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Consolidated Statements of Operations - USD ($)
shares in Thousands
12 Months Ended
Jan. 02, 2022
Jan. 03, 2021
Dec. 29, 2019
Revenue [1] $ 12,685,000 $ 8,634,000 $ 10,310,000
Cost of revenue 5,266,000 4,386,000 4,405,000
Gross profit 7,419,000 4,248,000 5,905,000
Operating expenses:      
Research and development 6,927,000 7,544,000 12,350,000
Selling, general and administrative 8,008,000 6,820,000 8,918,000
Restructuring costs 0 753,000 0
Loss from operations (7,516,000) (10,869,000) (15,363,000)
Interest expense (130,000) (328,000) (350,000)
Gain on forgiveness of PPP Loan 1,192,000 0 0
Interest income and other expense, net (43,000) 97,000 189,000
Loss before income taxes (6,497,000) (11,100,000) (15,524,000)
Provision for (benefit from) income taxes 119,000 51,000 (80,000)
Net loss $ (6,616,000) $ (11,151,000) $ (15,444,000)
Net loss per share: (1)      
Basic and diluted (in dollars per share) [2] $ (0.57) $ (1.14) $ (2.02)
Weighted average shares: (1)      
Basic and diluted (in shares) [2] 11,535 9,781 7,663
[1] New products include all products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP license, professional services, QuickAI and SensiML AI software as a service (SaaS) revenues. Mature products include all products produced on semiconductor processes larger than 180 nanometers. New product revenues of $7.8 million includes revenues from in eFPGA IP license of $1.1 million and professional engineering services of $1.5 million for fiscal 2021. For fiscal years 2020 and 2019 the Company recognized $0.3 million and $0, respectively, in revenues for professional engineering services. Related to the Company's professional services revenue, the Company had Contract assets of approximately $250 thousand included in accounts receivable on its Consolidated Balance Sheet at January 2, 2022 and none at January 3, 2021. Additionally, at January 2, 2022, the Company had contract liabilities, related to its professional services, of $300 thousand included in deferred revenue on its Consolidated Balance Sheet and none at January 3, 2021.
[2] Net loss equals to comprehensive loss for all years presented.