Annual report pursuant to Section 13 and 15(d)

Revenues (Tables)

v3.23.1
Revenues (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue The table below presents revenues by customer grouping for the following periods:
Year Ended
  December 31, 2022 December 31, 2021
Civil space
$ 63,003  $ 60,052 
National security
43,906  29,833 
Commercial and other
53,640  47,716 
Total revenues
$ 160,549  $ 137,601 
The table below presents revenues based on the geographic location of the Company’s customers for the following periods:
Year Ended
  December 31, 2022 December 31, 2021
U.S.
$ 142,867  $ 133,309 
Netherlands 5,166  — 
Luxembourg
3,211  3,724 
United Kingdom 3,237  — 
Italy 2,570  — 
Germany
2,069  140 
Spain 706  — 
South Korea
269  272 
Poland
—  138 
Other 454  18 
Total revenues
$ 160,549  $ 137,601 
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:
Year Ended
  December 31, 2022 December 31, 2021
Customer A $ 21,705  $ 17,753 
Customer B 20,048  48,476 
Customer C 17,131  — 
Total $ 58,884  $ 66,229 
(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 consolidated balance sheets for the following periods:
December 31,
2022
December 31,
2021
Contract assets
$ 31,041  $ 11,748 
 
Contract liabilities $ 29,817  $ 15,734 
Schedule of Change in Accounting Estimate
The following table summarizes the favorable (unfavorable) impact of the net EAC adjustments for the periods presented:
Year Ended
  December 31, 2022 December 31, 2021
Net EAC adjustments, before income taxes $ (9,953) $ (1,835)
Net EAC adjustments, net of income taxes (9,376) (1,551)
Net EAC adjustments, net of income taxes, per diluted share (0.15) (0.03)