v3.25.2
Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Assets and Liabilities

Contract assets and liabilities included in our Condensed Consolidated Balance Sheets are as follows:

 

 

 

As of

 

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Contract Assets

 

 

 

 

 

 

Unbilled customer receivables included in Other current assets

 

$

2,590

 

 

$

4,104

 

Total Contract Assets

 

$

2,590

 

 

$

4,104

 

 

 

 

 

 

 

 

Contract Liabilities

 

 

 

 

 

 

Customer advance payments included in Accrued expenses and other liabilities

 

$

(810

)

 

$

(910

)

Total Contract Liabilities

 

$

(810

)

 

$

(910

)

Summary of Disaggregated Revenues

The following table presents revenues disaggregated by the major markets we serve:

 

 

 

Three months ended

 

 

Six months ended

 

 

 

June 30, 2025

 

 

June 30, 2024

 

 

June 30, 2025

 

 

June 30, 2024

 

Transportation

 

$

60,674

 

 

$

64,221

 

 

$

119,163

 

 

$

130,738

 

Industrial

 

 

34,110

 

 

 

32,175

 

 

 

66,558

 

 

 

63,238

 

Medical

 

 

19,177

 

 

 

17,832

 

 

 

38,308

 

 

 

34,733

 

Aerospace & Defense

 

 

21,348

 

 

 

15,934

 

 

 

37,049

 

 

 

27,203

 

Total

 

$

135,309

 

 

$

130,162

 

 

$

261,078

 

 

$

255,912