Revenue (Tables)

12 Months Ended

Dec. 28, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue from Contracts with Customers

The following tables represent a disaggregation of revenue from contracts with customers for fiscal 2024 and 2023.

Major Products and Service Lines


	2024		2023
	(In thousands)
	HDD		HDD		PV		ASP		Total
Systems, upgrades and spare parts	$	41,516	$	47,402	$	28	$	17	$	47,447
Field service		6,632		4,677		—		97		4,774
Cancellation fee		15,830		444		—		—		444

Total net revenues	$	63,978	$	52,523	$	28	$	114	$	52,665

Primary Geography Markets


	2024		2023
	(In thousands)
United States	$	3,279	$	4,499
Asia		60,699		48,058
Europe		—		108

Total net revenues	$	63,978	$	52,665

Timing of Revenue Recognition


	2024		2023
	(In thousands)
Products transferred at a point in time	$	63,978	$	52,665
Products and services transferred over time		—		—

Total net revenues	$	63,978	$	52,665

Changes in Contract Assets and Contract Liabilities

The following table reflects the changes in our contract assets, which we classify as accounts receivable, unbilled and our contract liabilities which we classify as deferred revenue and customer advances for fiscal 2024:


	December 28, 2024		December 30, 2023		Change
	(In thousands)
Contract assets:
Accounts receivable, unbilled	$	133	$	393	$	(260	)

Contract liabilities:
Deferred revenue	$	445	$	376	$	69
Customer advances		12,705		21,889		(9,184	)

	$	13,150	$	22,265	$	(9,115	)

INTEVAC INC 10-K