Segment Information about Revenue, Cost of Revenue, Gross Margin and Income before Income Taxes |
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 Ended | | Six Months Ended | | June 28, 2025 | | June 29, 2024 | | June 28, 2025 | | June 29, 2024 | Revenue | $ | 127,558 | | | $ | 166,361 | | | $ | 229,127 | | | $ | 316,375 | | Less: | | | | | | | | Cost of revenue | 89,259 | | | 138,895 | | | 170,515 | | | 252,808 | | Research and development | 13,766 | | | 23,230 | | | 28,453 | | | 57,108 | | Working marketing | 18,439 | | | 17,718 | | | 26,029 | | | 24,423 | | Other selling and marketing | 20,564 | | | 22,262 | | | 39,025 | | | 45,273 | | General and administrative | 21,069 | | | 16,926 | | | 40,085 | | | (36,785) | | Restructuring and other | 1,032 | | | 8,230 | | | 7,206 | | | 22,377 | | Amortization of intangible assets | 145 | | | 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) | |
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Revenue from External Customers by Geographic Areas |
The following table provides information about revenue by geographical region (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 28, 2025 | | June 29, 2024 | | June 28, 2025 | | June 29, 2024 | United States | $ | 56,441 | | | $ | 84,364 | | | $ | 97,881 | | | $ | 153,260 | | EMEA | 33,253 | | | 39,894 | | | 66,200 | | | 84,982 | | Japan | 29,424 | | | 27,818 | | | 51,373 | | | 55,536 | | Other | 8,440 | | | 14,285 | | | 13,673 | | | 22,597 | | Total revenue | $ | 127,558 | | | $ | 166,361 | | | $ | 229,127 | | | $ | 316,375 | |
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