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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jan. 02, 2021
Jan. 01, 2022
Net revenues:    
Total net revenues $ 52,128 $ 38,524
Cost of net revenues:    
Total cost of net revenues 29,711 31,457
Gross profit 22,417 7,067
Operating expenses:    
Research and development 13,205 12,176
Selling, general and administrative 18,092 17,367
Total operating expenses 31,297 29,543
Operating loss (8,880) (22,476)
Interest income 284 29
Other income (expense), net (128) (35)
Loss from continuing operations before provision for income taxes (8,724) (22,482)
Provision for income taxes 1,711 575
Net loss from continuing operations (10,435) (23,057)
Income from discontinued operations:    
Income (loss) from Photonics division, net of tax 11,491 (4,664)
Gain on sale of Photonics division, net of tax 0 54,341
Total income from discontinued operations, net of tax 11,491 49,677
Net income $ 1,056 $ 26,620
Net income (loss) per share:    
Basic and diluted—continuing operations $ (0.44) $ (0.95)
Basic and diluted—discontinued operations 0.49 2.04
Basic and diluted—net income $ 0.04 $ 1.09
Weighted average shares outstanding:    
Basic and diluted 23,669 24,348