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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jan. 27, 2024
Jan. 28, 2023
Jan. 27, 2024
Jan. 28, 2023
Revenue:        
Total revenue $ 53,058 $ 54,270 $ 132,188 $ 152,106
Cost of revenue:        
Cost of revenue 20,500 22,283 52,723 64,497
Gross profit 32,558 31,987 79,465 87,609
Operating expenses:        
Research and development 24,236 20,530 68,610 55,371
Selling, general and administrative 14,233 11,936 40,032 34,674
Impairment charges 0 2,407 0 2,407
Total operating expenses 38,469 34,873 108,642 92,452
Operating loss (5,911) (2,886) (29,177) (4,843)
Other income, net 4,291 2,530 9,150 1,618
Loss before income taxes (1,620) (356) (20,027) (3,225)
Benefit for income taxes (2,048) (3,179) (2,135) (2,615)
Net income (loss) $ 428 $ 2,823 $ (17,892) $ (610)
Net income (loss) per share:        
Basic (in US dollars per share) $ 0 $ 0.02 $ (0.12) $ 0
Diluted (in US dollars per share) $ 0 $ 0.02 $ (0.12) $ 0
Weighted-average shares:        
Basic (in shares) 157,155,000 146,908,000 152,063,000 146,000,000
Diluted (in shares) 167,160,000 156,519,000 152,063,000 146,000,000
Product sales        
Revenue:        
Total revenue $ 39,975 $ 38,033 $ 104,250 $ 117,645
Cost of revenue:        
Cost of revenue 18,912 21,833 50,126 62,016
Product engineering services        
Revenue:        
Total revenue 11,830 3,635 16,557 8,209
Cost of revenue:        
Cost of revenue 1,471 228 1,935 746
IP license        
Revenue:        
Total revenue 1,253 12,602 11,381 26,252
Cost of revenue:        
Cost of revenue $ 117 $ 222 $ 662 $ 1,735