v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Apr. 03, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (338) $ 1,197
Loss from discontinued operations (656)
(Loss) income from continuing operations (338) 1,853
Adjustments to reconcile (loss) income from continuing operations to net cash provided by operating activities:    
Deferred income taxes 4,736
Change in fair value of derivative asset (3,095)
Depreciation and amortization 1,923 1,604
Stock-based compensation 645
Noncash operating lease expense 138 217
Noncash interest expense 6 7
Provision for excess and obsolete inventories 36 395
Change in fair value of interest rate collars (34) (56)
Unrealized gain on marketable securities (636)
Changes in operating assets and liabilities:    
Accounts receivable (229) 7,537
Unbilled revenue (989) (1,051)
Inventories (5,387) (6,405)
Related party receivables 171 (3)
Income tax receivable (74)
Prepaid expenses and other current assets (1,202) (272)
Other assets (4) 7
Accounts payable 2,492 291
Accrued expenses and other current liabilities 392 (203)
Operating lease liabilities (202) (188)
Deferred revenue 8,645 4,520
Other liabilities (73) (20)
Net cash provided by operating activities from continuing operations 6,921 8,233
Net cash used in operating activities from discontinued operations (2,928)
Net cash provided by operating activities 6,921 5,305
Cash flows from investing activities:    
Purchases of property, plant and equipment, net of grant proceeds (see Note 7 – Government Grants) (2,337) (2,733)
Net cash used in investing activities from continuing operations (2,337) (2,733)
Net cash used in investing activities from discontinued operations (24)
Net cash used in investing activities (2,337) (2,757)
Cash flows from financing activities:    
Payments of principal on revolving credit facility (1,810) (2,048)
Proceeds from revolving credit facility 164 400
Payments of principal on long-term debt (1,074) (2,966)
Payments of principal on long-term debt – related party (1,519)
Cash distributions paid to stockholders (1,789)
Payments of deferred consideration (73)
Net payments of principal on revolving credit facility – related party (150) (32)
Payments of principal on finance leases (11) (13)
Net cash used in financing activities from continuing operations (4,473) (6,448)
Net cash provided by financing activities from discontinued operations 28
Net cash used in financing activities (4,473) (6,420)
Effects of exchange rate changes on cash (45) 146
Net increase (decrease) in cash 66 (3,726)
Cash at beginning of period 1,759 6,532
Cash at end of period 1,825 2,806
Reconciliation of cash at beginning of period:    
Cash at beginning of period – continuing operations 1,759 3,608
Cash at beginning of period – discontinued operations 2,924
Cash at beginning of period 1,825 2,806
Reconciliation of cash at end of period:    
Cash at end of period – continuing operations 1,825 2,806
Cash at end of period – discontinued operations
Cash at end of period 1,825 2,806
Supplemental non-cash investing and financing activities:    
Purchases of property, plant and equipment included in accounts payable and accrued expenses 1,081 52
Deferred offering costs included in accounts payable and accrued expenses 1,346
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 1,085 $ 930