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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Nov. 02, 2024
Oct. 28, 2023
Nov. 02, 2024
Oct. 28, 2023
Revenue:        
Total revenue $ 72,034 $ 44,035 $ 131,748 $ 79,130
Cost of revenue:        
Cost of revenue 26,522 17,918 48,953 32,223
Gross profit 45,512 26,117 82,795 46,907
Operating expenses:        
Research and development 31,742 21,736 62,151 44,374
Selling, general and administrative 22,177 13,256 43,502 25,799
Total operating expenses 53,919 34,992 105,653 70,173
Operating loss (8,407) (8,875) (22,858) (23,266)
Other income, net 4,474 2,702 10,007 4,859
Loss before income taxes (3,933) (6,173) (12,851) (18,407)
Provision (benefit) for income taxes 292 450 914 (87)
Net loss $ (4,225) $ (6,623) $ (13,765) $ (18,320)
Net loss per share:        
Basic (in US dollars per share) $ (0.03) $ (0.04) $ (0.08) $ (0.12)
Diluted (in US dollars per share) $ (0.03) $ (0.04) $ (0.08) $ (0.12)
Weighted-average shares:        
Basic (in shares) 166,487,000 150,232,000 165,789,000 149,755,000
Diluted (in shares) 166,487,000 150,232,000 165,789,000 149,755,000
Product sales        
Revenue:        
Total revenue $ 64,443 $ 34,247 $ 118,282 $ 64,275
Cost of revenue:        
Cost of revenue 25,883 17,346 47,767 31,214
Product engineering services        
Revenue:        
Total revenue 4,632 2,434 8,118 4,727
Cost of revenue:        
Cost of revenue 571 171 1,023 464
IP license        
Revenue:        
Total revenue 2,959 7,354 5,348 10,128
Cost of revenue:        
Cost of revenue $ 68 $ 401 $ 163 $ 545