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 9 Months Ended
Oct. 01, 2022
Sep. 25, 2021
Oct. 01, 2022
Sep. 25, 2021
REVENUE        
Total revenue $ 262,547 $ 187,790 $ 739,781 $ 514,796
Cost of Sales 165,755 125,551 482,439 340,070
GROSS PROFIT 96,792 62,239 257,342 174,726
OPERATING EXPENSE        
Selling and marketing 14,477 12,066 42,216 31,906
General and administrative 28,418 24,947 86,267 81,469
Contingent consideration and earnout fair value adjustments 0 0 0 687
Operating Expenses 42,895 37,013 128,483 114,062
INCOME FROM OPERATIONS 53,897 25,226 128,859 60,664
Interest expense (10,979) (7,664) (28,622) (23,265)
Other expense 56 91 (313) (2,388)
Change in fair value of derivative warrant liabilities 0 1,271 0 (658)
INCOME BEFORE TAXES 42,974 18,924 99,924 34,353
Provision for Income Taxes 10,575 3,382 24,984 5,787
NET INCOME 32,399 15,542 74,940 28,566
Other Comprehensive Income (Loss) (3,037) (1,170) (6,938) (896)
COMPREHENSIVE INCOME 29,362 14,372 68,002 27,670
Net income attributable to common stockholders 32,399 15,542 74,940 28,566
Net income attributable to common stockholders $ 32,399 $ 15,542 $ 74,940 $ 28,566
Weighted-average shares outstanding, basic and diluted (Note 16)        
Basic 146,639,452 138,384,284 146,592,296 95,179,726
Diluted 146,717,917 142,840,792 146,671,509 97,828,380
Net income per share, basic and diluted (Note 16)        
Basic (in dollars per share) $ 0.22 $ 0.11 $ 0.51 $ 0.30
Diluted (in dollars per share) $ 0.22 $ 0.10 $ 0.51 $ 0.30
Sales of product        
REVENUE        
Total revenue $ 230,847 $ 155,670 $ 642,122 $ 417,922
Sales of services        
REVENUE        
Total revenue $ 31,700 $ 32,120 $ 97,659 $ 96,874