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SEGMENTS AND DISAGGREGATION OF REVENUE
 9 Months Ended
Sep. 27, 2025
Segment Reporting [Abstract]  
SEGMENTS AND DISAGGREGATION OF REVENUE

12. 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, income (loss) from operations, and net income (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 Condensed Consolidated Financial Statements. See the Condensed Consolidated Statements of Operations for the three and nine months ended September 27, 2025 and September 28, 2024 and the Consolidated Balance Sheets as of September 27, 2025 and December 28, 2024, for details.

 

Total long-lived assets by country at September 27, 2025 and December 28, 2024 were:

 

Total Long-lived Assets (in thousands)  September 27, 2025   December 28, 2024 
United States  $4,390   $4,153 
United Kingdom   376    82 
Total  $4,766   $4,235 

 

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

 

During the three and nine months ended September 27, 2025 and September 28, 2024, the Company derived its sales from the following geographies:

 

   Three Months
Ended		   Three Months
Ended		   Nine Months
Ended		   Nine Months
Ended		 
   September 27, 2025   September 28, 2024   September 27, 2025   September 28, 2024 
(In thousands, except percentages)  Revenue   % of Total   Revenue   % of Total   Revenue   % of Total   Revenue   % of Total 
United States  $11,547    97%  $12,612    95%  $29,784    96%  $33,352    93%
Other Americas   —    —    —    —    34    —    5    — 
Total Americas   11,547    97    12,612    95    29,818    96    33,357    93 
Asia - Pacific   278    2    382    3    654    2    1,632    5 
Europe   137    1    326    2    484    2    700    2 
Total Revenues  $11,962    100%  $13,320    100%  $30,956    100%  $35,689    100%

 

During the three and nine months ended September 27, 2025 and September 28, 2024, the Company derived its sales from the following display applications:

 

   Three Months Ended   Three Months Ended   Nine Months Ended   Nine Months Ended 
(In thousands)  September 27, 2025   September 28, 2024   September 27, 2025   September 28, 2024 
Defense  $9,934   $10,434   $24,618   $29,095 
Industrial   749    489    2,172    1,883 
Medical   1    —    574    — 
Consumer and other   9    —    58    25 
R&D   1,200    2,268    3,345    4,338 
License and royalties   69    129    189    348 
Total Revenues  $11,962   $13,320   $30,956   $35,689