v3.26.1
BALANCE SHEET INFORMATION (Tables)
12 Months Ended
May 29, 2026
BALANCE SHEET INFORMATION  
Inventories

 

 

May 29,

 

 

May 30,

 

(In thousands)

 

2026

 

 

2025

 

Raw materials and sub-assemblies

 

$29,247

 

 

$30,644

 

Work in process

 

 

11,441

 

 

 

9,263

 

Finished goods

 

 

666

 

 

 

2,090

 

 

 

$41,354

 

 

$41,997

 

Property and equipment, net

 

 

May 29,

 

 

May 30,

 

(In thousands)

 

2026

 

 

2025

 

Leasehold improvements

 

$6,096

 

 

$5,999

 

Machinery and equipment

 

 

4,375

 

 

 

3,846

 

Test equipment

 

 

3,523

 

 

 

2,898

 

Furniture and fixtures

 

 

1,518

 

 

 

1,331

 

Construction-in-process

 

 

405

 

 

 

362

 

 

 

 

15,917

 

 

 

14,436

 

Less: accumulated depreciation and amortization

 

 

(6,977)

 

 

(5,467)

 

 

$8,940

 

 

$8,969

 

Accrued expenses

 

 

May 29,

 

 

May 30,

 

(In thousands)

 

2026

 

 

2025

 

Commissions and bonuses

 

$1,466

 

 

$1,420

 

Payroll related

 

 

1,514

 

 

 

1,335

 

Professional services

 

 

576

 

 

 

436

 

Warranty reserve

 

 

676

 

 

 

428

 

Escrow payable

 

 

-

 

 

 

1,762

 

Other

 

 

1,051

 

 

 

639

 

 

 

$5,283

 

 

$6,020

 

Warranty reserve

 

 

May 29,

 

 

May 30,

 

(In thousands)

 

2026

 

 

2025

 

Balance at the beginning of the period

 

$428

 

 

$234

 

Accruals for warranties

 

 

809

 

 

 

679

 

Warranties acquired through business combination

 

 

-

 

 

 

144

 

Consumption of reserves

 

 

(1,277)

 

 

(629)
Adjustments to previously existing warranty accruals

 

 

716

 

 

 

-

 

Balance at the end of the period

 

$676

 

 

$428

 

Customer deposits and deferred revenue, short-term

 

 

May 29,

 

 

May 30,

 

(In thousands)

 

2026

 

 

2025

 

Customer deposits

 

$4,554

 

 

$1,802

 

Deferred revenue

 

 

638

 

 

 

179

 

 

 

$5,192

 

 

$1,981