v3.26.1
Segments - Schedule of Segment Total Revenue (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2026
Jun. 30, 2025
Mar. 31, 2025
Jul. 03, 2026
Jun. 30, 2025
Revenue:          
Revenue $ 66,401 $ 49,130   $ 122,408 $ 95,517
Cost of goods sold 49,791 38,983   93,950 76,759
Gross profit 16,610 10,147   28,458 18,758
Operating expenses:          
General and administrative 17,780 4,016   24,848 7,275
Research and development 4,321 1,009   5,171 1,820
Sales and marketing 2,137 1,876   4,204 3,559
Total operating expenses 24,238 6,901   34,223 12,654
Operating (loss) income (7,628) 3,246   (5,765) 6,104
Change in fair value of derivative asset (881) 0   2,214 0
(Gain) loss on remeasurement of the fair value of marketable securities (445) 23   (1,081) 23
Other (income) expense, net (186) (77)   (204) 2
(Loss) income from continuing operations before taxes (8,238) 2,130   (3,866) 3,983
Income tax (benefit) provision (3,750) 0   960 0
(Loss) income from continuing operations (4,488) 2,130 $ 1,853 (4,826) 3,983
Stock-based compensation expense 14,153 383   14,798 383
Nonrelated Party          
Operating expenses:          
Interest expense (income) 127 793   740 1,303
Related Party          
Operating expenses:          
Interest expense (income) 233 377   860 793
Corporate and Other          
Revenue:          
Revenue 0 0   0 0
Cost of goods sold 0 0   0 0
Gross profit 0 0   0 0
Operating expenses:          
General and administrative 12,856 853   15,814 1,176
Research and development 0 0   2 0
Sales and marketing 187 145   340 288
Total operating expenses 13,043 998   16,156 1,464
Operating (loss) income (13,043) (998)   (16,156) (1,464)
Change in fair value of derivative asset (881)     2,214  
(Gain) loss on remeasurement of the fair value of marketable securities (445)     (1,081) 23
Other (income) expense, net (104) (19)   (104) 35
(Loss) income from continuing operations before taxes (13,209) (1,041)   (12,754) (1,610)
Income tax (benefit) provision (3,750) 0   956 0
(Loss) income from continuing operations (9,459) (1,041)   (13,710) (1,610)
Corporate and Other | Nonrelated Party          
Operating expenses:          
Interest expense (income) (300) 89   (318) 169
Corporate and Other | Related Party          
Operating expenses:          
Interest expense (income) 134 (50)   315 (81)
Location, Statement of Income, Balance [Axis]: us-gaap:CostOfGoodsAndServicesSold          
Operating expenses:          
Stock-based compensation expense 300     300  
Location, Statement of Income, Balance [Axis]: us-gaap:GeneralAndAdministrativeExpense          
Operating expenses:          
Stock-based compensation expense 10,300     10,900  
Location, Statement of Income, Balance [Axis]: us-gaap:GeneralAndAdministrativeExpense | Corporate and Other          
Operating expenses:          
Stock-based compensation expense 10,000     10,600  
Location, Statement of Income, Balance [Axis]: us-gaap:ResearchAndDevelopmentExpense          
Operating expenses:          
Stock-based compensation expense 3,600     3,600  
CMC | Operating Segments          
Revenue:          
Revenue 57,047 41,705   105,253 80,818
Cost of goods sold 42,131 33,599   80,546 66,795
Gross profit 14,916 8,106   24,707 14,023
Operating expenses:          
General and administrative 3,298 2,135   5,990 3,780
Research and development 4,056 675   4,574 1,152
Sales and marketing 1,371 1,146   2,737 2,350
Total operating expenses 8,725 3,956   13,301 7,282
Operating (loss) income 6,191 4,150   11,406 6,741
Change in fair value of derivative asset 0     0  
(Gain) loss on remeasurement of the fair value of marketable securities 0     0 0
Other (income) expense, net (49) (26)   (38) 24
(Loss) income from continuing operations before taxes 5,780 3,190   10,074 5,004
Income tax (benefit) provision 0 0   0 0
(Loss) income from continuing operations 5,780 3,190   10,074 5,004
CMC | Operating Segments | Nonrelated Party          
Operating expenses:          
Interest expense (income) 361 609   903 944
CMC | Operating Segments | Related Party          
Operating expenses:          
Interest expense (income) 99 377   467 769
CMC | Location, Statement of Income, Balance [Axis]: us-gaap:GeneralAndAdministrativeExpense | Operating Segments          
Operating expenses:          
Stock-based compensation expense 200     200  
CMC | Location, Statement of Income, Balance [Axis]: us-gaap:ResearchAndDevelopmentExpense | Operating Segments          
Operating expenses:          
Stock-based compensation expense 3,600     3,600  
EMP | Operating Segments          
Revenue:          
Revenue 9,354 7,425   17,155 14,699
Cost of goods sold 7,660 5,384   13,404 9,964
Gross profit 1,694 2,041   3,751 4,735
Operating expenses:          
General and administrative 1,626 1,028   3,044 2,319
Research and development 265 334   595 668
Sales and marketing 579 585   1,127 921
Total operating expenses 2,470 1,947   4,766 3,908
Operating (loss) income (776) 94   (1,015) 827
Change in fair value of derivative asset 0     0  
(Gain) loss on remeasurement of the fair value of marketable securities 0     0 0
Other (income) expense, net (33) (32)   (62) (57)
(Loss) income from continuing operations before taxes (809) (19)   (1,186) 589
Income tax (benefit) provision 0 0   4 0
(Loss) income from continuing operations (809) (19)   (1,190) 589
EMP | Operating Segments | Nonrelated Party          
Operating expenses:          
Interest expense (income) 66 95   155 190
EMP | Operating Segments | Related Party          
Operating expenses:          
Interest expense (income) 0 50   78 105
EMP | Location, Statement of Income, Balance [Axis]: us-gaap:GeneralAndAdministrativeExpense | Operating Segments          
Operating expenses:          
Stock-based compensation expense 100     100  
Revenue – Point in time          
Revenue:          
Revenue 48,237 39,445   85,694 78,716
Revenue – Point in time | Corporate and Other          
Revenue:          
Revenue 0 0   0 0
Revenue – Point in time | CMC | Operating Segments          
Revenue:          
Revenue 41,378 32,518   72,555 65,578
Revenue – Point in time | EMP | Operating Segments          
Revenue:          
Revenue 6,859 6,927   13,139 13,138
Revenue – Over time          
Revenue:          
Revenue 18,164 9,685   36,714 16,801
Revenue – Over time | Corporate and Other          
Revenue:          
Revenue 0 0   0 0
Revenue – Over time | CMC | Operating Segments          
Revenue:          
Revenue 15,669 9,187   32,698 15,240
Revenue – Over time | EMP | Operating Segments          
Revenue:          
Revenue $ 2,495 $ 498   $ 4,016 $ 1,561