Cash Flow

v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Operating activities    
Net loss $ (50,443) $ (40,601)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization expense 20,621 18,975
Amortization of intangible assets 50 121
Impairment of long-lived assets 3,690 0
Noncash interest expense 161  
Share-based compensation expense 8,108 11,985
Stock awards issued for non-employee director service 55 43
Stock awards related to officers and directors stock purchase plan from payroll deferral   10
Gain from disposition of assets   (70)
Amortization of deferred financing costs 206 65
Loss on early lease termination 393  
Changes in operating assets and liabilities:    
Accounts receivable (964) 1,267
Inventory (4,828) 38,547
Other current assets (989) 102
Other non-current assets (1,994) 1,168
Accounts payable and accrued expenses (7,672) (21,187)
Other current liabilities (603) (615)
Right-of-use obligation - operating leases - current (407) 1,514
Right-of-use obligation - operating leases - long-term 178 (1,131)
Other non-current liabilities 362 145
Net cash (used in) provided by operating activities (34,076) 10,338
Investing activities    
Additions to property and equipment (7,961) (20,573)
Payments for intangible assets   (76)
Proceeds from sale of property and equipment 64 92
Net cash used in investing activities (7,897) (20,557)
Financing activities    
Borrowings from revolving loan payable 20,675 229
Payments made on revolving loan payable (20,675) (229)
Proceeds from convertible notes payable 25,000  
Payments on finance leases (3,444) (4,311)
Net proceeds from issuance of common stock for ESPP 173 359
Proceeds from issuance of common stock 10,733  
Payment of issuance costs - common stock (383)  
Statutory tax withholding payment for share-based compensation (682) (470)
Net cash provided by (used in) financing activities 31,397 (4,422)
Effect of exchange rate changes on cash   87
Net change in cash and cash equivalents (10,576) (14,554)
Cash and cash equivalents, beginning of period 36,397 50,951
Cash and cash equivalents, end of period 25,821 36,397
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use operating asset acquired   12,857
Accrued asset purchases 404 502
Share-based compensation expense capitalized in property and equipment 835 746
Accrued issuance costs - purchase agreement 550  
Supplemental disclosure of cash flow information:    
Cash (received) paid during the period for income taxes (93) 178
Cash paid during the period for interest 1,499 1,165
Cash received during the period for interest $ 885 $ 1,466

Source

10-K Filing
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XBRL
ZIP