v3.26.1
Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Jun. 28, 2026
Jun. 29, 2025
Income Statement [Abstract]        
Net revenue [1],[2] $ 168,562 $ 170,532 $ 327,381 $ 332,592
Cost of revenue 100,776 106,554 195,293 212,288
Gross profit 67,786 63,978 132,088 120,304
Operating expenses:        
Research and development 22,332 20,845 43,997 39,154
Sales and marketing 33,310 31,053 64,980 59,094
General and administrative 19,804 20,683 38,987 38,753
Litigation reserves, net (1) 75 499 38
Restructuring and other charges 782 862 5,658 5,604
Total operating expenses 76,227 73,518 154,121 142,643
Loss from operations (8,441) (9,540) (22,033) (22,339)
Other income, net [3] 1,701 3,976 3,282 12,147
Loss before income taxes (6,740) (5,564) (18,751) (10,192)
Provision for income taxes 513 864 1,542 2,270
Net loss $ (7,253) $ (6,428) $ (20,293) $ (12,462)
Net loss per share        
Basic $ (0.27) $ (0.22) $ (0.74) $ (0.43)
Diluted $ (0.27) $ (0.22) $ (0.74) $ (0.43)
Weighted average shares used to compute net loss per share:        
Basic 27,041 28,911 27,502 28,815
Diluted 27,041 28,911 27,502 28,815
[1] No individual foreign country represented more than 10% of the Companys total net revenue in the periods presented.
[2] No individual foreign country represented more than 10% of the Company’s total net revenue in the periods presented.
[3] Amounts included interest income of $1.7 million and $3.8 million for the three and six months ended June 28, 2026, respectively, and $3.1 million and $6.4 million for the three and six months ended June 29, 2025, respectively. Amounts also included gain/(loss), net from derivatives not designated as hedging instruments of $0.4 million and $0.8 million for the three and six months ended June 28, 2026, respectively, and $(2.1) million and $(3.1) million for the three and six months ended June 29, 2025, respectively. For the three and six months ended June 28, 2026, the amount also included $0.6 million and $1.3 million, respectively, of imputed interest expense related to an intangible asset acquisition. For the three and six months ended June 29, 2025, the amount also included gain/(loss), net from foreign currency transactions of $2.4 million and $3.8 million, respectively, and proceeds of $4.7 million from a sale of patents for the six months ended June 29, 2025.