| Net Sales Disaggregated by Product Line and Geographic Area |
The following table presents the Company’s revenue disaggregated by product line and geographic area:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
Product Line |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Refining |
|
$ |
7,568 |
|
|
$ |
6,317 |
|
|
$ |
15,443 |
|
|
$ |
10,936 |
|
Chemical/Petrochemical |
|
|
5,804 |
|
|
|
3,483 |
|
|
|
11,679 |
|
|
|
8,086 |
|
Defense |
|
|
14,855 |
|
|
|
19,798 |
|
|
|
24,655 |
|
|
|
26,877 |
|
Space |
|
|
4,306 |
|
|
|
1,292 |
|
|
|
10,768 |
|
|
|
2,017 |
|
Other Commercial |
|
|
5,610 |
|
|
|
3,256 |
|
|
|
11,673 |
|
|
|
6,387 |
|
Net sales |
|
$ |
38,143 |
|
|
$ |
34,146 |
|
|
$ |
74,218 |
|
|
$ |
54,303 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Geographic Region |
|
|
|
|
|
|
|
|
|
|
|
|
Asia |
|
$ |
4,255 |
|
|
$ |
5,483 |
|
|
$ |
8,503 |
|
|
$ |
8,992 |
|
Canada |
|
|
1,707 |
|
|
|
879 |
|
|
|
2,704 |
|
|
|
2,087 |
|
Middle East |
|
|
686 |
|
|
|
963 |
|
|
|
1,145 |
|
|
|
1,575 |
|
South America |
|
|
399 |
|
|
|
236 |
|
|
|
1,860 |
|
|
|
478 |
|
U.S. |
|
|
30,325 |
|
|
|
26,201 |
|
|
|
58,494 |
|
|
|
40,095 |
|
All other |
|
|
771 |
|
|
|
384 |
|
|
|
1,512 |
|
|
|
1,076 |
|
Net sales |
|
$ |
38,143 |
|
|
$ |
34,146 |
|
|
$ |
74,218 |
|
|
$ |
54,303 |
|
|
| Schedule of Net Contract Assets (Liabilities) |
Net contract assets (liabilities) consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2022 |
|
|
March 31, 2022 |
|
|
Change |
|
|
|
|
|
|
|
|
|
|
|
Unbilled revenue (contract assets) |
|
$ |
30,670 |
|
|
$ |
25,570 |
|
|
$ |
5,100 |
|
Customer deposits (contract liabilities) |
|
|
(26,079 |
) |
|
|
(25,644 |
) |
|
|
(435 |
) |
Net contract assets (liabilities) |
|
$ |
4,591 |
|
|
$ |
(74 |
) |
|
$ |
4,665 |
|
|