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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Sep. 28, 2025
Sep. 29, 2024
Income Statement [Abstract]        
Revenues [1] $ 70,005 $ 5,536 $ 220,269 $ 20,068
Cost of revenues [1] 37,965 8,693 126,970 21,834
Gross profit (loss) 32,040 (3,157) 93,299 (1,766)
Operating expenses:        
Sales commissions [1] 7,534 7,270 24,273 11,691
Sales and marketing 6,467 1,093 21,764 3,762
General and administrative 21,483 18,450 52,382 29,789
Total operating expenses 35,484 26,813 98,419 45,242
Loss from continuing operations (3,444) (29,970) (5,120) (47,008)
Interest expense [2] (8,104) (2,338) (23,258) (8,230)
Interest income 86 3 102
Other expense, net [3] (4,256) (65,684) (1,724) (66,234)
Gain on extinguishment of debt 19,948 19,948
Total other expense, net (12,360) (47,988) (24,979) (54,414)
Loss from continuing operations before income taxes (15,804) (77,958) (30,099) (101,422)
Income tax (provision) (11)
Net loss from continuing operations (15,804) (77,958) (30,099) (101,433)
Loss from discontinued operations, net of tax (1,100) (1,100) (2,007)
Net loss from discontinued operations, net of taxes (1,100)   (1,100) (2,007)
Net loss (16,904) (77,958) (31,199) (103,440)
Other comprehensive income:        
Foreign currency translation adjustment 22
Comprehensive loss (net of tax) $ (16,904) $ (77,958) $ (31,199) $ (103,418)
Net loss per share attributable to common stockholders, basic (in Dollars per share) $ (0.19) $ (1.03) $ (0.37) $ (1.64)
Net loss per share attributable to common stockholders, diluted (in Dollars per share) (0.19) (1.03) (0.37) (1.64)
Net loss from discontinued operations per share attributable to common stockholders, basic (in Dollars per share) (0.01) (0.01) (0.03)
Net loss from discontinued operations per share attributable to common stockholders, diluted (in Dollars per share) (0.01) (0.01) (0.03)
Net loss from continuing operations per share attributable to common stockholders, basic (in Dollars per share) (0.2) (1.03) (0.38) (1.67)
Net loss from continuing operations per share attributable to common stockholders, diluted (in Dollars per share) $ (0.2) $ (1.03) $ (0.38) $ (1.67)
Weighted-average shares used to compute net loss per share attributable to common stockholders, basic (in Shares) 84,904,228 75,348,627 82,036,790 61,868,747
Weighted-average shares used to compute net loss per share attributable to common stockholders, diluted (in Shares) 84,904,228 75,348,627 82,036,790 61,868,747
Loss on issuance of derivative liabilities $ (3,000) $ (3,000)
(Loss) gain on remeasurement of derivative liabilities (Note 9 – Borrowings and Derivative Liabilities) (300) (22,800) 1,800 (22,800)
Gain (loss) due to change in fair value of Forward Purchase Agreements 2,800 100 1,800
Loss on conversion of SAFE Agreements to common stock (1,300)
Change in fair value of SAFE Agreement (100) (900) (100) (900)
(Loss) gain due to change in fair value of Carlyle warrants $ 2,900
[1] Revenue is net of dealer fees attributable to related party of $0.3 million and $1.6 million in the thirteen and thirty-nine week periods ended September 28, 2025, respectively. Revenue is net of dealer fees attributable to related party of $1.6 million in each of the thirteen and thirty-nine week periods ended September 29, 2024. Refer to Note 16 – Related Party Transactions for details.
[2] Includes related party interest expense and amortization of debt issuance costs of $1.8 million and $1.5 million in the thirteen week periods ended September 28, 2025, and September 29, 2024, respectively. Includes related party interest expense and amortization of debt issuance costs of $5.4 million and $5.6 million in the thirty-nine weeks periods ended September 28, 2025, and September 29, 2024, respectively.
[3] Includes the following related party transactions (in millions):