v3.26.1
Net Loss Per Share
 6 Months Ended
Jul. 04, 2026
Net Loss Per Share  
Net Loss Per Share

Note 4 – Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share data):

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Thirteen Weeks Ended

 

Twenty-Six Weeks Ended

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July 4, 2026

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June 28, 2025

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July 4, 2026

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June 28, 2025

Net loss per share:

 

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Numerator:

 

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Net loss allocable to common shares

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$

(3,222)

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$

(12,711)

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$

(5,162)

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$

(27,994)

Denominator:

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Weighted-average common shares outstanding (basic and diluted)*

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7,579

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5,589

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7,322

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6,017

Basic and diluted net loss per share*

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$

(0.43)

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$

(2.27)

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$

(0.70)

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$

(4.65)

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*Periods were retroactively adjusted for the effect of the Reverse Stock Split (see “Note 3 - Stockholders’ Equity and Share-Based Compensation” for further information).

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For the thirteen and twenty-six weeks ended July 4, 2026 and June 28, 2025, all outstanding potentially dilutive securities, including the Convertible Notes, have been excluded from the calculation of diluted net loss per share as the effect of including such securities and Convertible Notes would have been anti-dilutive.