Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition from Contracts with Customers (Tables)

v3.24.3
Revenue Recognition from Contracts with Customers (Tables)
3 Months Ended
Sep. 30, 2024
Revenue Recognition from Contracts with Customers [Abstract]  
Schedule of Company’s Reportable Segments by Geographic Region The following table summarizes the revenues of the Company’s reportable segments by geographic region for the three months ended September 30, 2024 (in thousands):
    Fabrication Services Revenue     Product Sales Revenue     Total Revenue with Customers
Americas   $ 2,070     $ 363     $ 2,433
Asia     86       5,758       5,844
Europe     104       646       750
Total   $ 2,260     $ 6,767     $ 9,027

 

The following table summarizes the revenues of the Company’s reportable segments by geographic region for the three months ended September 30, 2023 (in thousands):
    Fabrication
Services
Revenue
    Product
Sales
Revenue
    Total
Revenue
with
Customers
 
Americas   $ 2,282     $ 716     $ 2,998  
Asia     269       3,045       3,314  
Europe     103       587       690  
Total   $ 2,654     $ 4,348     $ 7,002  
Schedule of Changes in the Opening and Closing Balances The following table summarizes the changes in the opening and closing balances of the Company’s contract asset (included in Other current assets on the Condensed Consolidated Balance Sheet) and contract liability (included as Deferred revenue on the Condensed Consolidated Balance Sheet) for the first three months of fiscal years 2025 and 2024 (in thousands):
    Contract Assets     Contract Liability  
Balance, June 30, 2024   $ 1,384     $

131

 
Closing, September 30, 2024     664      

301

 
Increase/(Decrease)   $ (720 )   $ 170  
                 
Balance, June 30, 2023   $ 1,894     $ 105  
Closing, September 30, 2023     720       312  
Increase/(Decrease)   $ (1,174 )   $ 207