v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
May 29, 2026
May 30, 2025
May 31, 2024
Cash flows from operating activities:      
Net income (loss) $ (7,126) $ (3,910) $ 33,156
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Stock-based compensation expense 6,761 5,162 2,518
Depreciation and amortization 2,799 2,312 657
Deferred income taxes (4,715) (421) (20,773)
Amortization of operating lease right-of-use assets 731 1,076 706
Impairment of assets 0 584 0
Accretion of investment discount 0 0 (130)
Changes in operating assets and liabilities:      
Accounts receivable (3,307) (3,037) 6,790
Inventories 11 (2,441) (13,732)
Prepaid expenses and other assets (2,763) (5,012) (875)
Accounts payable 991 (714) (3,891)
Accrued expenses 1,020 (378) (792)
Deferred revenue 3,209 143 (1,469)
Operating lease liabilities (979) (699) (423)
Income taxes payable 58 (65) 14
Net cash provided by (used in) operating activities (3,310) (7,400) 1,756
Cash flows from investing activities:      
Purchases of property and equipment (2,066) (4,992) (749)
Proceeds from maturities of investments 0 0 18,000
Payments for business acquisition, net of cash and cash equivalent acquired (1,801) (11,075) 0
Net cash provided by (used in) investing activities (3,867) (16,067) 17,251
Cash flows from financing activities:      
Proceeds from issuance of common stock from public offerings, net of issuance costs 97,395 0 (72)
Proceeds from issuance of common stock under employee plans 2,200 1,409 1,807
Shares repurchased for tax withholdings on vesting of restricted stock units, amount (2,384) (784) (1,596)
Net cash provided by financing activities 97,211 625 139
Effect of exchange rate changes on cash, cash equivalents and restricted cash (6) 13 (41)
Net increase (decrease) in cash, cash equivalents and restricted cash 90,028 (22,829) 19,105
Cash, cash equivalents and restricted cash, beginning of period(1) 26,480 49,309 30,204
Cash, cash equivalents and restricted cash, end of period (1) 116,508 26,480 49,309
Supplemental cash flow information:      
Income taxes paid 60 100 90
Interest paid 0 0 0
Supplemental disclosure of non-cash flow information:      
Net transfer of equipment between inventory and property and equipment 702 458 357
Purchases of property and equipment included in accounts payable and accrued liabilities 0 1,259 53
Common stock issuance costs included in accounts payable $ 296 $ 0 $ 0