Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jun. 26, 2021
Jul. 02, 2022
Jun. 26, 2021
REVENUE        
Total revenue $ 247,714 $ 174,182 $ 477,234 $ 327,007
Cost of Sales 163,733 114,988 316,684 214,519
GROSS PROFIT 83,981 59,194 160,550 112,488
OPERATING EXPENSE        
Selling and marketing 14,389 10,381 27,739 19,840
General and administrative 29,743 36,936 57,849 56,522
Contingent consideration and earnout fair value adjustments 0 687 0 687
Operating Expenses 44,132 48,004 85,588 77,049
INCOME FROM OPERATIONS 39,849 11,190 74,962 35,439
Interest expense (8,868) (7,476) (17,643) (15,602)
Other expense (342) (919) (369) (2,478)
Change in fair value of derivative warrant liabilities 0 (1,929) 0 (1,929)
INCOME BEFORE TAXES 30,639 866 56,950 15,430
Provision (benefit) for Income Taxes 7,802 2,560 14,409 2,405
NET INCOME (LOSS) 22,837 (1,694) 42,541 13,025
Other Comprehensive Income (Loss)   (37) (3,901) 274
COMPREHENSIVE INCOME (LOSS) 19,450 (1,731) 38,640 13,299
Net income (loss) attributable to common stockholders 22,837 (1,694) 42,541 13,025
Net income (loss) attributable to common stockholders $ 22,837 $ (1,694) $ 42,541 $ 13,025
Weighted-average shares outstanding, basic and diluted (Note 16)        
Basic 146,575,720 81,009,261 146,568,719 73,577,447
Diluted 146,717,937 81,009,261 146,648,306 73,879,851
Net income (loss) per share, basic and diluted (Note 16)        
Basic (in dollars per share) $ 0.16 $ (0.02) $ 0.29 $ 0.18
Diluted (in dollars per share) $ 0.16 $ (0.02) $ 0.29 $ 0.18
Sales of product        
REVENUE        
Total revenue $ 213,969 $ 140,556 $ 411,274 $ 262,253
Sales of services        
REVENUE        
Total revenue $ 33,745 $ 33,626 $ 65,960 $ 64,754