2023   2022 
(In thousands, except percentages)  Revenue   % of Total   Revenue   % of Total   Revenue   % of Total 
U.S.  $47,559    94%  $35,092    87%  $38,604    82%
Other Americas   5    —%   5    —%   4    —%
Total Americas   47,564    94%   35,097    87%   38,608    82%
Asia-Pacific   1,989    4%   3,766    9%   7,791    16%
Europe   782    2%   1,531    4%   1,002    2%
Total Revenues  $50,335    100%  $40,394    100%  $47,401    100%

 

Total revenue by display application for the fiscal years ended December 28, 2024, December 30, 2023 and December 31, 2022 was as follows:

 

(In thousands)  2024   2023   2022 
Defense  $41,249   $22,615   $24,780 
Industrial   2,200    2,736    6,136 
Consumer   25    573    1,497 
Medical   103    —    — 
Other product   320    13    7 
R&D   5,996    13,455    14,357 
License and royalties   442    1,002    624 
Total Revenues  $50,335   $40,394   $47,401 

 

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)