v3.26.1
SEGMENTS
6 Months Ended
Jun. 28, 2026
Segment Reporting [Abstract]  
SEGMENTS SEGMENTS
The Company operates as one operating segment. The Company's chief operating decision maker ("CODM") is its Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated gross margin and net income to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions, such as the determination of the rate at which the Company seeks to grow gross margin and the allocation of
budget between cost of revenues, sales and marketing, research and development, and general and administrative expenses.
The following table presents selected financial information with respect to the Company’s single operating segment for the 13-week and 26-week periods ended June 28, 2026 and June 29, 2025:
For the thirteen weeks endedFor the twenty-six weeks ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Net sales$172,007 $166,661 $319,337 $319,705 
Cost of goods sold101,463 97,103 188,057 186,059 
Gross profit70,544 69,558 131,280 133,646 
Selling, general, and administrative40,427 32,954 75,829 69,653 
Research and development costs3,740 5,086 7,736 9,179 
Amortization of intangible assets3,416 3,350 6,844 6,882 
Loss on sale of assets28,259 — 28,224 — 
Restructuring costs840 355 1,715 818 
Other operating (income) expense(8,903)299 (9,341)257 
Total operating expense67,779 42,044 111,007 86,789 
Operating income2,765 27,514 20,273 46,857 
Change in fair value of warrant liability(548)(7)(1,579)(80)
Change in fair value of earn-out liability(1,258)(219)(1,772)(404)
Interest expense, net8,201 13,374 18,119 29,082 
Total non-operating expense6,395 13,148 14,768 28,598 
Income (loss) before income taxes(3,630)14,366 5,505 18,259 
Income tax (benefit) expense(1,200)3,503 679 4,579 
Net income (loss)$(2,430)$10,863 $4,826 $13,680