| Revenues |
6. Revenues The following tables present the Company’s net revenues disaggregated by geography based on the location of the customer, by product line (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2026 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
United States |
|
$ |
20,355 |
|
|
$ |
57,062 |
|
|
$ |
77,417 |
|
Europe |
|
|
12,115 |
|
|
|
4,099 |
|
|
|
16,214 |
|
Asia Pacific |
|
|
16,698 |
|
|
|
32,705 |
|
|
|
49,403 |
|
All other |
|
|
23 |
|
|
|
295 |
|
|
|
318 |
|
|
|
$ |
49,191 |
|
|
$ |
94,161 |
|
|
$ |
143,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2026 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
United States |
|
$ |
43,570 |
|
|
$ |
91,560 |
|
|
$ |
135,130 |
|
Europe |
|
|
22,386 |
|
|
|
7,428 |
|
|
|
29,814 |
|
Asia Pacific |
|
|
31,200 |
|
|
|
59,425 |
|
|
|
90,625 |
|
All other |
|
|
84 |
|
|
|
668 |
|
|
|
752 |
|
|
|
$ |
97,240 |
|
|
$ |
159,081 |
|
|
$ |
256,321 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2025 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
United States |
|
$ |
15,422 |
|
|
$ |
30,824 |
|
|
$ |
46,246 |
|
Europe |
|
|
6,142 |
|
|
|
4,720 |
|
|
|
10,862 |
|
Asia Pacific |
|
|
13,822 |
|
|
|
24,880 |
|
|
|
38,702 |
|
All other |
|
|
94 |
|
|
|
142 |
|
|
|
236 |
|
|
|
$ |
35,480 |
|
|
$ |
60,566 |
|
|
$ |
96,046 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
United States |
|
$ |
28,957 |
|
|
$ |
54,131 |
|
|
$ |
83,088 |
|
Europe |
|
|
13,915 |
|
|
|
6,820 |
|
|
|
20,735 |
|
Asia Pacific |
|
|
26,623 |
|
|
|
59,166 |
|
|
|
85,789 |
|
All other |
|
|
96 |
|
|
|
306 |
|
|
|
402 |
|
|
|
$ |
69,591 |
|
|
$ |
120,423 |
|
|
$ |
190,014 |
|
The following tables present the Company’s net revenues disaggregated by the category of revenue, by product line (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2026 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
Direct customers, contract manufacturers and
non-stocking distributors |
|
$ |
25,786 |
|
|
$ |
52,371 |
|
|
$ |
78,157 |
|
Stocking distributors, net of sales allowances |
|
|
23,314 |
|
|
|
9,432 |
|
|
|
32,746 |
|
Non-recurring engineering |
|
|
91 |
|
|
|
1,932 |
|
|
|
2,023 |
|
Royalties |
|
|
— |
|
|
|
30,426 |
|
|
|
30,426 |
|
Other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
$ |
49,191 |
|
|
$ |
94,161 |
|
|
$ |
143,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2026 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
Direct customers, contract manufacturers and
non-stocking distributors |
|
$ |
50,691 |
|
|
$ |
92,463 |
|
|
$ |
143,154 |
|
Stocking distributors, net of sales allowances |
|
|
46,373 |
|
|
|
17,794 |
|
|
|
64,167 |
|
Non-recurring engineering |
|
|
176 |
|
|
|
3,433 |
|
|
|
3,609 |
|
Royalties |
|
|
— |
|
|
|
45,391 |
|
|
|
45,391 |
|
Other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
$ |
97,240 |
|
|
$ |
159,081 |
|
|
$ |
256,321 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2025 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
Direct customers, contract manufacturers and
non-stocking distributors |
|
$ |
19,620 |
|
|
$ |
40,154 |
|
|
$ |
59,774 |
|
Stocking distributors, net of sales allowances |
|
|
15,604 |
|
|
|
7,995 |
|
|
|
23,599 |
|
Non-recurring engineering |
|
|
256 |
|
|
|
1,704 |
|
|
|
1,960 |
|
Royalties |
|
|
— |
|
|
|
10,353 |
|
|
|
10,353 |
|
Other |
|
|
— |
|
|
|
360 |
|
|
|
360 |
|
|
|
$ |
35,480 |
|
|
$ |
60,566 |
|
|
$ |
96,046 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
Direct customers, contract manufacturers and
non-stocking distributors |
|
$ |
37,902 |
|
|
$ |
83,642 |
|
|
$ |
121,544 |
|
Stocking distributors, net of sales allowances |
|
|
30,968 |
|
|
|
11,841 |
|
|
|
42,809 |
|
Non-recurring engineering |
|
|
721 |
|
|
|
3,105 |
|
|
|
3,826 |
|
Royalties |
|
|
— |
|
|
|
21,115 |
|
|
|
21,115 |
|
Other |
|
|
— |
|
|
|
720 |
|
|
|
720 |
|
|
|
$ |
69,591 |
|
|
$ |
120,423 |
|
|
$ |
190,014 |
|
The following table presents the changes in certain contract liabilities (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
|
Change |
|
Short-term deferred revenue and customer prepayments |
|
$ |
(875 |
) |
|
$ |
(3,426 |
) |
|
$ |
2,551 |
|
Sales allowances |
|
|
(4,414 |
) |
|
|
(3,136 |
) |
|
|
(1,278 |
) |
|
|
|
|
|
|
|
|
|
|
The Company records deferred revenue, which represents a contract liability, when cash payments are received or due in advance of performance under a contract with a customer. The Company did not recognize any revenue for the three and six months ended June 30, 2026, and recognized revenue of approximately $574,000 and $1,686,000 for the three and six months ended June 30, 2025, respectively, that was included in deferred revenue at the beginning of the respective period.
|