| Summary of Disaggregated of Revenue |
The following tables present the Company’s disaggregated revenue by offering and customer type for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
(in thousands) |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Mission support |
|
$ |
31,546 |
|
|
$ |
19,621 |
|
|
$ |
58,136 |
|
|
$ |
32,391 |
|
Launch support |
|
|
(59 |
) |
|
|
560 |
|
|
|
1,028 |
|
|
|
596 |
|
Operations |
|
|
175 |
|
|
|
541 |
|
|
|
369 |
|
|
|
733 |
|
Studies, design and other |
|
|
570 |
|
|
|
642 |
|
|
|
897 |
|
|
|
764 |
|
Revenue |
|
$ |
32,232 |
|
|
$ |
21,364 |
|
|
$ |
60,430 |
|
|
$ |
34,484 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
(in thousands) |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
U.S. Government contracts |
|
|
|
|
|
|
|
|
|
|
|
|
Fixed price |
|
$ |
25,924 |
|
|
$ |
12,176 |
|
|
$ |
47,476 |
|
|
$ |
20,668 |
|
Cost-plus fee and other |
|
|
1,675 |
|
|
|
2,816 |
|
|
|
3,363 |
|
|
|
5,088 |
|
|
|
|
27,599 |
|
|
|
14,992 |
|
|
|
50,839 |
|
|
|
25,756 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign government contracts |
|
|
|
|
|
|
|
|
|
|
|
|
Fixed price |
|
|
1,601 |
|
|
|
1,055 |
|
|
|
3,079 |
|
|
|
1,611 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial contracts |
|
|
|
|
|
|
|
|
|
|
|
|
Fixed price, U.S. |
|
|
759 |
|
|
|
4,427 |
|
|
|
2,035 |
|
|
|
6,077 |
|
Fixed price, International |
|
|
1,048 |
|
|
|
890 |
|
|
|
3,202 |
|
|
|
1,040 |
|
Cost-plus fee and other, U.S. |
|
|
1 |
|
|
|
- |
|
|
|
51 |
|
|
|
- |
|
Cost-plus fee and other, International |
|
|
1,224 |
|
|
|
- |
|
|
|
1,224 |
|
|
|
- |
|
|
|
|
3,032 |
|
|
|
5,317 |
|
|
|
6,512 |
|
|
|
7,117 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
32,232 |
|
|
$ |
21,364 |
|
|
$ |
60,430 |
|
|
$ |
34,484 |
|
|
| Summary of Contract Assets Net, Recognized in Condensed Consolidated Balance Sheets |
The following is a summary of contract assets, net, recognized in the condensed consolidated balance sheets as of the dates presented:
|
|
|
|
|
|
|
|
|
(in thousands) |
|
June 30, 2023 |
|
|
December 31, 2022 |
|
Contract assets, gross |
|
$ |
4,676 |
|
|
$ |
6,840 |
|
Allowance for credit losses |
|
|
(48 |
) |
|
|
(77 |
) |
Contract assets, net |
|
$ |
4,628 |
|
|
$ |
6,763 |
|
|