v3.25.2
Industry Segment, Geographic Information and Significant Customers
 6 Months Ended
Jun. 28, 2025
Segment Reporting [Abstract]  
Industry Segment, Geographic Information and Significant Customers Industry Segment, Geographic Information and Significant Customers
The Company's consumer robots are offered to consumers through a variety of distribution channels, including chain stores and other national retailers, through the Company's own website and app, dedicated e-commerce websites, the online arms of traditional retailers, and through value-added distributors and resellers worldwide.
The Company operates as one operating segment. The Company's chief operating decision maker ("CODM") is its chief executive officer, who reviews financial information presented on a consolidated basis to make key operating decisions and assess performance. The CODM evaluates operating performance and decides how to allocate resources based on consolidated net income (loss) that is reported on the consolidated statements of operations as well as non-GAAP gross profit and non-GAAP operating income (loss). The CODM manages business activities by considering budget-to-actual analysis and developing short-term and long-term operational plans. The CODM does not review assets in evaluating operating performance, and therefore, such information is not presented.
The following table presents selected financial information with respect to the Company's single operating segment for the three and six months ended June 28, 2025 and June 29, 2024 (in thousands):
Three Months EndedSix Months Ended
June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Revenue$127,558 $166,361 $229,127 $316,375 
Less:
Cost of revenue89,259 138,895 170,515 252,808 
Research and development13,766 23,230 28,453 57,108 
Working marketing18,439 17,718 26,029 24,423 
Other selling and marketing20,564 22,262 39,025 45,273 
General and administrative21,069 16,926 40,085 (36,785)
Restructuring and other1,032 8,230 7,206 22,377 
Amortization of intangible assets145 168 280 339 
Other (income) expense, net(13,385)8,849 27,680 12,034 
Income tax (benefit) expense(523)729 (65)837 
Net loss$(22,808)$(70,646)$(110,081)$(62,039)
Geographic Information
For the three months ended June 28, 2025 and June 29, 2024, sales to non-U.S. customers accounted for 55.8% and 49.3% of total revenue, respectively. For the six months ended June 28, 2025 and June 29, 2024, sales to non-U.S. customers accounted for 57.3% and 51.6% of total revenue, respectively.
The following table provides information about revenue by geographical region (in thousands):
Three Months EndedSix Months Ended
June 28, 2025June 29, 2024June 28, 2025June 29, 2024
United States$56,441 $84,364 $97,881 $153,260 
EMEA33,253 39,894 66,200 84,982 
Japan29,424 27,818 51,373 55,536 
Other8,440 14,285 13,673 22,597 
Total revenue$127,558 $166,361 $229,127 $316,375 
Significant Customers
For the three months ended June 28, 2025 and June 29, 2024, the Company generated 24.9% and 26.9%, respectively, of total revenue from one of its retailers. For the six months ended June 28, 2025 and June 29, 2024, the Company generated 21.8% and 23.6%, respectively, of total revenue from one of its retailers.