v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 28, 2026
Dec. 28, 2025
Current assets:    
Cash and cash equivalents $ 4,075 $ 9,617
Trade accounts receivable, net of allowance for credit losses of $10,814 and $5,206 as of June 28, 2026 and December 28, 2025, respectively 68,925 81,946
Inventories 3,260 4,375
Prepaid expenses and other current assets 37,573 16,913
Total current assets 113,833 112,851
Restricted cash 1,134 3,841
Property and equipment, net 3,671 4,890
Operating lease right-of-use assets 4,744 4,552
Intangible assets, net 49,471 50,814
Goodwill 75,607 62,630
Other noncurrent assets 1,749 1,609
Total assets 250,209 241,187
Current liabilities:    
Accounts payable 28,322 26,240
Accrued expenses and other current liabilities [1] 64,288 56,977
Current portion of long-term notes payable 2,786 2,786
Deferred consideration, current 8,005 16,879
Deferred consideration, current with related party 3,250 5,420
Contract liabilities 8,599 20,336
Forward purchase agreement liabilities 9,274 3,965
Total current liabilities 139,192 154,638
Warranty provision, noncurrent 3,059 3,059
Warrant liability 2,185 4,361
Contract liabilities, noncurrent 794 794
Notes payable and derivative liabilities, net of current 85,293 120,159
Deferred income taxes 1,694 1,300
Deferred consideration, noncurrent
Other long-term liabilities 5,665 6,470
Total liabilities 276,480 331,331
Commitments and contingencies (Note 11)
Stockholders’ (deficit):    
Common stock, $0.0001 par value; Authorized 1,000,000,000 shares as of June 28, 2026, and December 28, 2025; issued and outstanding 151,509,461 and 111,334,959 shares as of June 28, 2026, and December 28, 2025, respectively 19 16
Additional paid-in capital 418,134 366,408
Accumulated other comprehensive income 165 165
Accumulated deficit (444,589) (456,733)
Total stockholders’ (deficit) (26,271) (90,144)
Total liabilities and stockholders’ (deficit) 250,209 241,187
Related Party    
Current liabilities:    
Short-term debt with related parties 8,500 21,500
SAFE Agreement with related party 535
Notes payable and derivative liabilities with related parties, net of current 35,433 35,130
Deferred consideration, noncurrent with related party 3,165 5,420
Third parties    
Current liabilities:    
Short-term debt with third parties $ 6,168
[1] Includes accrued interest due to related parties of $2.9 million and $2.6 million as of June 28, 2026, and December 28, 2025, respectively.Includes investor financing deposit with related party of $2.0 million as of December 28, 2025.