v3.26.1
Stock-Based Compensation (Tables)
3 Months Ended
Apr. 04, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Expenses

The following table shows stock-based compensation expense included in the condensed consolidated statements of operations for the three months ended April 4, 2026 and March 29, 2025 (in thousands):

 

 

 

Three Months Ended

 

 

 

April 4, 2026

 

 

March 29, 2025

 

Cost of revenues

 

$

18

 

 

$

18

 

Research and development

 

 

24

 

 

 

29

 

Sales and marketing

 

 

65

 

 

 

66

 

General and administrative

 

 

104

 

 

 

100

 

Total stock-based compensation expense

 

$

211

 

 

$

213

 

 

Summary of Stock Options

The following table summarizes stock options information during the three months ended April 4, 2026:

 

 

 

Number of
Shares

 

 

Weighted
Average
Exercise Price
Per Share

 

 

Aggregate
Intrinsic
Value
(thousands)

 

Outstanding as of January 3, 2026

 

 

1,921,298

 

 

$

2.08

 

 

 

 

Granted

 

 

63,200

 

 

$

1.23

 

 

 

 

Canceled or forfeited

 

 

(37,124

)

 

$

2.89

 

 

 

 

Outstanding as of April 4, 2026

 

 

1,947,374

 

 

$

2.04

 

 

$

31

 

Weighted Average Assumptions for Fair Value Estimate of Stock-Based Awards (Options)

The Company uses the Black-Scholes option-pricing model to estimate the fair value of stock-based awards (options) with the following weighted-average assumptions:

 

 

 

Three Months Ended

 

 

 

April 4, 2026

 

 

March 29, 2025

 

Average risk-free interest rate

 

 

3.72

%

 

 

4.02

%

Expected life (in years)

 

 

4.0

 

 

4.5

 

Dividend yield

 

 

 

 

Average volatility

 

 

73

%

 

 

106

%

Summary of Stock Options Outstanding, Vested, Expected to Vest and Exercisable

Information regarding stock options outstanding, vested, expected to vest, and exercisable as of April 4, 2026 is summarized below:

 

 

 

Number of
Shares

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining
Contractual
Life (Years)

 

 

Aggregate
Intrinsic
Value
(thousands)

 

Options outstanding

 

 

1,947,374

 

 

$

2.04

 

 

 

3.88

 

 

$

31

 

Options vested and expected to vest

 

 

1,876,042

 

 

$

2.07

 

 

 

3.81

 

 

$

29

 

Options exercisable

 

 

963,896

 

 

$

2.89

 

 

 

3.13

 

 

$

1

 

Restricted Stock Units

Information regarding RSUs activity for the three months ended April 4, 2026 is summarized below:

 

 

 

Number
of Shares

 

Outstanding as of January 3, 2026

 

 

535,630

 

Restricted stock units released

 

 

(1,250

)

Restricted stock units forfeited

 

 

(6,333

)

Outstanding as of April 4, 2026

 

 

528,047