| 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 September 30, |
|
|
Nine Months Ended September 30, |
|
(in thousands) |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Mission support |
|
$ |
42,359 |
|
|
$ |
25,554 |
|
|
$ |
100,495 |
|
|
$ |
57,945 |
|
Launch support |
|
|
215 |
|
|
|
826 |
|
|
|
1,244 |
|
|
|
1,422 |
|
Operations |
|
|
291 |
|
|
|
865 |
|
|
|
660 |
|
|
|
1,598 |
|
Studies, design and other |
|
|
1,020 |
|
|
|
585 |
|
|
|
1,916 |
|
|
|
1,349 |
|
Revenue |
|
$ |
43,885 |
|
|
$ |
27,830 |
|
|
$ |
104,315 |
|
|
$ |
62,314 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
(in thousands) |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
U.S. Government contracts |
|
|
|
|
|
|
|
|
|
|
|
|
Fixed price |
|
$ |
33,247 |
|
|
$ |
13,505 |
|
|
$ |
80,723 |
|
|
$ |
34,173 |
|
Cost-plus fee and other |
|
|
2,394 |
|
|
|
2,320 |
|
|
|
5,757 |
|
|
|
7,408 |
|
|
|
|
35,641 |
|
|
|
15,825 |
|
|
|
86,480 |
|
|
|
41,581 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign government contracts |
|
|
|
|
|
|
|
|
|
|
|
|
Fixed price |
|
|
1,938 |
|
|
|
1,420 |
|
|
|
5,017 |
|
|
|
3,031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial contracts |
|
|
|
|
|
|
|
|
|
|
|
|
Fixed price, U.S. |
|
|
140 |
|
|
|
8,323 |
|
|
|
2,175 |
|
|
|
14,400 |
|
Fixed price, International |
|
|
730 |
|
|
|
2,262 |
|
|
|
3,932 |
|
|
|
3,302 |
|
Cost-plus fee and other, U.S. |
|
|
32 |
|
|
|
- |
|
|
|
83 |
|
|
|
- |
|
Cost-plus fee and other, International |
|
|
5,404 |
|
|
|
- |
|
|
|
6,628 |
|
|
|
- |
|
|
|
|
6,306 |
|
|
|
10,585 |
|
|
|
12,818 |
|
|
|
17,702 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
43,885 |
|
|
$ |
27,830 |
|
|
$ |
104,315 |
|
|
$ |
62,314 |
|
|
| 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) |
|
September 30, 2023 |
|
|
December 31, 2022 |
|
Contract assets, gross |
|
$ |
4,806 |
|
|
$ |
6,840 |
|
Allowance for credit losses |
|
|
(58 |
) |
|
|
(77 |
) |
Contract assets, net |
|
$ |
4,748 |
|
|
$ |
6,763 |
|
|