v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Cash flows from operating activities:    
Net loss $ (82,158) $ (88,840)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 15,682 12,182
Non-cash lease expense 2,889 4,130
Share-based compensation expense 10,157 11,848
Provision for credit losses 0 232
Loss on sale and write-down of fixed assets 223 363
Amortization of debt issuance costs 1,970 1,967
Equity in losses of unconsolidated joint venture 70 23
Unrealized (gains) losses on foreign currency transactions (11,161) 2,671
Net change in operating assets and liabilities:    
Accounts receivable (9,291) (3,273)
Inventories 4,709 10,005
Prepaid expenses and other current assets (8,473) (2,450)
Accounts payable 25,710 3,633
Accrued expenses and other current liabilities (3,638) 4,557
Prepaid lease costs, non-current (3,888) (3,236)
Operating lease liabilities (2,156) (1,626)
Net cash used in operating activities (59,355) (47,814)
Cash flows from investing activities:    
Purchases of property, plant and equipment (6,423) (2,520)
Proceeds from sale of fixed assets 348 3,157
Proceeds from security deposits 0 532
Net cash (used in) provided by investing activities (6,075) 1,169
Cash flows from financing activities:    
Proceeds from delayed draw term loan 40,000 0
Debt issuance costs (5,117) 0
Principal payments under finance lease obligations (937) (514)
Proceeds from exercise of stock options 6 5
Payments of minimum withholding taxes on net share settlement of equity awards (312) (539)
Net cash provided by (used in) financing activities 33,640 (1,048)
Net decrease in cash, cash equivalents and restricted cash (31,790) (47,693)
Cash, cash equivalents and restricted cash at the beginning of the period 145,554 205,935
Effect of foreign currency exchange rate changes on cash 3,505 (233)
Cash, cash equivalents and restricted cash at the end of the period 117,269 158,009
Cash paid during the period for:    
Interest 0 0
Taxes 2 16
Non-cash investing and financing activities:    
Issuance of common stock warrants in connection with delayed draw term loan 20,143 0
Non-cash additions to property, plant and equipment 1,345 1,118
Operating lease right-of-use assets obtained in exchange for lease liabilities 2,082 1,389
Reclassification of pre-paid lease costs to finance lease right-of-use assets 19,929 48
Non-cash addition to financing leases $ 10,091 $ 4,393