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Related Party - Topcon
 9 Months Ended
Sep. 27, 2025
Related Party Transactions [Abstract]  
Related Party - Topcon

4. Related Party - Topcon

As of September 27, 2025, Topcon holds a 10% voting interest in the Company, which qualifies it to be a principal owner and considered a related party, even though it does not have significant influence over the Company’s operations.

Topcon resells certain of our products as our exclusive distributor in certain international regions. At the same time, the Company also purchases certain raw materials from Topcon. During the three and nine months ended September 27, 2025, the Company’s revenues related to Topcon amounted to approximately $3.9 million and $12.0 million, respectively, including $0.4 million and $1.1 million, respectively, in recognized exclusive distribution rights revenue. During the three and nine months ended September 28, 2024, the Company’s revenues related to Topcon amounted to approximately $3.8 million and $12.0 million, respectively, including $0.4 million and $1.1 million, respectively, in recognized exclusive distribution rights revenue. The Company’s purchases from Topcon during the three and nine months ended September 27, 2025 amounted to approximately $0.1 million and $0.4 million, respectively. As of September 27, 2025, the amounts receivable from and payable to Topcon were $2.4 million and $0.2 million, respectively. As of December 28, 2024, the amounts receivable from and payable to Topcon were $2.5 million and $0.6 million, respectively.