| Disaggregation of Revenue |
The table below presents revenues by customer grouping for the following periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
|
|
|
|
|
March 31, 2022 |
|
March 31, 2021 |
|
|
|
Civil space |
|
|
|
|
$ |
16,164 |
|
|
$ |
16,023 |
|
|
|
|
National security |
|
|
|
|
7,578 |
|
|
8,288 |
|
|
|
|
Commercial and other |
|
|
|
|
9,125 |
|
|
7,387 |
|
|
|
|
Total revenues |
|
|
|
|
$ |
32,867 |
|
|
$ |
31,698 |
|
|
|
|
The table below presents revenues based on the geographic location of the Company’s customers for the following periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
|
|
|
|
|
March 31, 2022 |
|
March 31, 2021 |
|
|
|
U.S. |
|
|
|
|
$ |
31,351 |
|
|
$ |
30,911 |
|
|
|
|
Luxembourg |
|
|
|
|
1,230 |
|
|
715 |
|
|
|
|
South Korea |
|
|
|
|
140 |
|
|
61 |
|
|
|
|
Germany |
|
|
|
|
104 |
|
|
11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other |
|
|
|
|
42 |
|
|
— |
|
|
|
|
Total revenues |
|
|
|
|
$ |
32,867 |
|
|
$ |
31,698 |
|
|
|
|
The majority of the Company’s revenues are derived from government contracts. Customers comprising 10% or more of revenues were as follows for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
|
|
|
|
|
March 31, 2022 |
|
March 31, 2021 |
|
|
|
| NASA |
|
|
|
|
$ |
8,439 |
|
|
$ |
10,937 |
|
|
|
|
| Boeing |
|
|
|
|
5,463 |
|
|
4,031 |
|
|
|
|
Air Force Research Laboratory(1)
|
|
|
|
|
— |
|
|
3,344 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
$ |
13,902 |
|
|
$ |
18,312 |
|
|
|
|
______________
(1)While revenue was generated in each of the periods presented, amounts are only disclosed for the periods in which revenue represented 10% or more of total revenue.
|
The table below presents revenues by customer grouping for the following periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
Predecessor |
|
|
|
|
|
Year Ended December 31, 2021 |
|
Period from February 10, 2020 to December 31, 2020 |
|
|
Period from January 1, 2020 to June 21, 2020 |
Civil space |
|
|
|
|
$ |
60,052 |
|
|
$ |
23,571 |
|
|
|
$ |
15,844 |
|
National security |
|
|
|
|
29,833 |
|
|
7,034 |
|
|
|
684 |
|
Commercial and other |
|
|
|
|
47,716 |
|
|
10,180 |
|
|
|
123 |
|
Total revenues |
|
|
|
|
$ |
137,601 |
|
|
$ |
40,785 |
|
|
|
$ |
16,651 |
|
The table below presents revenues based on the geographic location of the Company’s customers for the following periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
Predecessor |
|
|
|
|
|
Year Ended December 31, 2021 |
|
Period from February 10, 2020 to December 31, 2020 |
|
|
Period from January 1, 2020 to June 21, 2020 |
U.S. |
|
|
|
|
$ |
133,309 |
|
|
$ |
38,774 |
|
|
|
$ |
15,856 |
|
Luxembourg |
|
|
|
|
3,724 |
|
|
1,535 |
|
|
|
795 |
|
|
|
|
|
|
|
|
|
|
|
|
Germany |
|
|
|
|
140 |
|
|
46 |
|
|
|
— |
|
South Korea |
|
|
|
|
272 |
|
|
147 |
|
|
|
— |
|
Poland |
|
|
|
|
138 |
|
|
169 |
|
|
|
— |
|
| Other |
|
|
|
|
18 |
|
|
114 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues |
|
|
|
|
$ |
137,601 |
|
|
$ |
40,785 |
|
|
|
$ |
16,651 |
|
The majority of the Company’s revenues are derived from government contracts. Customers comprising 10% or more of revenues were as follows for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
Predecessor |
|
|
|
|
|
Year Ended December 31, 2021 |
|
Period from February 10, 2020 to December 31, 2020 |
|
|
Period from January 1, 2020 to June 21, 2020 |
|
|
|
|
|
|
|
|
|
|
|
Boeing (1)
|
|
|
|
|
$ |
17,753 |
|
|
$ |
— |
|
|
|
$ |
— |
|
| NASA |
|
|
|
|
48,476 |
|
|
21,352 |
|
|
|
15,020 |
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
$ |
66,229 |
|
|
$ |
21,352 |
|
|
|
$ |
15,020 |
|
______________
(1)While revenue was generated in each of the periods presented, amounts are only disclosed for the periods in which revenue represented 10% or more of total revenue.
|
| Schedule of Contract Assets and Contract Liabilities |
The table below presents the contract assets and contract liabilities included on the condensed consolidated balance sheets for the following periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31,
2022 |
|
December 31,
2021 |
Contract assets |
$ |
17,492 |
|
|
$ |
11,748 |
|
|
|
|
|
| Contract liabilities |
$ |
13,929 |
|
|
$ |
15,734 |
|
|
The table below presents the contract assets and contract liabilities included on the consolidated balance sheets for the following periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
December 31,
2021 |
|
December 31,
2020 |
Contract assets |
$ |
11,748 |
|
|
$ |
4,172 |
|
|
|
|
|
| Contract liabilities |
$ |
15,734 |
|
|
$ |
15,665 |
|
|
| Schedule of Change in Accounting Estimate |
The following table summarizes the impact of the net EAC adjustments for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
March 31, 2022 |
|
March 31, 2021 |
| Net EAC adjustments, before income taxes |
$ |
(1,764) |
|
|
$ |
(56) |
|
| Net EAC adjustments, net of income taxes |
(1,511) |
|
|
(50) |
|
| Net EAC adjustments, net of income taxes, per diluted share |
(0.02) |
|
|
— |
|
|
The following table summarizes the impact of the net EAC adjustments for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
Year Ended December 31, 2021 |
|
Period from February 10, 2020 to December 31, 2020 |
| Net EAC adjustments, before income taxes |
$ |
(1,835) |
|
|
$ |
728 |
|
| Net EAC adjustments, net of income taxes |
(1,551) |
|
|
580 |
|
| Net EAC adjustments, net of income taxes, per diluted share |
(0.03) |
|
|
0.02 |
|
|