v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 03, 2026
Dec. 31, 2025
Current Assets:    
Cash $ 1,825 $ 1,759
Marketable securities 838 202
Accounts receivable, net 29,127 28,904
Government grant receivables 1,690
Unbilled revenue 3,610 2,621
Inventories, net 75,032 69,697
Income tax receivable 74
Derivative asset 3,095
Prepaid expenses and other current assets 6,462 4,774
Total current assets 120,241 110,073
Property, plant and equipment, net 44,185 42,342
Operating lease right-of-use assets 10,448 10,586
Intangible assets, net 6,870 7,184
Goodwill 4,547 4,583
Deferred tax assets, net 84
Other assets 872 878
Total assets 187,247 175,646
Current Liabilities:    
Accounts payable 17,679 16,165
Accrued expenses and other current liabilities 13,765 13,659
Operating lease liabilities, current portion 898 875
Current portion of long-term debt – related party 2,396 2,319
Current portion of long-term debt 6,229 7,755
Deferred government grants 4,166 4,672
Deferred revenue 23,494 14,853
Total current liabilities 68,627 60,298
Operating lease liabilities, net of current portion 10,022 10,247
Long-term debt, net of current portion 26,768 28,455
Long-term debt, net of current portion – related party 15,000 15,000
Deferred tax liabilities, net 4,820
Other liabilities 1,000 1,189
Total liabilities 126,237 115,189
Commitments and Contingencies (Note 18)
Stockholders’ Equity:    
Preferred Stock - $0.001 par value; 20,000,000 shares authorized, no shares issued and outstanding as of April 3, 2026 and December 31, 2025
Additional paid-in capital 16,011 15,366
Retained earnings 44,995 44,791
Accumulated other comprehensive (loss) income (16) 280
Total stockholders’ equity 61,010 60,457
Total liabilities and stockholders’ equity 187,247 175,646
Related Party    
Current Assets:    
Related party receivables 178 426
Class A Common Stock    
Stockholders’ Equity:    
Common Stock, Value Issued 20 20
Class B Common Stock    
Stockholders’ Equity:    
Common Stock, Value Issued