v3.26.1
Reportable Segment
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Reportable Segment Reportable Segment
Our chief operating decision maker, our interim chief executive officer, reviews financial information presented on a consolidated basis, including consolidated net income and its components, as reported on our consolidated statements of operations, accompanied by disaggregated information about revenues, for purposes of making operating decisions and assessing financial performance of our single consolidated segment, primarily by monitoring actual results versus our internal budget and forecasts.

Our reported segment revenue, segment profit or loss, and significant segment expenses were as follows:

Three Months Ended June 30,Six Months Ended June 30,
(In thousands)2026202520262025
Revenue$73,238 $97,665 $152,274 $189,991 
Less:
     Adjusted cost of sales (1)
47,320 68,457 105,742 134,684 
     Adjusted research and development expenses (2)
4,243 6,835 9,555 13,908 
     Adjusted operating expenses (3)
15,886 19,509 32,837 40,011 
     Other segment items (4)
4,148 5,776 9,831 10,574 
Net income (loss)$1,641 $(2,912)$(5,691)$(9,186)
(1)Cost of sales from the consolidated statements of operations, adjusted to exclude stock-based compensation and impairment expenses.
(2)R&D expenses from the consolidated statements of operations, adjusted to exclude stock-based compensation expense.
(3)Operating expenses less R&D expenses from the consolidated statements of operations, adjusted to exclude stock-based compensation, amortization of acquired intangible assets, factory restructuring charges, severance, lease abandonment costs and costs associated with our Roku litigation.
(4)Other segment items include the adjustments described in the notes above; as well as interest income (expense), net; other income (expense), net; and provision for income taxes.

The measure of segment assets is reported on our consolidated balance sheets as consolidated total assets. Long-lived assets by geographic area are disclosed in Note 5. The measure of revenues from external customers is reported on the consolidated statements of operations as net sales. Revenues by sales channel, geographic region and information about major customers are disclosed in Note 3. Depreciation expense is disclosed in Note 5. Amortization expense is disclosed in Note 6. Interest expense is disclosed in Note 8 and income taxes are disclosed in Note 9.