Disaggregation of Revenue |
The table below presents revenues by customer grouping for the following periods:
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Year Ended |
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December 31, 2022 |
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December 31, 2021 |
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Civil space |
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$ |
63,003 |
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$ |
60,052 |
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National security |
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|
43,906 |
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|
29,833 |
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Commercial and other |
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53,640 |
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|
47,716 |
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Total revenues |
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$ |
160,549 |
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$ |
137,601 |
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The table below presents revenues based on the geographic location of the Company’s customers for the following periods:
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Year Ended |
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December 31, 2022 |
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December 31, 2021 |
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U.S. |
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$ |
142,867 |
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$ |
133,309 |
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Netherlands |
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5,166 |
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— |
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Luxembourg |
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3,211 |
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3,724 |
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United Kingdom |
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3,237 |
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— |
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Italy |
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2,570 |
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— |
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Germany |
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2,069 |
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|
140 |
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Spain |
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706 |
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— |
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South Korea |
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269 |
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272 |
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Poland |
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— |
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138 |
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Other |
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|
454 |
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18 |
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Total revenues |
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$ |
160,549 |
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$ |
137,601 |
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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:
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Year Ended |
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December 31, 2022 |
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December 31, 2021 |
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Customer A |
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$ |
21,705 |
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$ |
17,753 |
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Customer B |
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20,048 |
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48,476 |
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Customer C |
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17,131 |
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— |
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Total |
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$ |
58,884 |
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$ |
66,229 |
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(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.
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Schedule of Contract Assets and Contract Liabilities |
The table below presents the contract assets and contract liabilities included on the consolidated balance sheets for the following periods:
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|
December 31, 2022 |
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December 31, 2021 |
Contract assets |
$ |
31,041 |
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$ |
11,748 |
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Contract liabilities |
$ |
29,817 |
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$ |
15,734 |
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Schedule of Change in Accounting Estimate |
The following table summarizes the favorable (unfavorable) impact of the net EAC adjustments for the periods presented:
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Year Ended |
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|
December 31, 2022 |
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December 31, 2021 |
Net EAC adjustments, before income taxes |
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$ |
(9,953) |
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$ |
(1,835) |
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Net EAC adjustments, net of income taxes |
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|
|
|
(9,376) |
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|
(1,551) |
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Net EAC adjustments, net of income taxes, per diluted share |
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|
|
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(0.15) |
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|
(0.03) |
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