CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 28, 2024	Dec. 30, 2023
Operating activities
Net loss	$ (39,799,000)	$ (12,190,000)
Adjustments to reconcile net loss to net cash and cash equivalents provided by (used in) operating activities:
Depreciation and amortization	1,849,000	1,402,000
Net amortization (accretion) of investment premiums and discounts	(759,000)	(191,000)
Amortization of intangible assets	102,000	136,000
Equity-based compensation	1,842,000	4,373,000
Straight-line rent adjustment and amortization of lease incentives	306,000	(1,105,000)
Asset impairments and restructuring	12,782,000	0
(Gain) loss on disposal of fixed assets	520,000	(41,000)
Deferred income taxes	1,140,000	1,014,000
Changes in assets and liabilities:
Accounts receivable	7,460,000	(2,824,000)
Inventories	31,460,000	(13,792,000)
Prepaid expenses and other assets	814,000	(324,000)
Accounts payable	(2,267,000)	(5,810,000)
Accrued payroll and other accrued liabilities	1,656,000	(2,951,000)
Customer advances	(9,184,000)	(2,770,000)
Total adjustments	47,721,000	(22,883,000)
Net cash and cash equivalents provided by (used in) operating activities	7,922,000	(35,073,000)
Investing activities
Purchase of investments	(63,565,000)	(14,780,000)
Proceeds from sales and maturities of investments	51,204,000	38,427,000
Proceeds from sales of property and equipment	7,000	65,000
Purchase of leasehold improvements and equipment	(2,301,000)	(5,431,000)
Net cash and cash equivalents provided by (used in) investing activities	(14,655,000)	18,281,000
Financing activities
Proceeds from issuance of common stock	964,000	1,365,000
Payment of acquisition-related contingent consideration	0	(250,000)
Taxes paid related to net share settlement	(532,000)	(1,739,000)
Net cash and cash equivalents provided by (used in) financing activities	432,000	(624,000)
Effect of exchange rate changes on cash	(29,000)	(133,000)
Net decrease in cash, cash equivalents and restricted cash	(6,330,000)	(17,549,000)
Cash, cash equivalents and restricted cash at beginning of period	52,141,000	69,690,000
Cash, cash equivalents and restricted cash at end of period	45,811,000	52,141,000
Cash paid (received) for:
Income taxes	852,000	820,000
Income tax refund	$ 0	$ 5,000

INTEVAC INC 10-K